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ISN Exclusive: KFC, Pizza Hut operator Devyani International to bring Warren Buffett’s Dairy Queen to India
- Devyani International, the operator of KFC and Pizza Hut, plans to bring Warren Buffett's Dairy Queen to India to expand its fast-food offerings.
- Warren Buffett's Berkshire Hathaway acquired Dairy Queen in 1997 for $585 million, and Buffett is known to be a fan of the brand.
- Devyani International aims to capture more of the fast-food market in India with Dairy Queen.
- Buffett is a fan of Dairy Queen's vanilla soft serve and banana split, which may soon be available in India.
- Devyani International did not respond to queries regarding the move.
- The company is looking to diversify its portfolio amidst increasing losses.
- In Q4FY25, the company's net loss widened to Rs 14.7 crore while revenue increased by 16% to Rs 1,213 crore.
- Devyani's management hinted at expanding its portfolio of international brands.
- Devyani International has recently acquired a majority stake in Biryani By Kilo to enhance its portfolio.
- The company has partnerships with brands like New York Fries, Tealive, and Sanook Kitchen.
- The expansion with Dairy Queen follows the company's trend of collaborating with international brands.
- Devyani International is set to introduce more international brands in the current year.
- The move to bring Dairy Queen to India comes after the acquisition of a majority stake in Biryani By Kilo.
- Devyani International is focused on increasing its presence and offerings in the fast-food segment.
- The company's decision to diversify its portfolio aligns with its strategy of entering new segments and collaborations.
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