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Varun Beverages' Kenya arm to acquire DFIL Kenya's dairy, juice and packaged water business for $32 million
Varun Beverages (VBL) has announced that its subsidiary, VBL Industries (Kenya), has entered into an agreement to acquire the value-added dairy beverages, juices and packaged drinking water business of Devyani Food Industries (Kenya) (DFIL Kenya).
Stock Alert: Trent, Titan Company, Varun beverages, Cochin Shipyard
Varun Beverages wholly owned subsidiary, VBL Industries (Kenya) has entered into an agreement to acquire dairy beverages, juices and packaged drinking water of Devyani Food Industries (Kenya) for total consideration of $32 million (Rs 305 crore).
Varun Beverages subsidiary signs ₹305 crore deal to acquire Devyani Food Industries Kenya Assets - Upstox
Varun Beverages subsidiary signs ₹305 crore deal to acquire Devyani Food Industries Kenya AssetsUpstox
Varun Beverages' arm to acquire Devyani Food Industries Kenya business for $32 million
Shares of Varun Beverages Ltd ended at ₹495.70, down by ₹19.45, or 3.78%, on the BSE.
Devyani International to attend Citi India Consumption Tour - scanx.trade
Devyani International to attend Citi India Consumption Tourscanx.trade
Devyani International, Sapphire Foods rally up to 9% on merger approval
Devyani International and Sapphire Foods merger will take place through a share-swap mechanism. Under the share swap ratio, 177 shares of DIL will be issued for every 100 shares of Sapphire Foods.
Devyani International, Sapphire Foods shares rise up to 7% after exchange nod for merger
BSE said it has no adverse observations on the proposed scheme from the perspective of listing regulations, enabling the companies to file the merger proposal before the National Company Law Tribunal (NCLT).
KFC, McDonald's Over Domino's: Macquarie Picks Devyani, Sapphire But Cuts Jubilant Target
Within the sector, Macquarie remains most constructive on franchise operators Devyani International, Sapphire Foods and Westlife Foodworld.
Asian Paints, Devyani among top picks as consumption demand improves: Nuvama
Abneesh Roy, Executive Director of Nuvama Institutional Equities expects FY27 to be a stronger year for consumer-facing sectors as companies regain pricing power, competition in paints turns more disciplined and discretionary demand gradually improves across categories.
Small & midcaps tumble! Hindustan Copper, Devyani, PI Industries, other stocks fall up to 7%
Smallcap and midcap stocks came under pressure on Wednesday as broader markets weakened amid a record low rupee, elevated bond yields, and cautious investor sentiment. Several stocks across sectors declined sharply after earnings and valuation concerns, while rising inflationary pressures fuelled worries over possible earnings downgrades for Q1FY27.
Devyani International reports consolidated net loss of Rs 10.04 crore in the March 2026 quarter
Sales rise 18.50% to Rs 1436.86 crore
Devyani International Q4 Results: Net loss narrows, revenue rises 19%
EBITDA rose 18.6% year-on-year to ₹220.2 crore from ₹185.7 crore in the same quarter last year. However, EBITDA margin remained flat at 15.3% on a year-on-year basis.