{"id":17659,"date":"2025-05-07T08:23:03","date_gmt":"2025-05-07T08:23:03","guid":{"rendered":"https:\/\/wp-api.pocketful.in\/blog\/?p=17659"},"modified":"2025-05-07T08:23:06","modified_gmt":"2025-05-07T08:23:06","slug":"devyani-international-vs-sapphire-foods","status":"publish","type":"post","link":"https:\/\/wp-api.pocketful.in\/blog\/devyani-international-vs-sapphire-foods\/","title":{"rendered":"Devyani International Vs Sapphire Foods\u00a0&#8211; Which is Better?"},"content":{"rendered":"\n<p>Fast food has become a huge part of our daily lives, whether it&#8217;s a quick lunch at KFC, a pizza party at Pizza Hut with friends, or a cheeky Taco Bell run. But have you ever wondered who runs all these popular chains in India?<\/p>\n\n\n\n<p>That\u2019s where Devyani International and Sapphire Foods come in. These two companies are the powerhouses behind your favourite quick-service restaurants, operating hundreds of outlets across India and even overseas.<\/p>\n\n\n\n<p>In this blog, we\u2019ll break down who they are, how they got started, and how they stack up against each other financially. Think of it as a behind-the-scenes look at the business of burgers, pizzas, and beyond!<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/wp-api.pocketful.in\/blog\/devyani-international-vs-sapphire-foods\/#Devyani_International_%E2%80%93_An_Overview\" title=\"Devyani International &#8211; An Overview&nbsp;\">Devyani International &#8211; An Overview&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/wp-api.pocketful.in\/blog\/devyani-international-vs-sapphire-foods\/#Sapphire_Foods_%E2%80%93_Overview\" title=\"Sapphire Foods &#8211; Overview&nbsp;\">Sapphire Foods &#8211; Overview&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/wp-api.pocketful.in\/blog\/devyani-international-vs-sapphire-foods\/#Comparative_Study_Devyani_International_vs_Sapphire_Foods\" title=\"Comparative Study: Devyani International vs. Sapphire Foods\">Comparative Study: Devyani International vs. Sapphire Foods<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/wp-api.pocketful.in\/blog\/devyani-international-vs-sapphire-foods\/#Financial_Statements_Comparison_of_Devyani_International_and_Sapphire_Foods\" title=\"Financial Statements Comparison of Devyani International and Sapphire Foods\u00a0\">Financial Statements Comparison of Devyani International and Sapphire Foods\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/wp-api.pocketful.in\/blog\/devyani-international-vs-sapphire-foods\/#Key_Performance_Indicators_KPIs\" title=\"Key Performance Indicators (KPIs)\">Key Performance Indicators (KPIs)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/wp-api.pocketful.in\/blog\/devyani-international-vs-sapphire-foods\/#Devyani_International_vs_Sapphire_Foods_Which_Company_is_Better\" title=\"Devyani International vs Sapphire Foods: Which Company is Better?\u00a0\">Devyani International vs Sapphire Foods: Which Company is Better?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/wp-api.pocketful.in\/blog\/devyani-international-vs-sapphire-foods\/#Conclusion\" title=\"Conclusion\u00a0\">Conclusion\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/wp-api.pocketful.in\/blog\/devyani-international-vs-sapphire-foods\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"h-devyani-international-an-overview-nbsp\"><span class=\"ez-toc-section\" id=\"Devyani_International_%E2%80%93_An_Overview\"><\/span>Devyani International &#8211; An Overview&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.pocketful.in\/stocks\/devyani-international-ltd\">Devyani International Ltd. (DIL)<\/a> is one of the biggest names in India\u2019s quick service restaurant (QSR) space. If you\u2019ve ever grabbed a bite from KFC, Pizza Hut, or Taco Bell in India, chances are it was operated by them! They\u2019re one of the largest franchisees of Yum! Brands in the country and also run some homegrown food brands like Vaango, The Food Street, and Masala Twist.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-a-quick-look-at-their-journey\">A Quick Look at Their Journey<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Started in 1991, Devyani International is part of the RJ Corp Group, headed by Ravi Jaipuria, a major player in the food and beverages industry.<br><\/li>\n\n\n\n<li>They teamed up with Yum! Brands early on, bringing Pizza Hut and later KFC to Indian diners.<br><\/li>\n\n\n\n<li>In 2011, they launched Vaango, their own South Indian vegetarian restaurant chain.<br><\/li>\n\n\n\n<li>Over the years, they expanded outside India too, you\u2019ll find their outlets in Nepal and Nigeria.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Currently, the company operates 941 KFC restaurants, 572 Pizza Hut outlets and 179 Costa Coffee stores in India.<br><\/li>\n\n\n\n<li>In 2021, they went public with a highly successful IPO, and their shares were listed on the NSE and BSE.<br><\/li>\n\n\n\n<li>Since then, they\u2019ve been growing fast, opening new outlets in big cities and small towns alike, and putting a lot of focus on online orders and delivery.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-sapphire-foods-overview-nbsp\"><span class=\"ez-toc-section\" id=\"Sapphire_Foods_%E2%80%93_Overview\"><\/span>Sapphire Foods &#8211; Overview&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.pocketful.in\/stocks\/sapphire-foods-india-ltd\">Sapphire Foods<\/a> is one of the big names behind some of your favourite quick-service restaurants in India and nearby countries. They run a large number of KFC, Pizza Hut, and Taco Bell outlets across India, Sri Lanka, and the Maldives. So, if you\u2019ve ever enjoyed a crispy bucket of chicken or a cheesy slice of pizza, there\u2019s a good chance Sapphire Foods was behind it.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-a-quick-look-at-their-journey-0\">A Quick Look at Their Journey<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The company was initially incorporated as Samarjit Advisors Pvt. Ltd in 2009, but was later renamed as Sapphire Foods in 2015.<br><\/li>\n\n\n\n<li>In 2015, the company made a big move by acquiring over 270 KFC and Pizza Hut stores in India and Sri Lanka.<br><\/li>\n\n\n\n<li>Since then, they\u2019ve grown fast, opening restaurants in more than 106 cities and spreading to places like Sri Lanka and the Maldives too.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Currently, the company operates 429 KFC restaurants and 319 Pizza Hut outlets in India.<br><\/li>\n\n\n\n<li>In 2021, they went public, and their shares were listed on the <a href=\"https:\/\/www.pocketful.in\/stocks\">Indian stock markets<\/a>.<\/li>\n<\/ul>\n\n\n\n<p><strong>Read Also:<\/strong> <a href=\"https:\/\/www.pocketful.in\/blog\/swiggy-vs-zomato\/\">Swiggy Vs Zomato: Business Model, Marketing Strategies, Strengths, and Financials Compared<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-comparative-study-devyani-international-vs-sapphire-foods\"><span class=\"ez-toc-section\" id=\"Comparative_Study_Devyani_International_vs_Sapphire_Foods\"><\/span>Comparative Study: Devyani International vs. Sapphire Foods<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Particulars<\/th><th>Devyani International<\/th><th>Sapphire Foods<\/th><\/tr><\/thead><tbody><tr><td><strong>Current Price<\/strong><\/td><td>\u20b9177<\/td><td>\u20b9316<\/td><\/tr><tr><td><strong>Market Capitalization (\u20b9 Crores)<\/strong><\/td><td>21,351<\/td><td>10,167<\/td><\/tr><tr><td><strong>52-Week High<\/strong><\/td><td>\u20b9223<\/td><td>\u20b9401<\/td><\/tr><tr><td><strong>52-Week Low<\/strong><\/td><td>\u20b9130<\/td><td>\u20b9242<\/td><\/tr><tr><td><strong>FII Holdings as of March 2025<\/strong><\/td><td>10.46%<\/td><td>30.42%<\/td><\/tr><tr><td><strong>DII Holdings (as of March 2025)<\/strong><\/td><td>16.87%<\/td><td>38.51%<\/td><\/tr><tr><td><strong>Book Value<\/strong><\/td><td>\u20b99.66<\/td><td>\u20b942.4<\/td><\/tr><tr><td><strong>PE Ratio<\/strong><\/td><td>1,592<\/td><td>413<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>(Data as of 6 May 2025)<\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-financial-statements-comparison-of-devyani-international-and-sapphire-foods\"><span class=\"ez-toc-section\" id=\"Financial_Statements_Comparison_of_Devyani_International_and_Sapphire_Foods\"><\/span>Financial Statements Comparison of Devyani International and Sapphire Foods\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-income-statement\">Income Statement\u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Particulars<\/th><th>Devyani International<\/th><th>Sapphire Foods<\/th><\/tr><\/thead><tbody><tr><td><strong>Total Income<\/strong><\/td><td>3,588<\/td><td>2,627<\/td><\/tr><tr><td><strong>Total Expenditure<\/strong><\/td><td>3,398<\/td><td>2,456<\/td><\/tr><tr><td><strong>EBIT<\/strong><\/td><td>190<\/td><td>170<\/td><\/tr><tr><td><strong>Net Profit<\/strong><\/td><td>-9<\/td><td>51<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>(All the values are in INR crores unless stated otherwise)<\/em><\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"452\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/05\/Income-Statement-of-Devyani-International-and-Sapphire-Foods-.png\" alt=\"Income Statement of Devyani International and Sapphire Foods\u00a0\u00a0\" class=\"wp-image-17664\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/05\/Income-Statement-of-Devyani-International-and-Sapphire-Foods-.png 752w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/05\/Income-Statement-of-Devyani-International-and-Sapphire-Foods--300x180.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/05\/Income-Statement-of-Devyani-International-and-Sapphire-Foods--150x90.png 150w\" sizes=\"auto, (max-width: 752px) 100vw, 752px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-balance-sheet\">Balance Sheet<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Particulars<\/th><th>Devyani International<\/th><th>Sapphire Foods<\/th><\/tr><\/thead><tbody><tr><td>Current Liabilities<\/td><td>911<\/td><td>444<\/td><\/tr><tr><td>Non-Current Liabilities<\/td><td>2,673<\/td><td>1,056<\/td><\/tr><tr><td>Current Assets<\/td><td>486<\/td><td>363<\/td><\/tr><tr><td>Non-Current Assets<\/td><td>4,446<\/td><td>2,477<\/td><\/tr><tr><td>Equity Share Capital<\/td><td>120<\/td><td>64<\/td><\/tr><tr><td>Reserves &amp; Surplus<\/td><td>910<\/td><td>1,275<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><em>(All the values are in INR crores unless stated otherwise)<\/em><\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"452\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/05\/Balance-Sheet-of-Devyani-International-and-Sapphire-Foods-.png\" alt=\"Balance Sheet of Devyani International and Sapphire Foods\u00a0\u00a0\" class=\"wp-image-17662\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/05\/Balance-Sheet-of-Devyani-International-and-Sapphire-Foods-.png 752w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/05\/Balance-Sheet-of-Devyani-International-and-Sapphire-Foods--300x180.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/05\/Balance-Sheet-of-Devyani-International-and-Sapphire-Foods--150x90.png 150w\" sizes=\"auto, (max-width: 752px) 100vw, 752px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-cash-flow-statements\">Cash Flow Statements<\/h3>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Particulars<\/th><th>Devyani International<\/th><th>Sapphire Foods<\/th><\/tr><\/thead><tbody><tr><td>Cash Flow from Operating Activities<\/td><td>592<\/td><td>448<\/td><\/tr><tr><td>Cash Flow from Investing Activities<\/td><td>-1,550<\/td><td>-186<\/td><\/tr><tr><td>Cash Flow from Financing Activities<\/td><td>889<\/td><td>-212<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">(All the values are in INR crores unless stated otherwise)<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"452\" src=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/05\/Cash-Flow-Statements-of-Devyani-International-and-Sapphire-Foods-.png\" alt=\"Cash Flow Statements of Devyani International and Sapphire Foods\u00a0\u00a0\" class=\"wp-image-17663\" srcset=\"https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/05\/Cash-Flow-Statements-of-Devyani-International-and-Sapphire-Foods-.png 752w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/05\/Cash-Flow-Statements-of-Devyani-International-and-Sapphire-Foods--300x180.png 300w, https:\/\/cms-resources.pocketful.in\/blog\/wp-content\/uploads\/2025\/05\/Cash-Flow-Statements-of-Devyani-International-and-Sapphire-Foods--150x90.png 150w\" sizes=\"auto, (max-width: 752px) 100vw, 752px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-key-performance-indicators-kpis\"><span class=\"ez-toc-section\" id=\"Key_Performance_Indicators_KPIs\"><\/span>Key Performance Indicators (KPIs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table has-small-font-size\"><table><thead><tr><th>Particulars<\/th><th>Devyani International<\/th><th>Sapphire Foods<\/th><\/tr><\/thead><tbody><tr><td><strong>Basic EPS (\u20b9)<\/strong><\/td><td>0.39<\/td><td>8.30<\/td><\/tr><tr><td><strong>Operating Profit Margin (%)<\/strong><\/td><td>8.27<\/td><td>6.58<\/td><\/tr><tr><td><strong>Net Profit Margin (%)<\/strong><\/td><td>-0.27<\/td><td>2<\/td><\/tr><tr><td><strong>Return on Equity (%)<\/strong><\/td><td>4.48<\/td><td>3.94<\/td><\/tr><tr><td><strong>Return on Capital Employed (%)<\/strong><\/td><td>7.31<\/td><td>7.13<\/td><\/tr><tr><td><strong>Debt-to-Equity (x)<\/strong><\/td><td>0.86<\/td><td>0.02<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-devyani-international-vs-sapphire-foods-which-company-is-better\"><span class=\"ez-toc-section\" id=\"Devyani_International_vs_Sapphire_Foods_Which_Company_is_Better\"><\/span>Devyani International vs Sapphire Foods: Which Company is Better?\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Honestly, it depends on what you\u2019re looking at.<\/p>\n\n\n\n<p>If we\u2019re talking size and revenues, Devyani International definitely has the edge. It runs more outlets, makes more money, and has a few extra brands under its belt. It\u2019s also been in the game longer, which shows in its wider reach and stronger numbers. However, the business reported a net loss in March 2024.<\/p>\n\n\n\n<p>But Sapphire Foods isn\u2019t far behind. It&#8217;s growing steadily, runs high-performing outlets, and has a solid presence in international markets like Sri Lanka and the Maldives. It seems to focus more on quality over quantity and is playing the long game.<\/p>\n\n\n\n<p>So, is one better than the other?&nbsp;<\/p>\n\n\n\n<p>Devyani is winning on scale and operating margins, and Sapphire has a significantly higher EPS. It is hard to pick one as both companies have long-term potential if you&#8217;re betting on India&#8217;s growing appetite for fast food.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-inference\">Inference:<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Devyani operates more outlets across countries, which reflects in its higher revenue.<br><\/li>\n\n\n\n<li>Sapphire is more focused on efficiency and operates stores in select international markets like Sri Lanka and the Maldives.<br><\/li>\n\n\n\n<li>Devyani International posted a net loss of \u20b99 crores in March 2024, in contrast to a net profit of \u20b951 crores for Sapphire Foods.<br><\/li>\n\n\n\n<li>Both companies are strong franchise operators for Yum! Brands, but Devyani also operates some in-house brands, which gives the company more diversification.<\/li>\n<\/ol>\n\n\n\n<p>Based on the above information, deciding between the two companies for investment can be a tough decision and it is advised to consult a financial advisor before investing.<\/p>\n\n\n\n<p><strong>Read Also: <\/strong><a href=\"https:\/\/www.pocketful.in\/blog\/itc-vs-hul\/\">ITC vs HUL: Comparison of India\u2019s FMCG Giants<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-conclusion\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Both Devyani International and Sapphire Foods are doing a great job serving millions of customers across India and beyond. While Devyani is ahead in terms of revenues and number of outlets, Sapphire is playing it smart with a focus on growth and efficient operations.<\/p>\n\n\n\n<p>At the end of the day, whether you&#8217;re grabbing a crispy KFC bucket or biting into a cheesy Pizza Hut slice, you\u2019re enjoying the results of two well-run companies working hard behind the scenes. So next time you\u2019re at one of these places, you\u2019ll know a bit more about the business that\u2019s serving you. When it comes to selecting between the two, it can be a tricky decision and it is advised to consult a financial advisor before investing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frequently-asked-questions-faqs\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"saswp-faq-block-section\"><ol style=\"list-style-type:none\"><li style=\"list-style-type: none\"><h3 class=\"\">Who owns Devyani International?<\/h3><p class=\"saswp-faq-answer-text\">It\u2019s part of the RJ Corp group, which is headed by Ravi Jaipuria, a well-known name in the food and beverage world.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Devyani International vs Sapphire Foods: Which company is bigger?<\/h3><p class=\"saswp-faq-answer-text\">Devyani International is ahead right now since it has more outlets, more revenue, and a higher market capitalization.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Do Devyani International and Sapphire Foods operate outside India too?<\/h3><p class=\"saswp-faq-answer-text\">Yes! Devyani has a presence in Nepal and Nigeria, while Sapphire is active in Sri Lanka and the Maldives.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">Who has more stores in India?<\/h3><p class=\"saswp-faq-answer-text\">Devyani International, by a good margin. They are operating over 1,600 outlets, while Sapphire has around 700 outlets.<\/p><li style=\"list-style-type: none\"><h3 class=\"\">How can I invest in Devyani International and Sapphire Foods?<\/h3><p class=\"saswp-faq-answer-text\">Both companies are listed and available for retail investors to invest if you\u2019re interested in the food and QSR space. But do not forget to consult your financial expert before making any investment decision.\u00a0<\/p><\/ul><\/div>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fast food has become a huge part of our daily lives, whether it&#8217;s a quick lunch at KFC, a pizza party at Pizza Hut with friends, or a cheeky Taco Bell run. But have you ever wondered who runs all these popular chains in India? That\u2019s where Devyani International and Sapphire Foods come in. These [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":17667,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"is_paper_insight":false,"paper_insight_image":0,"paper_insight_pdf":0,"paper_insight_ppt":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-17659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-study"],"acf":{"freelancer":"Kavya Mehrotra"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v21.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Devyani International vs Sapphire Foods: Which QSR Giant is Better in India?<\/title>\n<meta name=\"description\" content=\"Comparison between Devyani International and Sapphire Foods \u2013 India\u2019s leading QSR powerhouses behind KFC, Pizza Hut, and Taco Bell. 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