Growth expectations, expansion plan take Jubilant FoodWorks to higher orbit

The company remains "confident of delivering hyper growth and transforming into a food-tech powerhouse"

Expectations of a strong recovery, an aggressive store expansion plan for FY22 and plans to transition to a food tech company led to a 12 per cent rally in Jubilant FoodWorks, the India franchisee for Domino’s. The shift to branded players during the pandemic, strong execution by the company and growth prospects of the quick service restaurant (QSR) format are expected to help sustain its growth and profitability going ahead.

The extent of recovery in the September quarter is a key near term trigger. While sales were impacted in the first two months of the June quarter, system sales recovered completely