Jubilant FoodWorks plans to invest in some promising domestic brand

Jubilant FoodWorks which operates quick service restaurants Domino’s and Dunkin’ Donuts is planning to open 130-140 new Domino's Pizza outlets and around 20 new Dunkin' Donuts outlets by this fiscal.

"Restaurant expansion continues to a core priority in order to expand reach. Aligned to this, for financial year 2016-17, target of (opening) around 130-140 new Domino's Pizza and around 20 new Dunkin' Donuts," shared a corporate presentation by Jubilant FoodWorks.

It also added that it would "focus on digitisation and reaching a wider audience through online ordering".

Jubilant FoodWorks operates Domino's Pizza and Dunkin' Donuts chains in India under franchising agreement with the parent companies.

Elaborating on its future portfolio expansion plans, Jubilant FoodWorks said it evaluating bringing in "international renowned brands around QSR or casual dining".

The company added that it is also exploring "starting own brand or acquiring/ investing in some promising domestic brand" to expand its brands portfolio.

By end May Jubilant FoodWorks was operating 1,039 Domino's Pizza outlets across 240 cities and 74 Dunkin' Donuts restaurants across 24 cities in India.

For the quarter ended March 31, 2016, Jubilant FoodWorks reported 6.56 per cent decline in standalone net profit at Rs 29.46 crore on the account of higher expenses.

Its net sales rose to Rs 617.83 crore for the quarter under review, up 13.99 per cent, from Rs 542 crore in the same period a year ago.