India’s Pizza Hut and KFC operator names new CEO

Devyani International (DIL), which runs KFC and Pizza Hut outlets successful India arsenic a franchisee of US-based Yum Brands, has appointed its main fiscal serviceman (CFO) Manish Dawar arsenic the company’s adjacent CEO and president.

The enactment alteration volition beryllium effectual from 1 April 2026.

DIL non-executive president Ravi Jaipuria said: “DIL is astatine a captious inflection constituent successful its maturation journey, arsenic we hole to standard into a larger, much diversified and much analyzable organisation.

“The committee believes that this adjacent signifier requires a bold strategical vision, backed by beardown execution capability. Accordingly, Manish Dawar shall get elevated arsenic president and CEO for DIL with effect from 1 April 2026.”

Dawar volition win Viraj Joshi, who volition proceed with the institution arsenic a non-executive director, according to a Reuters report.

Following this transition, DIL's existent concern enforcement vice-president Anupam Kumar volition measurement into the presumption of CFO.

The institution announced the enactment alteration alongside its results for the 3rd 4th that ended connected 31 December.

It reported a consolidated nett nonaccomplishment of Rs103.9m ($1.15m) for Q3 FY26, compared with a nonaccomplishment of Rs4.9m successful the aforesaid play a twelvemonth earlier.

Excluding a one-time complaint related to India’s caller labour laws, DIL posted a nett of Rs659.8m ($7.31m) for the December quarter.

Last month, Devyani International entered a merger statement with Sapphire Foods.

The transaction would bring unneurotic 2 Yum! Brands franchise operators successful India, creating 1 of the country’s largest quick-service edifice groups. The merger is expected to instrumentality astir 12 to 15 months to go effective.

"India’s Pizza Hut and KFC relation names caller CEO" was primitively created and published by Verdict Food Service, a GlobalData owned brand.

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