Devyani, Sapphire Foods Merge: QSR Giant Born, What It Means for Investors

• Devyani International and Sapphire Foods, operating KFC, Pizza Hut, Costa Coffee, merge to form one of India's largest QSR companies.
• Merger approved by boards; share swap ratio is 177 Devyani shares for every 100 Sapphire shares, valued at current market prices.
• Devyani also acquires 19 KFC outlets in Hyderabad from Yum, strengthening its South India presence.
• Post-merger, expect significant revenue and cost synergies, improved margins, and enhanced shareholder value.
• Proforma FY25 projects 3002 stores, ₹7,826 crore revenue, and ₹756 crore operating EBITDA, with Devyani's revenue jumping 58%.

Why It Matters: Devyani-Sapphire merger creates a QSR powerhouse, promising long-term growth and value for investors.