Brands
Future Group aims to generate Rs15,000 crore revenue in FY14
KOLKATA: With only a couple of months left for the current fiscal year (2013-2014) to go, India’s largest retailer, Future Group, hopes to reach the target of achieving a turnover of Rs 6,000–7,000 crore.
On the sidelines of inaugurating a Big Bazaar Alcove store on 6 January, Group CEO Kishore Biyani highlighted that the group is looking at garnering a sales of Rs15,000 crore in FY14.
Biyani said by the end of current fiscal, revenues from Future Retail, Future Life Style and Future Consumer Enterprises are expected to be about Rs 11,000 crore, Rs 3,000 crore and Rs 1,500 crore respectively.
Biyani said he was confident that the format like Big Bazaar, which has generated revenue of Rs 9,000 crore in the current fiscal, would register above 20 per cent growth year-on-year. “We expect that in the next fiscal revenue from Big Bazaar would be Rs 11,000 crore,” he said, adding the total number of stores would rise to 200 from the present 165 in the next 18 months.
When asked about the apparel brands, Biyani said DJ&C, Lee Cooper as well as Bare could touch a sales turnover of Rs 500 crore by the next fiscal. Sales turnover of both DJ&C and Bare, at present, stands at about Rs 400 crore.
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.
