Buy shares worth Rs 500 crore following the launch of Hong's Kitchen
Dunkin' Donuts and Domino's Pizza to mitigate near-term impact of the new segment
Jubilant FoodWorks Limited (JFL) which owns Domino's Pizza chain in India, Friday said it entered Bangladesh through a joint venture with a local partner. A joint venture company Jubilant Golden Harvest Limited is formed between JFL and Golden Harvest QSR Limited, a part of Bangladesh based Golden Harvest Group, to set up stores in Bangladesh. For Jubilant, this is the second overseas market in the neighbouring country after Sri Lanka. Jubilant & its subsidiary have the exclusive rights to develop and operate Domino's Pizza brand in India, Sri Lanka, Bangladesh and Nepal. "Bangladesh is a key strategic market for us with immense potential for growth in the food service sector. We are delighted to launch Domino's Pizza in the country in partnership with Golden Harvest and are confident that this will go on to win consumer acceptance and become a successful business in Bangladesh," JFL chairman Shyam S Bhartia said in a statement. The company did not elaborate ...
The company said the launch of this new brand underlines its confidence in the growth potential of the Indian food service market in the coming years
The stock was down 3 per cent to Rs 1,263, falling 6 per cent from its intra-day high on the BSE.
Analysts had said Jubilant's decision to pay royalty to the promoters would be a clear case of the firm paying royalty twice
Jubilant FoodWorks, which is the master franchisee of Domino's and Dunkin' Donuts in India, already pays franchise fees to Domino's
Jubilant FoodWorks, the operator of Dominos Pizza chain in India, has been directed to deposit the illegal gains with the government
Westlife runs McDonald's stores in the south and west, while Jubilant is the master franchisee of Domino's and Dunkin' Donuts in the country
Use of technology to improve delivery efficiency, focused hiring efforts, and better retention helped control talent costs in Q3
Jubilant FoodWorks, which operates the Domino's franchise, dipped 5% to Rs 1,155 on Wednesday, extending its 10% fall in the past two trading days.
The stock was down 10% to Rs 1,070, its lowest level since March 21, 2018, on the BSE in intra-day trade.
Heavy competition from online food channels to weigh on margins
Experts say a coffee chain would help sharpen the brand's focus in the country, filling a crucial gap in Jubilant FoodWorks's portfolio
Higher share of the digital channel also helped in a sharp 489 basis points (bps) expansion to 16.6 per cent in operating profit margin
Tribunal says Jubilant Foods will have to pay 10% tax on royalty instead of the earlier demand of 40%
In past one month, Jubilant FoodWorks has outperformed the market by gaining 12% as compared to 2% rise in the S&P BSE Sensex.
After a muted 0.6 per cent average SSS growth over FY14-17, things have improved since the beginning of FY18
It's total income for the fiscal year ended March 2018 was at Rs 3,003.16 crore as against Rs 2,560.55 crore in the preceding year
The stock hit new high of Rs 2,668, up 2% on the BSE, bouncing back 5% from its intra-day low after the company reported more than 10-fold jump in net profit at Rs 681 million in Q4FY18.