Merged entity of Sapphire Foods, Devyani International likely to cross USD 1 bn annual turnover: Ravi Jaipuria

A major merger is set to create a food and beverage giant in India. Sapphire Foods India and Devyani International will combine operations. The new entity is projected to achieve an annual turnover exceeding one billion US dollars. The focus will be on revitalizing the Pizza Hut brand. KFC business growth will also be accelerated.