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Domino's Pizza Inc is looking up to India's digital leadership and take learnings from the country to its other global markets for quicker delivery of its products, the company's global CEO Russell Weiner said on Tuesday. The company, which operates in India through its master franchise Jubilant Foodworks Ltd, on Tuesday launched 20-minute delivery for its pizzas to consumers across 20 zones in the country. "When I look at markets around the world, and their command of digital, India is a leader in two ways. One is digital for the customer, different ways for customers to order, but also how they're using technology back of house, to drive efficiencies," Weiner told PTI in an interview. He further said, "The reason we can do in Domino's India, even talk about doing 20 minutes (delivery) is because of all the technology and all the back of house efficiencies. It's about the algorithms that have led to store density that allows us to do that." When asked what sort of learnings the ..
Food services company Jubilant Foodworks has received approval of its board to set up a subsidiary to run Domino's Pizza business in Nepal, the company said on Monday. The subsidiary will be set up under Jubilant FoodWorks International Luxembourg. "The Board of Directors of Jubilant FoodWorks International Luxembourg, a step down wholly owned subsidiary of the Company on November 21, 2022 has inter-alia approved the incorporation of a wholly owned subsidiary company in Nepal," the company said in a regulatory filing. The company has not yet decided the name of the subsidiary. "Nepal Subsidiary shall have the exclusive right to develop and operate Domino's Pizza stores in the territory of Nepal," the filing said.
Jubilant Foodworks, Domino's Pizza master franchisee for Indian operations, has accelerated its pace of network expansion in the country and is bullish about its medium-term market potential in India. "The company's present assessment of the medium-term market potential in India is 3,000 stores. Accordingly, the company has systematically strengthened its business development capabilities and as a result, has now significantly accelerated the pace of network expansion...," according to the company's latest annual report. During the financial year 2021-22, Jubilant Foodworks has crossed the 1,500th Domino's store milestone in India, the only Domino's market outside the USA to have achieved this feat, it said. The company is strategically expanding the restaurant network of Domino's. It added 230 new stores during the financial year ended on March 31, 2022. "The company increases its reach primarily by entering new cities and fortressing its existing markets," it added. Moreover, dur