Jubilant Foodworks targets to open greater than 5,500 Domino’s Pizza shops

Mumbai: Jubilant Foodworks Ltd (JFL), which operates grasp franchise rights from Domino’s Pizza in India and make a choice world markets, on Wednesday mentioned it’s having a look to doubtlessly make bigger from the present 2,793 to over 5,500 Domino’s Pizza shops around the six world markets it operates in within the medium time period. Can open a pizza retailer. shops in those markets.

In fact, JFL operates Domino’s Pizza shops in India, Turkey, Bangladesh, Sri Lanka, Azerbaijan and Georgia. Final 12 months, Jubilant FoodWorks Netherlands BV (JFN), a wholly-owned subsidiary of Jubilant FoodWorks Ltd, absolutely obtained DP Eurasia, which operates because the unique grasp franchisee of Domino’s Pizza in Turkey and Georgia, successfully increasing its geographical footprint outdoor Asia.

JFL Retailer Community

General, JFL Team’s retailer community throughout six markets and 5 manufacturers had 2,990 shops as of March 31, 2024. It has a portfolio of manufacturers in rising markets with franchise rights to a few world manufacturers together with Domino’s Pizza, Popeyes and Dunkin’; Except working two personal manufacturers – Hong Kitchen in India and Espresso in Türkiye.

In India, it targets to open 4,000 shops within the medium time period, up from the former goal of three,000.

Domino’s India nears document milestone of working 2,000 shops throughout 421 towns in India; Lately, it operates 1,995 shops for the pizza chain in India, together with 179 web shops within the remaining twelve months, the corporate mentioned in its revenue presentation on Wednesday.

Flip to rising markets

“FY2024 is a 12 months of important transformation for JFL, serving to us turn into from India’s greatest foodservice corporate to probably the most greatest foodservice corporations in rising markets,” Hari S. Bhartia, co-chairman of Jubilant FoodWorks, mentioned all over the corporate’s post-earnings name on Wednesday.

The corporate additionally introduced March quarter revenue – income from operations larger 23.9% year-on-year to ₹1,572.8 crore. Benefit larger 632% to ₹208.9 crore because of web achieve of ₹170.2 crore on revaluation of fairness hobby up to now held because of the purchase of DP Eurasia.

“The March quarter efficiency was once exceptional as Domino’s India place became round within the fourth quarter. This was once completed thru a number of pre-planned strategic interventions, together with powerful regional infrastructure, enhanced on-ground execution, complete revamp of the logo and extra refining the price proposition thru centered transportation charge reductions all over sessions of vulnerable call for,” mentioned Sameer Kheterpal, CEO and MD, Jubilant FoodWorks.

The promoters of HT Media Restricted, the corporate that publishes Mint, and Jubilant Foodworks are carefully similar. On the other hand, there aren’t any promoter cross-holdings.