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Updated: June 19, 2025 07:49
Inside Scoop Warren Buffett's beloved American fast-food chain, Dairy Queen, will soon debut in India. The thrust is being led by Devyani International, owner of India's KFC, Pizza Hut, and Costa Coffee. With growing demand for decadent pleasures and quick-service consumption, the Indian market is primed for a new dessert contender.
Strategic Ingredients
Devyani International is negotiating with Dairy Queen to take the brand into Indian cities.
The company wishes to diversify its portfolio beyond coffee and fried chicken.
Dairy Queen, owned by Buffett's Berkshire Hathaway since 1997, is well known for soft-serve ice cream, Blizzards, and banana splits.
Entry of the brand can precipitate a fresh round of competition in India's quick-service dessert market.
Business Context
Devyani International reported a quarterly loss of ₹14.7 crore in the previous quarter, nearly double from a year ago.
Revenue grew 16% year on year to ₹1,213 crore even as it reported the loss.
It has been aggressively growing, including acquiring Biryani By Kilo for ₹420 crore.
Other recent purchases include Tealive, Sanook Kitchen, and New York Fries.
Market Appetite
India's quick-service restaurant (QSR) market is booming, driven by urbanization, rising disposable incomes, and a young population.
Indian ice cream sales remain below international standards, offering room for expansion.
Dairy Queen entry has the potential to shake up incumbents Baskin-Robbins and Naturals, especially in the upscale soft-serve category.
Cultural Flavor
Dairy Queen's not just a fast food chain—it's an Americana symbol.
Warren Buffett, long-time outspoken DQ fan, regularly feeds visitors DQ's legendary desserts in Omaha.
The retro appeal of the brand and Buffett's stamp of approval could be attractive for Indian consumers seeking global experiences.
Steps Ahead
The announcement has not been made formal by Devyani yet, but sources say the launch could happen in a year.
Store formats, pricing strategy, and menu localization would likely be areas of emphasis.
Sources: Snackfax, Franchise India, Times of India.
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