Devyani International launches its 1,000th outlet; Stock jumps near 3%

30 Jun 2022 , 11:13 AM

Devyani International Limited (DIL), the fastest growing quick-service restaurant (QSR) operator in India, on Thursday has announced the milestone opening of its 1,000th outlet. The company operates restaurants across India, Nigeria and Nepal, and its newest Pizza Hut at Sion, Mumbai, is testament to DIL’s commitment to business growth across geographies.

Ravi Jaipuria, Non-Executive Chairman, Devyani International Limited said, “This is an important milestone in our aspiration of building India’s largest QSR company. From our first restaurant in 1996, today we are a strong team of 12,000 building brands across cities and countries.

We are confident that we are on the path to accelerated growth driven by our flagship brands- KFC, Pizza Hut and Costa Coffee and our own brands Vaango and The Foodstreet. It took us 25 years to get to this important landmark, and we are on track to add the next 1,000 by 2026. “

The company also hosted 25 specially-abled children supported by Mumbai-based Shrimati Kamla Mehta NGO at the restaurant’s opening.

Virag Joshi, CEO, Devyani International Limited said, “DIL has always championed a culture of equity and inclusion, and is committed to providing access to opportunities and skill development to all. Today, we operate 21 all-women restaurants and have 66 specially-abled employees with us.”

Samir Menon, Managing Director, Yum! Restaurants India congratulated the team and said “DIL has been a valued partner for Yum! for over 2 decades. We are delighted to join them in celebrating the significant milestone of opening their 1,000th restaurant and I extend our heartiest congratulations.”

Merrill Pereyra, Managing Director, Pizza Hut Indian Subcontinent said “Heartiest congratulations for reaching the 1,000th store landmark in India, which is a testament to DIL’s unwavering commitment to Yum! since the last 26 years.”

At around 11:15 AM, Devyani International was trading at Rs154 per share higher by 2.70% on the BSE.