PIZZA HUT
Zepto founders’ debt; Rapido’s food delivery ride
Happy Monday! Zepto founders are raising funds through structured debt ahead of the company’s IPO. This and more in today’s ETtech Morning Dispatch.
Rapido likely to run food delivery pilot in Bengaluru soon
Bike taxi platform Rapido may roll out the pilot programme for its food delivery service in Bengaluru in the coming weeks, sources told us. Rapido is targeting major restaurant chains and is in discussions with franchise operators of McDonald's, KFC, and Pizza Hut, along with other high-volume quick-service and cloud kitchen chains.
CPRL to double McDonald's store count to 600 by 2030, to invest up to USD 150 mn in expansion
Connaught Plaza Restaurants, McDonald's master franchisee for north and east India, is planning a significant expansion, investing up to $150 million over the next three to four years. The company aims to increase its store count to 300 by year-end and double it subsequently, reaching 500-600 stores by 2030.
Devyani International buys 80% in Biryani by Kilo for Rs 419 crore
Devyani International Ltd (DIL) has acquired an 80.7% stake in Sky Gate Hospitality, the parent company of Biryani by Kilo, for Rs 431.31 crore. This acquisition includes other brands like Goila Butter Chicken and The Bhojan, adding 100 outlets across 40 cities to DIL's portfolio.
Pizza meets Biryani! Devyani International acquires IITian's Biryani By Kilo for Rs 420 crore
Devyani International has announced the acquisition of an 80.72% stake in Sky Gate Hospitality, known for brands like Biryani By Kilo, in a Rs 419.6 crore deal. The acquisition, partly via share issue and cash, will strengthen Devyani’s premium dining and delivery footprint.
Devyani International to acquire 80.72% stake in Sky Gate Hospitality for Rs 419.6 cr
Devyani International Ltd (DIL) is set to acquire up to 80.72% stake in Sky Gate Hospitality for Rs 419.6 crore, incorporating brands like 'Biryani By Kilo' and 'Goila Butter Chicken'. This acquisition aims to enhance DIL's presence in the Indian cuisine segment, adding traditional flavors to its existing portfolio of QSR chains like KFC and Pizza Hut.
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BluSmart faces audit; Ather's investor gains
BluSmart’s board has appointed Grant Thornton to audit the cash-strapped company’s financials. This and more in today’s ETtech Top 5.
Finally, deals back on the menu for QSRs, cafe chains
India's QSR and cafe industry is experiencing a resurgence in deal activity, fueled by recovering demand and evolving consumer preferences. Several homegrown chains like Mad Over Donuts and Theobroma are securing funding from PE investors. Major players are expanding, with Devyani International acquiring Biryani By Kilo and Jubilant FoodWorks prioritizing customer acquisition and store expansion.
Devyani International to acquire majority stake in 'Biryani by Kilo'
Devyani International Ltd (DIL), a major franchisee for KFC, Pizza Hut, and Costa Coffee, plans to acquire a controlling stake in Sky Gate Hospitality, the operator of 'Biryani by Kilo'. The board meeting is scheduled for April 24, 2025, to approve the deal, which includes issuing equity shares to cover the acquisition cost.
KFC-operator Devyani International to buy Biryani by Kilo, shares jump 4%
Devyani International, a QSR operator of KFC and Pizza Hut, plans to acquire Biryani by Kilo, causing its shares to rally. Emkay Global upgraded the stock to buy, citing potential value creation from the acquisition and possible growth in India. Sky Gate Hospitality, operating Biryani By Kilo, has seen substantial revenue growth.
Bangladesh on powder keg as Islamists take centre stage
Bangladesh faces potential instability under the interim regime, marked by the release of militants, arms looting, and open displays of extremist ideologies. Large-scale protests against Israel, spearheaded by Islamist groups like Jamaat-e-Islami, have targeted international brands and Indian leadership. These groups, allegedly supported by Pakistan's ISI, are accused of undermining Bangladesh's secular values, impacting neighboring West Bengal.
Yum! Brands appoint Manish Jain as leader of digital and technology India GCC
Yum! Brands has appointed Manish Jain as the leader of its digital and technology (D&T) India global capability centre (GCC). Jain will spearhead the company’s GCC strategy and shared services operations in India. He brings over two decades of experience in global business services and GCC space to the role.
Is worst of business threat and stretched valuation phase over? 4 QSR stocks with an upside potential of up to 49%
Not too long ago, the market offered just two options for investors interested in India’s quick service restaurant (QSR) space. One served pizzas, and the other burgers. What followed was a wave of QSR IPOs. Each listing was met with enthusiasm. Stocks had strong early runs, and valuations soared on the back of investor appetite for scalable, brand-driven consumer businesses. Then came Zomato, a game-changer that blurred the lines. Suddenly, the competitive landscape wasn’t limited to big QSR chains. With food delivery becoming democratized, even the neighborhood soya chaap vendor could now serve customers across the city. In the age of platforms, anyone with a kitchen and a listing became part of the QSR economy.
Why protesters in Bangladesh are attacking Bata, KFC, and Pizza Hut showrooms
Mass protests have erupted in Bangladesh, particularly in Dhaka, fueled by anger over Israeli military actions in Gaza. Demonstrators targeted businesses perceived to be linked to Israel, including international chains like KFC and Pizza Hut, and even Bata showrooms, despite the footwear company's lack of Israeli ties.
MIT takes big bite of Burger King India's Rs 500-crore QIP
Among the world's top universities, MIT was the single largest investor in the QIP of the quick service restaurant chain. The Cambridge, US-based private research university invested ?92 crore in the issue as a foreign portfolio investor.
Fintech funding shows recovery; Cracks in India’s ecomm roll-ups
Fintech deals are beginning to bounce back after a two-year slowdown. This and more in today’s ETtech Morning Dispatch.
The untold story of Haldiram’s: A Bikaner woman whose kitchen inspired a $10 billion bhujia empire
Bikhi Bai, an unsung woman from Bikaner, unknowingly laid the foundation of Haldiram’s by making bhujia as a homemade treat. Her simple snack evolved into a billion-dollar empire, forever changing her family’s destiny and the Indian snack industry.
Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 29% in 1 year
After five straight months of fall, fear rules the market. But instead of letting fear guide your investment decisions, look at each sector and start to think beyond the correction. For example: Utility companies, which have been battered and have seen a correction in valuations, are at a good dividend yield level. Or a large cement player which has been acquiring strategic assets for raw material. Go sector by sector, company by company and don't let fear affect rationality. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Domino’s has a new surprise as it introduces cheese-stuffed crust pizza to its menu
After a long wait, Domino’s is finally adding a parmesan cheese-stuffed crust pizza to its menu in the US. The move comes as he chain seeks to attract younger customers and boost sales amid its struggle in the market. With new technology making production easier, Domino’s aims to close the menu gap with rivals like Pizza Hut and Papa John’s.
Is the soya chap and biryani effect over? 4 QSR stocks with an upside potential of more than 36%
Till a few years back, there were only two quick service restaurant (QSR) stocks listed on the market. One selling pizzas and the other selling burgers. Then came a slew of IPOs. All of them received good responses and did well for some time. Then the phenomenon called Zomato hit all these companies because it transformed every “soya chap seller” and biryani maker into QSRs capable of reaching customers everywhere. While the business hit these companies suffered was considerable, the hit on valuations was higher. FPIs, which were bullish on the pizza seller, have reduced their holdings in the last two years. But there is a limit to any up or downside. Have these businesses stabilized? Does sentiment need to change?
Stock picks of the week: 6 stocks with consistent score improvement and return potential of more than 36% in 1 year
For the past two years, March has been the month when bears were briefly seen even in the midst of a strong bull market. This year, they are being helped by both local (a slowdown in earnings) and global factors (the tariff tantrum). So, to expect volatility to reduce now is a bit farfetched. Yet, fearing volatility does not help. It is better to learn to live and deal with volatility. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
National Pizza Day 2025 & Super Bowl 59 on the same day: Here's ultimate guide to the best deals, freebies, and exclusive offers from Domino’s, Pizza Hut, Little Caesars, and more
National Pizza Day 2025 falls on the same day as Super Bowl 59, making it the perfect time to grab the best pizza deals. Major chains like Domino’s, Pizza Hut, and Little Caesars are rolling out massive discounts, freebies, and special offers to celebrate. Whether you’re watching the big game or just craving a slice, these deals ensure you won’t miss out. From bundle deals to free add-ons, this is the ultimate pizza lover’s dream. Don’t miss your chance to save big and enjoy delicious pizza on this exciting day!
Snake pizza in Pizza Hut: Ingredients, where to buy - all you may want to know
Snake pizza, which is being sold by Pizza Hut and long-established restaurant in Hong Kong, has generated quite a buzz.
Pizza Hut to continue aggressive expansion spree, to focus on emerging smaller markets: Merrill Pereyra
Leading Quick service restaurant chain Pizza Hut, which had doubled its store count in the country to over 820 in the last two years, will continue its "aggressive expansion spree" with a significant commitment to expand its presence in emerging smaller markets, said a top company official.
India has more KFCs and Pizza Huts than Canada or Mexico, and they’re customized too
While China has a higher number of these stores outside the US, India has more Pizza Hut outlets than Australia. It also ranks very close to Australia in terms of the number of KFCs– proving that Colonel’s chicken and pizzas have found favour with the Indian palate.
Pizza Hut ties up with HUL to add Kwality Wall's ice cream, desserts in menu
With this partnership, Pizza Hut expects to increase its average order value by 10 per cent for orders that have Kwality Wall's ice cream and desserts, a joint statement said. Besides, Pizza Hut has become the first ever pizza QSR chain to offer ice creams and desserts across its owned and aggregator platforms, it added.
Pizza Hut marks out India as a key market for global growth
"India now has five consecutive quarters of same store sales growth and it's on cusp of accelerating growth. It's always been a big potential market for us," Pant added.
ISRO employees get free pizza from Pizza Hut
Pizza Hut invited ISRO employees across the country to walk into select Pizza hut stores and treated them to a Pan Pizza.
Domino's, Pizza Hut use delivery and dine-ins to whet the taste buds of demanding Indians
To take the fight back to Pizza Hut, Domino’s is upgrading its dine-in stores, allocating larger spaces for them and foraying into new cities.
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