Devyani International has acquired controlling stake in Sky Gate Hospitality (Sky Gate) along with its three brands -- Biryani By Kilo, Goila Butter Chicken, and The Bhojan. This strategic move aims to enhance the company's presence in the Indian cuisine segment by integrating these well-established brands into its portfolio.
This strategic move aligns with the company's vision to diversify its offerings and deepen its strategy with respect to House of Brands. With this acquisition, the company's brand portfolio now encompasses 10 strong and diverse food and beverage brands. This includes recent additions like Tealive, Sanook Kitchen and New York Fries. The acquisition of Biryani By Kilo, Goila Butter Chicken and The Bhojan, strengthens the company’s leadership position as one of the fastest-growing QSR chains in India.
Devyani International is the largest franchisee of Yum Brands in India and is among the largest chain operators of quick service restaurants (QSR) in India on a non-exclusive basis.
| Company Name | CMP |
|---|---|
| Varun Beverages | 474.05 |
| Nestle | 1285.65 |
| Britannia Inds | 5733.75 |
| LT Foods | 422.10 |
| Hatsun Agro Product | 979.20 |
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