Jubilant FoodWorks Dominos Pizza

Aggressive store expansion, new menu choices ought to boost growth for QSR

Firm says overall aim is to ensure delivery of hotter, fresher and tastier pizza without compromising food quality and safety and well-being of delivery riders

This was owing to uptick in demand across all formats

Jubilant FoodWorks Ltd, which runs the Domino's Pizza chain of restaurants in India, reported a near 10% jump in second-quarter profit on Tuesday, as people dined out more

A day after a Mumbaikar tweeted photos of glass shards allegedly found in a Domino's pizza to the Mumbai police Twitter handle, the company ordered a probe into the incident

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

The US chain entered Italy in 2015 through a franchising agreement with ePizza SpA and planned to distinguish itself by providing a structured national delivery service

Customers can buy online or offline, from Domino's own platform or from partner websites like Zomato or Swiggy; but to redeem points or get a free pizza, they will have to use Domino's property

Jubilant is India's largest food services company, with more than 1,600 branded restaurant outlets - including 1,567 Domino's and 28 Dunkin outlets

Value players, or those catering to price sensitive customers, may see growth and profitability concerns, they said

Shares of the company were down 3% in premarket trading

Higher share of delivery led to faster business recovery and better margins

A 7% decline in same-store sales is twice that of Jubilant's

Firm expects softness in dairy prices to offer comfort

Buyers can log into the app under the Domino's Essentials menu and order ITC's Aashirvaad atta and spices such as chilli, coriander and turmeric powder

During the quarter, the company said it accelerated its store opening momentum by opening 47 stores -- 44 for Domino's Pizza, two for Dunkin' Donuts and one for Hong's Kitchen

The master franchisee of Domino's Pizza and Dunkin' Donuts in India reported a better-than-expected 12 per cent year on year (YoY) growth in net sales at Rs 988 crore in Q2FY20.

Aggressive store expansion plans indicate firm's confidence for the longer term

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Despite a high base of 24-26 per cent in the June 2018 quarter (Q1FY19), analysts expect Jubilant and Westlife to report 6-8 per cent same-store sales growth (SSG) in Q1FY20