Brands
Wonder-la plans Rs15 crore marketing spends in 2014-15.
BENGALURU: Indian amusement park major Wonderla Holidays (Wonderla) plans to up its marketing spends by about 10 per cent during FY-2014-15 from the Rs13 crore it spent in the last fiscal. The company also will spent about 1 per cent of the total value of its IPO amounting to a maximum of Rs185 crore that opens on 21 April this year.
“Our mass media communications are season specific. We generally target people within a 300 kilometre radius from our amusement parks. We use radio, newsprint, outdoor and social media to a limited extent,” revealed a source in Wonderla to www.indiantelevision.com on the side lines of a press conference to announce the company’s IPO.
“For both our properties – the one in Bengaluru and the first one in Kochi, depending upon the season, we use around 80 to 100 billboards spread across each district of Karnataka and Kerala. Besides, periodically, we use local channels and cable networks, print and radio during seasonal times for mass media communications in our target catchment areas,” added the source.
“Typically we spend between 9 to 10 per cent of our topline towards marketing expenses, which includes payments to our agents in each district of the two states,” said the source. The company reported revenues of Rs139 crore in FY 2012-13.
“For our IPO, we will be spending around 1 per cent of about Rs185 crore or roughly about Rs 2 crore towards the mandated television and newsprint ads as well as on road shows and investor presentations,” revealed the source further.
The company’s creative duties are handled by Windowseat Communications and media buying by Mudra.
Brands
Devyani International Ltd plans three-subsidiary merger to streamline operations
QSR operator moves to streamline structure and unlock operational synergies
Devyani International is tightening its corporate kitchen. The quick-service restaurant operator has approved a scheme to merge three subsidiaries—Sky Gate Hospitality, Blackvelvet Hospitality and Say Chefs Eatery—into the parent company in a bid to simplify its structure and sharpen operational efficiency.
The decision was cleared at a board meeting on March 10 and disclosed in a regulatory filing to the stock exchanges. The merger will take effect from April 1, 2025, subject to statutory approvals.
All three transferor companies are direct or indirect wholly owned subsidiaries, meaning no fresh shares will be issued and the shareholding pattern of Devyani International will remain unchanged once the scheme is completed.
The subsidiaries together operate more than 100 outlets—including dine-in restaurants and cloud kitchens, spread across over 40 cities such as Delhi NCR, Mumbai, Kolkata and Bengaluru.
Devyani International, the largest franchisee of Yum Brands in India, said the consolidation is aimed at generating operational synergies, optimising resource utilisation and reducing layers within the corporate structure.
Financially, the move brings together businesses of varying scale. As of March 31, 2025, Devyani International reported a net worth of Rs 10,381.02 million and turnover of Rs 33,493.33 million. Sky Gate Hospitality posted a net worth of Rs 761.14 million with turnover of Rs 2,657.57 million, while Blackvelvet Hospitality and Say Chefs Eatery reported smaller operations and negative net worth.
The merger will consolidate these operations under a single corporate umbrella as the company sharpens its focus on scale and efficiency.
Devyani International currently runs more than 2,000 outlets across over 280 cities in India, Nigeria, Nepal and Thailand. Its portfolio includes franchise rights for brands such as Pizza Hut, KFC, Costa Coffee, Tea Live, New York Fries and Sanook Kitchen, alongside its own food brands.
With the paperwork underway and approvals pending, Devyani is essentially clearing the corporate clutter—turning three subsidiaries into one tighter, leaner operation. In the QSR world, even the back office needs a spring clean.
