Profitability of recent initiatives hinges on cost synergies and pace of rollout
Food services major Jubilant FoodWorks has entered into an exclusive master franchise and development agreement with PLK APAC Pte Ltd, a subsidiary of Restaurant Brands International Inc, to develop, establish, own and operate hundreds of Popeyes restaurants in India, Bangladesh, Nepal and Bhutan.The US multinational chain of fried chicken fast food restaurants has more than 45 years of history and culinary tradition. Popeyes distinguishes itself with a New Orleans style menu featuring chicken sandwich, spicy chicken, chicken tenders, fried shrimp and other regional items."We are happy to announce the signing of a multi-country agreement to acquire the exclusive rights to operate and sub-license the iconic Popeyes brand in India and neighbouring countries," said Chairman Shyam S Bhartia and Co-Chairman & Managing Director Hari S Bhartia."Popeyes will be an exciting addition to the Jubilant FoodWorks portfolio and is expected to become one of the key drivers of growth for us in ..
Amid second wave of Covid-19 in India, analysts believe investors will be better off if they avoid QSR, multiplex, or travel-related stocks till the situation improves
Move is expected to result in passive inflows of $89 million (Rs 650 cr) in Tata Consumer. Gail could see outflows of $57 million (Rs 410 cr)
Noting that the deal looks promising in terms of strategic investment, the stock price may have already priced-in the positives, say analysts
Fides is the beneficial owner of 32.81 per cent of equity shares of DP Eurasia NV, which is a public company listed with London Stock Exchange Plc
Jubilant Foodworks operates Domino's Pizza and Dunkin' Donuts chains in India
Jubilant FoodWorks is awaiting relaxations in dine-in restrictions imposed by the government for the restaurant industry similar to that for multiplexes to ramp up growth.
As the Covid impact abates further, the management believes that the company is in for a period of strong, sustained growth in the future
While revenue growth is expected to stay strong, margins could come under pressure in the near term
Operating revenue down slightly, massive closure of outlets due to pandemic affected overall business
The Nifty Pharma index edged up 3 per cent, followed by gains in the Nifty PSB index (up 2.3 per cent), and the Nifty Pruvate Bank index (up 2 per cent)
Food services firm Jubilant FoodWorksoperates Domino 's Pizza and Dunkin" Donuts chains in India
Petitions were listed today before the division bench for hearing, but due to elevation of one of the judges, a change in the roster is expected
Jubilant Foodworks Ltd operates fastfood chains Domino's Pizza and Dunkin' Donuts in India
Valuations, however, are factoring in near-term benefits of growth and consolidation
Jubilant FoodWorks' stock has rallied 8% in the past two trading days
Westlife Development, the company that holds the master franchise in western India and South India for McDonald's, has a market cap of Rs 7,312 crore
Shares of BKIL were locked in the 20% upper circuit band, at Rs 199.25, on the BSE for the third straight day
Market share gains, scaling up of network and takeaway trends to aid revenue growth