Sapphire Foods India (SFIL) and Devyani International (DIL) are set to merge, effective April 1, 2026, subject to approvals.

This strategic move aims to consolidate their QSR businesses, leveraging KFC and Pizza Hut brands for significant synergy.

The goal is to boost scale, optimize costs, and expand market reach across India and internationally.

SFIL investors will get 177 DIL shares (₹1 each) for every 100 SFIL shares (₹2 each). SFIL reported a net worth of ₹1,327 Cr and revenue of ₹2,451 Cr; DIL, ₹1,038 Cr net worth and ₹3,349 Cr revenue (FY25). This merger promises enhanced value and a stronger market position.