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Jubilant FoodWorks stays off price hikes to protect its market share

Economic Times

Economic Times · 2d ago

Jubilant FoodWorks stays off price hikes to protect its market share

Jubilant FoodWorks, India's largest quick service operator running Domino's Pizza, has maintained stable pricing for the past 15 quarters to protect market share amid rising competition and demand slowdown. The company focuses on cost management, like renegotiating rents and local sourcing, avoiding price hikes despite inflation. While Domino's leads in the pizza market, competitors like KFC dominate in chicken. Jubilant also promotes value meals and new, affordable menu options to attract customers.

Related News

Jubilant FoodWorks to acquire remaining 51.16% of DP Eurasia for €73.36 million

Livemint

Livemint · 1y ago

Jubilant FoodWorks to acquire remaining 51.16% of DP Eurasia for €73.36 million

Jubilant FoodWorks Netherlands, a subsidiary of Jubilant FoodWorks Ltd, is planning to acquire 51.16% of DP Eurasia, the exclusive master franchisee of Domino's Pizza in Turkey, Azerbaijan, and Georgia, for €73.36 million. The funding for the acquisition will come from a term loan facility provided by HSBC. DP Eurasia is a publicly listed company with 694 pizza delivery stores in Turkey and also operates its own coffee brand. The acquisition will allow Jubilant FoodWorks to benefit from future value upside and support DP Eurasia's growth plans.

Jubilant Group Promoters Sell Shares Worth Rs 1,801 Crore

OutlookIndia

OutlookIndia · 1m ago

Jubilant Group Promoters Sell Shares Worth Rs 1,801 Crore

Jubilant Group promoters, including Jubilant Consumer, sold shares worth Rs 1,801 crore through separate market deals. Jubilant Consumer offloaded 1.06 crore equity shares of Jubilant FoodWorks Ltd, reducing their stake from 41.94% to 40.33%. Promoter entities of Jubilant Ingrevia sold a 6.2% stake, and Jubilant Pharmova's promoters offloaded a 2.06% stake. Buyers included Societe Generale, Morgan Stanley, and various mutual funds. Jubilant Ingrevia's shares rose, while Jubilant Pharmova's fell in value.

Brokerages slash target price on Jubilant FoodWorks despite seven-fold jump in net profit

Money Control

Money Control · 1y ago

Brokerages slash target price on Jubilant FoodWorks despite seven-fold jump in net profit

Jubilant FoodWorks, the operator of Domino's Pizza in India, reported a consolidated net profit of INR 208.2 crore ($28.4 million) for the March quarter, showing a significant increase compared to the same period last year. However, brokerage firms were not impressed with the company's performance and have slashed their target prices. Analysts believe that to improve valuations, Jubilant needs to focus on reviving same-store sales growth, which remains a challenge. Shares of Jubilant FoodWorks have remained relatively flat over the past year, performing much weaker compared to the Nifty 50 index.

Domino’s gets brand refresh in India

Livemint

Livemint · 1y ago

Jubilant FoodWorks, the master franchisee for Domino's Pizza in India, is undertaking a brand refresh for the popular pizza chain. The company plans to upgrade its pizza stores, introduce new packaging, and launch a marketing campaign to position pizza as a preferred choice over traditional Indian food. The brand refresh is already in progress, with around 100 stores operating under the new identity. Jubilant FoodWorks aims to renovate around 100 restaurants by the end of the financial year and eventually cover all Domino's outlets in the rebranding effort.

Jubilant FoodWorks to focus more on Domino’s value offerings

Thehindubusinessline

Thehindubusinessline · 1y ago

Jubilant FoodWorks to focus more on Domino’s value offerings

Jubilant FoodWorks, the leading food services company, plans to focus on offering more value-oriented options for its Domino's brand as the dine-in segment of the quick-service restaurant (QSR) sector slows down. Delivery sales have been outpacing dine-in sales due to convenience and affordability. Jubilant FoodWorks recently opened a Popeyes store and aims to have around 250 stores in the next 4-5 years, with the goal of becoming the fastest QSR chain to reach ₹1,000 crore in India. The company also mentioned that inflation has been high but is expected to soften.

Domino's India operator Jubilant beats Q2 profit estimates on cheaper launches

Reuters · 1y ago

Domino's India operator Jubilant beats Q2 profit estimates on cheaper launches

Jubilant FoodWorks, the operator of Domino's restaurants in India, reported a smaller-than-expected 26% decline in quarterly earnings. The company's net profit fell to 972 million rupees ($11.69 million) in the second quarter, compared to 1.32 billion rupees a year earlier. The launch of cheaper pizzas helped attract more consumers, resulting in better financial performance than anticipated.

Meesho appoints three independent directors

Entrackr

Entrackr · 1y ago

Meesho appoints three independent directors

E-commerce firm Meesho has appointed Jubilant Bhartia Group founder Hari S Bhartia along with three other seasoned business leaders as independent directors. Along with Bhartia, Meesho has onboarded former JP Morgan Chairman Kalpana Morparia and PhonePe non-executive Chairman Rohit Bhagat to its board of independent directors. Bhartia is also the co-chairman of Jubilant Ingrevia Ltd and Jubilant FoodWorks Ltd, the master franchisee of Domino’s Pizza and Dunkin’ Donuts restaurants in India. Before serving JP Morgan, Morparia was at ICICI Bank. In May, Meesho appointed Surojit Chatterjee as an independent director to its board. The development comes at a time when Meesho is in the process of moving its domicile to India from the US. Meesho recently announced an employee stock ownership plan (ESOP) buyback program of Rs 200 crore (approximately $25 million), making it the company’s largest ESOP buyback pool to date.

10 mid-cap gems that children-oriented MFs love to hold for the long term

Money Control

Money Control · 1y ago

10 mid-cap gems that children-oriented MFs love to hold for the long term

Mutual funds are increasingly offering solution-oriented schemes, such as retirement funds and children-oriented funds, which have attracted investors' attention. These children-oriented funds have a lock-in period of at least five years or until the child reaches maturity, providing fund managers with the opportunity to invest in quality mid-cap stocks for the long term. Some of the top mid-cap stocks held by these children's funds include PI Industries, Timken India, Jubilant FoodWorks, Bharat Forge, The Phoenix Mills, FSN E-Commerce Ventures, Info Edge (India), Muthoot Finance, and Endurance Technologies.

Nuvama Wealth acquires shares worth Rs 100 Cr in OYO via secondary market: Report

YourStory

YourStory · 7m ago

Nuvama Wealth acquires shares worth Rs 100 Cr in OYO via secondary market: Report

Nuvama Wealth and Investment Limited has acquired shares worth Rs 100 crore in OYO's parent firm Oravel Stays through a secondary market transaction. The share sale at Rs 53 apiece values OYO at $4.6 billion. Discussions with potential buyers for stake purchases at prices ranging between Rs 53-60 per share are at an advanced stage, potentially valuing OYO at up to $5.2 billion. OYO reported a net profit of around Rs 132 crore in Q1 FY 2025, a turnaround from the previous fiscal year's loss. Moody's Ratings has upgraded Oravel Stays' corporate family rating to B2 from B3.

Tata Mutual Fund launches India’s first tourism thematic fund; should you invest?

Money Control

Money Control · 1y ago

Tata Mutual Fund launches India’s first tourism thematic fund; should you invest?

Tata Asset Management has launched the Tata Nifty India Tourism Index Fund, India's first domestic fund focused on the tourism theme. The open-ended passive scheme aims to replicate the performance of the Nifty India Tourism Index and will invest in the entire value chain of the tourism sector. The fund comprises 17 stocks including InterGlobe Aviation, Indian Hotels, Indian Railway Catering And Tourism Corporation, GMR Airports Infrastructure, and Jubilant Foodworks. India's growing middle class and significant investment in infrastructure are driving the surge in travel and tourism expenditure, making it an attractive investment opportunity. The fund will close on July 19.

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