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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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USD PKR Interbank Selling / Jul 21	278.12
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Euro to USD / Jul 21	1.14
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S&P 500 / Jul 21	7,509.20
India Sensex / Jul 21	77,470.11
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Dow Jones / Jul 21	52,224.64
Germany DAX 30 / Jul 21	25,011.35
France CAC40 / Jul 21	8,363.14
Tokyo Nikkei / Jul 22	67,511.12
Hang Seng / Jul 22	24,903.04

Item	Value
Crude Oil USD/Barrel / Jul 21	85.03
Karachi Cotton PKR/37.32 KG / Jul 21	18,880
Gold 10 Grams PKR / Jul 21	368,000
Gold Spot USD/Ounce / Jul 21	4,114.26
Cotton US¢/pound / Jul 21	80.06
Petrol/Litre / Jul 22	320.73
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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%)
Gammon Pak / Jul 22 Gammon Pakistan Limited(GAMON)	24.18 ▲ 2.2 (10.01%)
Pak.Int.Cont.. / Jul 22 Pakistan International Container(PICT)	58.50 ▲ 5.32 (10%)
Ahmad Hassan / Jul 22 Ahmad Hassan Textile Mills Limited(AHTM)	121.25 ▲ 11.02 (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%)
Olympia Mills / Jul 22 Olympia Mills Limited(OML)	143.18 ▲ 13.01 (9.99%)
F.Credit & Inv / Jul 22 First Credit and Investment Bank Limited(FCIBL)	35.65 ▲ 2.99 (9.15%)
Sindh Abadgar / Jul 22 Sindh Abadgar's Sugar Mills Limited(SASML)	394 ▲ 27.99 (7.65%)

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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%)
Shams Textile / Jul 22 Shams Textile Mills Limited(STML)	53.72 ▼ -5.96 (-9.99%)
Aisha Steel (CPS) / Jul 22 Aisha Steel Mills Limited (CPS)(ASLCPS)	64 ▼ -6.94 (-9.78%)
National Silk / Jul 22 The National Silk & Rayon Mills Limited(NSRM)	299 ▼ -30.37 (-9.22%)
JS Investments / Jul 22 JS Investments Limited(JSIL)	43.05 ▼ -2.7 (-5.9%)
TPL Insurance / Jul 22 TPL Insurance Limited(TPLI)	66 ▼ -4.1 (-5.85%)
Aisha Steel(ConPS) / Jul 22 Aisha Steel(ConPS)(ASLPS)	21.01 ▼ -1.28 (-5.74%)
Next Capital / Jul 22 Next Capital Limited(NEXT)	14.56 ▼ -0.79 (-5.15%)
Khyber Textile / Jul 22 Khyber Textile Mills Limited(KHYT)	2,051.90 ▼ -111.16 (-5.14%)

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Trust Sec.& Brok. / Jul 22 Trust Securities & Brokerage Limited(TSBL)	74,496,716 ▲ 0.08
Cnergyico PK / Jul 22 Cnergyico PK Limited(CNERGY)	39,468,854 ▲ 0.1
TPL Properties / Jul 22 TPL Properties Limited(TPLP)	16,124,750 ▲ 0.25
Pak Refinery / Jul 22 Pakistan Refinery Limited(PRL)	10,250,397 ▲ 1.31
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B.O.Punjab / Jul 22 The Bank of Punjab(BOP)	6,170,455 ▲ 0.1
K-Electric Ltd. / Jul 22 K-Electric Limited(KEL)	5,126,503 ▼ -0.12
TPL Corp Ltd / Jul 22 TPL Corp Limited(TPL)	5,090,351 ▲ 0.06
WorldCall Telecom / Jul 22 Worldcall Telecom Limited(WTL)	4,996,552 ▲ 0
Maple Leaf Cement / Jul 22 Maple Leaf Cement Factory Limited(MLCF)	3,173,377 ▼ -0.61