Jubilant Foodworks to launch Domino's in Sri Lanka next month

Jubilant Foodworks (JFL) today said it will launch the first Domino's Pizza store in Sri Lanka by next month as a part of its plan to expand presence outside India.

JFL is also looking to tap fast food market in Bangladesh besides enhancing reach within India by setting up 80 new stores here this fiscal.

"We will enter Sri Lanka through our subsidiary by launching first Domino's store next month," JFL CEO Ajay Kaul told reporters during a conference call.

He said the company is currently setting up a commissary in Sri Lanka and plans to open around five stores in the country this fiscal.

Commenting on entry into other neighbouring countries, Kaul said: "While JFL is exploring business models to enter Bangladesh and scouting for partners, but there is no immediate plan to enter Nepal."

JFL that currently operates 378 Domino's stores in 90 cities across India plans to open upto 80 new stores here this fiscal.

"In 2010-11, JFL opened 72 new stores with an investment of around Rs 70 crore. This fiscal the company intends to open 75 to 80 Domino's stores," Kaul said.

Besides increasing the number of outlets, JFL also plans to set up new commissaries at Mumbai, Kolkata and Chandigarh.

"The total capital expenditure for setting up new stores and commissaries will be significant, much more than Rs 70 crore invested last fiscal," Kaul added.

Earlier this year, JFL had signed a master franchise agreement with US' leading baked food and coffee chain Dunkin' Donuts to bring the brand here.

"The first Dunkin' Donuts store is likely to be set up this year-end or early next year. In the next five years we plan to set up 80-100 such stores in India," Kaul said.