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Markets

KFC India operator Devyani International promotes CFO Manish Dawar to CEO

Insider Anupam Kumar will take over as Devyani's CFO while Joshi will remain with the company

Published February 4, 2026 Updated February 4, 2026 12:53pm

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By Reuters

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Devyani International, which operates KFC and Pizza Hut restaurants in India, will appoint Chief Financial Officer Manish Dawar as its CEO from April 1, replacing Virag Joshi, the company said on Wednesday.

Shares of the company rose nearly 5% on the day.

Dawar has been with Devyani since 2021 after stints at consumer firms such as Hindustan Unilever and Reebok India.

Indian KFC, Pizza Hut operator Devyani rises on $934 million Sapphire merger

Insider Anupam Kumar will take over as Devyani’s CFO while Joshi will remain with the company.

Devyani also reported an 11% rise in quarterly revenue on Wednesday, as its discounted menu options lured diners in.

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Germany DAX 30 / Jul 21	25,011.35
France CAC40 / Jul 21	8,363.14
India Sensex / Jul 22	76,694.63
Tokyo Nikkei / Jul 22	67,511.12
Hang Seng / Jul 22	24,903.04

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Karachi Cotton PKR/37.32 KG / Jul 21	18,880
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Sally Textile / Jul 22 Sally Textile Mills Limited(SLYT)	16.13 ▲ 1.47 (10.03%)
Dadabhoy Cement / Jul 22 Dadabhoy Cement Industries Limited(DBCI)	22.64 ▲ 2.06 (10.01%)
F.Credit & Inv / Jul 22 First Credit and Investment Bank Limited(FCIBL)	35.93 ▲ 3.27 (10.01%)
Gammon Pak / Jul 22 Gammon Pakistan Limited(GAMON)	24.18 ▲ 2.2 (10.01%)
Olympia Mills / Jul 22 Olympia Mills Limited(OML)	143.19 ▲ 13.02 (10%)
Baba Farid Sugar / Jul 22 Baba Farid Sugar Mills Limited(BAFS)	461.24 ▲ 41.93 (10%)
Fateh Sports / Jul 22 Fateh Sports Wear Limited(FSWL)	142.71 ▲ 12.97 (10%)
The Thal Ind.Corp. / Jul 22 The Thal Industries Corporation Limited(TICL)	1,048.37 ▲ 95.31 (10%)
Asia Ins. / Jul 22 Asia Insurance Company Limited(ASIC)	45.86 ▲ 4.17 (10%)
Premier Sugar / Jul 22 The Premier Sugar Mills(PMRS)	552.50 ▲ 50.23 (10%)

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Khairpur Sug. / Jul 22 Khairpur Sugar Mills Limited(KPUS)	1,364.30 ▼ -151.59 (-10%)
Suhail Jute / Jul 22 Suhail Jute Mills Limited(SUHJ)	243.87 ▼ -27.1 (-10%)
Reliance Weaving / Jul 22 Reliance Weaving Mills Limited(REWM)	174.62 ▼ -19.4 (-10%)
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National Silk / Jul 22 The National Silk & Rayon Mills Limited(NSRM)	301.01 ▼ -28.36 (-8.61%)
Ideal Dynamics / Jul 22 Ideal Dynamics Limited(IDEAL)	47.05 ▼ -4.05 (-7.93%)
First IBL Mod. / Jul 22 First IBL Modaraba(FIBLM)	14.10 ▼ -1.17 (-7.66%)
Crescent Cotton / Jul 22 Crescent Cotton Mills Limited(CCM)	60.10 ▼ -4.76 (-7.34%)
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Cordoba Logistics / Jul 22 Cordoba Logistics & Ventures Limited(CLVL)	16.30 ▼ -1.1 (-6.32%)

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Trust Sec.& Brok. / Jul 22 Trust Securities & Brokerage Limited(TSBL)	105,600,102 ▼ -0.09
Cnergyico PK / Jul 22 Cnergyico PK Limited(CNERGY)	80,312,676 ▼ -0.13
TPL Properties / Jul 22 TPL Properties Limited(TPLP)	30,887,076 ▲ 0.17
Pak Refinery / Jul 22 Pakistan Refinery Limited(PRL)	25,827,168 ▲ 0.72
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WorldCall Telecom / Jul 22 Worldcall Telecom Limited(WTL)	14,880,178 ▼ -0.04
F. Nat.Equities / Jul 22 First National Equities Limited(FNEL)	10,337,495 ▼ -0.01
Yousuf Weaving / Jul 22 Yousaf Weaving Mills Limited(YOUW)	10,303,014 ▲ 0.45
Maple Leaf Cement / Jul 22 Maple Leaf Cement Factory Limited(MLCF)	9,871,308 ▼ -2.39
TPL Corp Ltd / Jul 22 TPL Corp Limited(TPL)	8,720,124 ▲ 0.01