Jubilant FoodWorks Limited, a key player in India's food service industry and part of the Jubilant Bhartia Group, operates various renowned food brands. Notably, it holds exclusive master franchise rights for Domino's Pizza in India, Sri Lanka, Bangladesh and Nepal, boasting a robust network of 1,928 Domino's Pizza stores across 407 Indian cities. Additionally, it operates Popeyes and Dunkin' Donuts outlets in multiple countries, with 32 Popeyes and 25 Dunkin' Donuts restaurants in India alone. The company has also ventured into owned-restaurant brands like Hong's Kitchen, specialising in Chinese cuisine, with 22 outlets across four cities.
Through its subsidiary DP Eurasia, Jubilant FoodWorks has extended its Domino's Pizza franchise to Turkey, Azerbaijan and Georgia, with 694 stores, predominantly franchised. DP Eurasia also operates COFFY coffee shops in these regions. In Sri Lanka and Bangladesh, Jubilant FoodWorks operates through wholly owned subsidiaries, with 50 and 26 stores, respectively. DP Eurasia, meanwhile, stands as the sixth-largest Domino's Pizza franchisee globally, with operations in Turkey, Azerbaijan and Georgia.
Recent strategic moves include the acquisition of a 94.28 per cent stake in DP Eurasia for ₹ 1,199 crore, primarily funded through debt and cash reserves. Additionally, Jubilant FoodWorks completed the acquisition of the remaining 49 per cent stake in Jubilant FoodWorks Bangladesh Limited. Financially, the company reported revenue of approximately ₹ 40 crore for the nine months ended FY24. Jubilant FoodWorks continues to expand its presence, innovate and deliver diverse and delicious offerings to its customers through its strong franchise partnerships and strategic acquisitions.
Sector Overview
This story is from the April 08, 2024 edition of Dalal Street Investment Journal.
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This story is from the April 08, 2024 edition of Dalal Street Investment Journal.
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