Jubilant FoodWorks hits record high on strong sales recovery in June quarter

jubilant foodworks hits record high on strong sales recovery in june quarter

Sumary of Jubilant FoodWorks hits record high on strong sales recovery in June quarter:

  • The operator of the country’s largest restaurants chain under the Dominos brand, Jubilant’s operating revenue grew 131% to ₹8.8 bn from ₹3.8 bn in June 2020 quarter.
  • Jubilant FoodWorks delivery channel during the quarter grew by 124%.
  • Expansion to resume Jubilant FoodWorks added 29 stores last quarter – 20 new outlets for Domino’s Pizza, and three stores each for its other brands Dunkin Donuts, Ekdum!
  • The lockdowns and the restrictions due to the pandemic presented a lot of on-ground challenges and they interrupted our store expansion momentum, leading to a lower number of new stores,’ informed co-chairman of Jubilant FoodWorks, Hari Bhartia.
  • The company now plans to accelerate its store expansion and plans to open about 150-175 stores in the financial year 2022. The majority of these would be Domino’s Pizza.
  • ‘Domino’s Pizza will continue to power ahead and we see a clear potential of 3,000 stores in India in the medium to long term for the brand,’ said Pratik Pota, CEO, and whole-time director, Jubilant FoodWorks, during the investor call.
  • According to the company, it will open a mix of formats during the year, some of which would be shared stores between its three brands – Dunkin Donuts, Ekdum!
  • , and Hong’s Kitchen – focused on deliveries, while others would be standalone stores for all its brands, including Domino’s Pizza.

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