Devyani–Sapphire deal: India’s biggest QSR merger in 10 points

Devyani International and Sapphire Foods are merging to create a 3,000+ restaurant QSR giant with revenues of over ₹7,800 crore, bringing KFC and Pizza Hut under one operator.In this video, we explain the share-swap deal, stock market reaction, ₹200–225 crore cost savings, Yum! Brands’ role, and how this merger reshapes competition with Jubilant FoodWorks (Domino’s).This is a long-term play, with real benefits expected only after FY29.