Jubilant Foodworks Surges as Domino's Pizza Crosses 2,000-Store Mark in India

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Jubilant Foodworks Surges as Domino's Pizza Crosses 2,000-Store Mark in India

Team FS

11/Jun/2024

Key Points:

1: Jubilant Foodworks' stock climbs following Domino's Pizza crossing the 2,000-store mark in India.

2: Domino's Pizza becomes the first QSR in India to achieve this milestone, reaffirming its dominance in the market.

3: Jubilant Foodworks reports strong financial performance with a 7x increase in net profit and plans to add 180 more Domino's stores in the current financial year.

Jubilant Foodworks, the parent company of Domino's Pizza in India, witnessed a notable surge in its stock value following the announcement that Domino's Pizza has surpassed the 2,000-store mark in the country. This significant milestone not only underscores Domino's strong presence and popularity in the Indian market but also reflects positively on Jubilant Foodworks' growth trajectory and market performance.

Domino's Pizza Becomes First QSR in India to Achieve Milestone

With the launch of its 2,000th store in India, Domino's Pizza has cemented its position as the leading quick-service restaurant (QSR) chain in the country. India now stands as Domino's number one market outside the US, highlighting the brand's immense popularity and widespread acceptance among Indian consumers. The achievement is particularly noteworthy as the last 500 stores were opened in a record time of just 29 months, showcasing Domino's commitment to accelerated expansion and market penetration.

Strong Financial Performance and Expansion Plans

Amidst the celebration of this milestone, Jubilant Foodworks also reported robust financial performance for the March-ended quarter. The company witnessed a remarkable sevenfold increase in net profit, soaring to Rs 208 crore from Rs 28 crore in the year-ago period. Revenues experienced a significant uptick as well, rising by 23.8 percent year-on-year to Rs 1,572 crore in Q4FY24. This impressive financial performance reflects Jubilant Foodworks' operational efficiency and strategic initiatives aimed at driving growth and profitability.

Looking ahead, the management of Jubilant Foodworks has outlined ambitious expansion plans for Domino's Pizza in the current financial year. The company aims to add another 180 stores to its network, further solidifying its market leadership and extending its reach to new geographies and consumer segments.

Conclusion

The achievement of crossing the 2,000-store mark by Domino's Pizza in India not only underscores the brand's dominance in the QSR segment but also reflects positively on Jubilant Foodworks' market performance and growth prospects. With strong financial indicators and ambitious expansion plans on the horizon, Jubilant Foodworks is poised to continue its upward trajectory, delivering value to shareholders and delighting customers with its renowned offerings.

Also Read : PTC Industries Surges to All-Time High on 'Make in India' Defense Initiative

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Jubilant Foodworks Surges as Domino's Pizza Crosses 2,000-Store Mark in India

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