Jubilant to deliver extra cheese on value, with slice of pizza recovery

Domino's Indian franchise gains steam as pizza outpaces burger rivals amid shifting market dynamics

Jubilant FoodWorks, India’s largest listed quick-service restaurant (QSR) chain by market capitalisation, is expected to maintain its outperformance versus peers with steady performance in the January–March quarter (Q4) of 2023-24 (FY24), faster recovery in the pizza category, strong value offerings, and ongoing expansion.

The stock has delivered a 14 per cent return since the beginning of June, three times the QSR average and twice that of the S&P BSE Sensex during this period.

One key reason for Street’s optimism about Jubilant, the Indian franchisee of Domino’s Pizza, is the expected reversal in the fortunes of the pizza