Jubilant Foodworks Ltd on Tuesday said it plans to acquire an additional 51.16 per cent stake in DP Eurasia NV, the exclusive master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan and Georgia, through a subsidiary for a consideration of up to EUR 73.36 million (nearly Rs 670 crore). Jubilant Foodworks Netherlands B.V (JFN), the company's wholly-owned arm holds 48.84 per cent ordinary shares of DP Eurasia -- which is the largest pizza delivery company in Turkey, Jubilant Foodworks Ltd (JFL) said in a regulatory filing. JFN proposes to acquire, through any permissible mode including open offer, market purchase, the entire issued and outstanding ordinary share capital of DP Eurasia NV not already held by it at a price of up to 85 pence per share from existing shareholders of DP Eurasia, the filing added. "Aggregate purchase consideration shall be up to EUR 73.36 million approximately," it said adding it would be an all-cash consideration. DP Eurasia, together with its ..
Some brokerages have downgraded its ratings, and this was accompanied by earnings revision by as much as 18 per cent.
According to a report Domino's is currently facing intense competition from smaller and newer rivals such as Tossin, GoPizza, Leo's Pizzeria, MojoPizza, Ovenstory, and La Pino'z
What's also worrying the Street is the likelihood of a dismal Q2FY24 performance, which they feel will be marred by soaring milk, cheese and vegetable prices, and an embargo on Ukraine's wheat exports
Aggressive store expansion, new menu choices ought to boost growth for QSR
Firm says overall aim is to ensure delivery of hotter, fresher and tastier pizza without compromising food quality and safety and well-being of delivery riders
This was owing to uptick in demand across all formats
Jubilant FoodWorks Ltd, which runs the Domino's Pizza chain of restaurants in India, reported a near 10% jump in second-quarter profit on Tuesday, as people dined out more
A day after a Mumbaikar tweeted photos of glass shards allegedly found in a Domino's pizza to the Mumbai police Twitter handle, the company ordered a probe into the incident
Jubilant Foodworks, Domino's Pizza master franchisee for Indian operations, has accelerated its pace of network expansion in the country and is bullish about its medium-term market potential in India. "The company's present assessment of the medium-term market potential in India is 3,000 stores. Accordingly, the company has systematically strengthened its business development capabilities and as a result, has now significantly accelerated the pace of network expansion...," according to the company's latest annual report. During the financial year 2021-22, Jubilant Foodworks has crossed the 1,500th Domino's store milestone in India, the only Domino's market outside the USA to have achieved this feat, it said. The company is strategically expanding the restaurant network of Domino's. It added 230 new stores during the financial year ended on March 31, 2022. "The company increases its reach primarily by entering new cities and fortressing its existing markets," it added. Moreover, dur
The US chain entered Italy in 2015 through a franchising agreement with ePizza SpA and planned to distinguish itself by providing a structured national delivery service
Customers can buy online or offline, from Domino's own platform or from partner websites like Zomato or Swiggy; but to redeem points or get a free pizza, they will have to use Domino's property
Jubilant is India's largest food services company, with more than 1,600 branded restaurant outlets - including 1,567 Domino's and 28 Dunkin outlets
Value players, or those catering to price sensitive customers, may see growth and profitability concerns, they said
Shares of the company were down 3% in premarket trading
Higher share of delivery led to faster business recovery and better margins
A 7% decline in same-store sales is twice that of Jubilant's
Firm expects softness in dairy prices to offer comfort
Buyers can log into the app under the Domino's Essentials menu and order ITC's Aashirvaad atta and spices such as chilli, coriander and turmeric powder
During the quarter, the company said it accelerated its store opening momentum by opening 47 stores -- 44 for Domino's Pizza, two for Dunkin' Donuts and one for Hong's Kitchen