devyani international ipo: Pizza Hut, KFC operator Devyani International IPO to open on August 4, fixes IPO price band at Rs 86-90

In FY21, Devyani’s business from the core brands (India and Internationally) accounted for 94.19 per cent of its revenues from operations. Delivery sales represented 70.20 per cent of revenues in FY21 compared with 51.15 per cent in FY20.
The company has opened 109 stores across its core brand business in the last six months. KFC and Pizza Hut were among the earliest to roll out contactless delivery in May 2020 and June 2020, the company in a recent press release said.
The company also owns brands such as Vaango, Food Street, Masala Twist, Ile Bar, Amreli and Ckrussh Juice Bar, having 692 stores in 26 states across 155 cities in India, as well as, internationally in Nepal and Nigeria.

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