UPDATE 1-KFC India operator Devyani Interntaional promotes CFO Manish Dawar to CEO

Adds details throughout, shares in paragraph 2

- Devyani International DEVY.NS, 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 HLL.NS and Reebok India.

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.