Page 3 - Jubilant Foodworks

Jubilant FoodWorks appoints Suman Hegde as exec VP, chief financial officer

Jubilant FoodWorks, master franchisee of Domino's Pizza and Dunkin' Donuts, on Tuesday announced the appointment of Suman Hegde as the Executive Vice President and Chief Financial Officer of the company. The board of JFL, in its meeting held on Tuesday, approved the appointment of Hedge, who is presently working with the leading FMCG maker Hindustan Unilever as Vice President of Finance Beauty, Wellbeing & Personal Care, South Asia. Hedge's appointment is effective from March 1, 2024, said a statement from JFL, which is also a master franchisee of leading QSR brands such as Fried Chicken brand Popeyes and Hong's Kitchen. Commenting on the development, JFL CEO & MD Sameer Khetarpal said: "As a leader, she brings high-quality experience in customer-first thinking, ability to partner with businesses and lead high-performing teams. The appointment is in line with the company's strategic priority of building a solid yet diverse foundation of people and culture." Hedge has over 20 .

Manu Ahuja, MD &CEO of Jubilant Agri and Consumer Products, passes away

Ahuja was appointed as MD and CEO in May 2018. Manu Ahuja was an alumnus of XLRI Jamshedpur and Thapar Institute of Engineering, Patiala

Why people are not loving Domino's anymore?

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

Weak demand may cap Jubilant FoodWorks rally, it rose 14% from july low

HDFC Securities expects similar weak trends for the September quarter, noting signs of stress in demand even in Tier-II and Tier-III cities

Expecting high demand, QSRs, retail companies expand their workforce

Reliance Retail (RR), the country's largest retailer, added the most number of employees at about 60,000 in FY23

Inflation bites off Jubilant Food's Q1 profit; analysts serve earnings cut

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

Stocks to Watch: Tata Motors, L&T, CEAT, Tata Motors DVR, SBI Life, BPCL

Stocks to watch on July 26, 2023: Tata Motors announced the cancellation of its DVR shares. Under the scheme, 7 ordinary shares of the company will be issued for every 10 DVR shares

Jubilant FoodWorks to invest Rs 750 cr in FY23 towards capital expenditure

Jubilant FoodWorks, which operates the Domino's Pizza brand in India, plans to invest Rs 750 crore towards capital expenditure this fiscal to be spent for opening around 220 outlets and others. Sameer Khetarpal, MD and CEO of Jubilant FoodWorks, said the pizza-chain plans to open 30 to 35 Popeyes restaurants in the current financial year to take the store count to 50. Currently, the number is 18. In a year we are investing about Rs 200 to Rs 250 crore in building new factories and we are investing about Rs 500 crore in stores. Roughly Rs 700 crore to Rs 750 per annum on capital expenditure. This year we plan to open 200 to 220 Domino's and 32 to 35 Popeyes, he told PTI. Jubilant FoodWorks holds the exclusive master franchise rights from Domino's Pizza Inc. to develop and operate the Domino's Pizza brand in India, Sri Lanka, Bangladesh, and Nepal. However, the operations in Nepal are yet to start. Currently, the company runs a network of over 1800 Domino's restaurants across 393 ..

Jubilant FoodWorks gearing up to launch Domino's for ONDC debut

Companies like McDonald's, Biryani Blues, and Wow! Momo, among others, have already joined or are in the process of doing so on ONDC, according to industry sources.

Jubilant Foodworks, Advent Int'l in race to buy Burger King franchise

M&As pick up pace in Indian QSR industry amid sharp recovery in revenues

Analysts recommend to selectively buy-the-dip in QSR stocks; here's why

In the past six months, QSR-companies like Devyani International, Jubilant Foodworks, Restaurant Brands Asia, and Sapphire Foods, have tanked up to 26 per cent

Jubilant plans to grow Popeyes India network to 250 restaurants in 5 years

US fried-chicken chain Popeyes made its debut in India with the opening of its first restaurant in Bengaluru in January 2022, followed by rapid expansion to 12 restaurants in Bengaluru

20-min pizza delivery promise by Domino's gets stuck in traffic, kitchen

As Domino's faces the 20-minute delivery challenge in Bengaluru, announces launch of service in other metros in 12 months

Domino's targets 20-minute delivery across metro cities in next 12 months

Domino's 20-minute delivery is available at 170 stores across Bengaluru

Domino's Pizza launches breakthrough 20-minute delivery in Bengaluru

The firm has achieved this by enhancing in-store process improvements, upgrading technology, and expanding its store network

Jubilant FoodWorks Q3 net down 40% to Rs 80 cr; revenue up to Rs 1,332 cr

Jubilant Foodworks Ltd (JFL), which operates fast-food chains Domino's Pizza and Dunkin' Donuts, on Wednesday reported a decline of 39.66 per cent in its consolidated net profit at Rs 80.36 crore for the third quarter ended December 31, 2022. The company had posted a consolidated net profit of Rs 133.19 crore in the October-December quarter of the previous fiscal, Jubilant Foodworks Ltd (JFL) said in a regulatory filing. Its revenue from operations during the quarter was up 10 per cent to Rs 1,331.81 crore as against Rs 1,210.77 crore in the year-ago period. According to JFL, "high inflation continues to keep margin under pressure". "The increase in revenue was primarily driven by growth in orders for Domino's. The Domino's Like-for-Like growth came in at 0.3 per cent. The Delivery channel registered 9.9 per cent growth led by orders partially offset by a decline in the ticket. The Dine-in and Takeaway channels combined registered 9.8 per cent growth driven by an increase in ticket

Too early to bet on rural recovery; stay selective on FMCG stocks: Analysts

In their quarterly update, Godrej Consumer Products, Dabur, and Marico witnessed sluggish growth in the December quarter (Q3) driven by poor rural consumption and a slowdown after the festival season

Jubilant FoodWorks lines up Rs 900 cr capex plan for next 12-18 months

In a regulatory filing, the company said capex of Rs 900 crore would be funded entirely through internal accruals over a period for 12-18 months

Jubilant FoodWorks brings American chicken brand Popeyes to Chennai

The company inaugurated its first restaurant in Bengaluru, which was followed by rapid expansion to 12 restaurants across the city in less than a year

Jubilant still upper crust even as near-term margins slice up stock

Aggressive store expansion, new menu choices ought to boost growth for QSR