Jubilant FoodWorks to open up to 50 Domino’s Pizza, 5 Dunkin’ Donuts outlets in FY18
Indian food franchise, Jubilant FoodWorks today announced the plan to open new Domino’s Pizza and Dunkin’ Donuts outlets in India in FY18. The company projects its quick service restaurant business to grow 22% CAGR by 2021.
- 40-50 new Domino’s Pizza outlets to be opened this year along with 4-5 new Dunkin’ Donuts restaurants.
- Jubilant FoodWorks anticipates 22% CAGR growth rate from its QSR segment by 2021.
- The company has a total of 1,117 Domino’s Pizza stores and 63 Dunkin’ Donuts stores at present.
Master franchise for Domino’s Pizza and Dunkin’ Donuts – Jubilant FoodWorks has announced that it will open new restaurant outlets in India this fiscal.
In an investor presentation the company said, “Plan to reimage around 100 restaurants for a better customer experience. Increased reach of restaurant network to provide better accessibility to the customers.”
A total of nearly 40-50 outlets for Domino’s Pizza and 4-5 new restaurants for Dunkin’ Donuts will be opened by the company in this fiscal year.
“For FY18, the target would be to open around 40-50 new Domino’s Pizza restaurants and 4 - 5 new Dunkin’ Donuts restaurants,” Jubilant FoodWorks said.
Jubilant’s quick service restaurant services garnered Rs 9,130 crore in sale in 2016. This the company said would grow at 22% CAGR by 2021.
“QSR segment is projected to grow at 22% would stand as 48% of total chained market,” the company said.
The company claimed that its total number of stores included 1,117 Domino's Pizza stores plus 63 Dunkin’ Donuts Restaurants, as of 31 March, 2017.
In the presentation the company said that it anticipated a CAGR of 20.1% to Rs 50,950 crore by 2021 from its chained market, which would then contribute 10% of the total.
The company anticipated a total CAGR growth rate of 10% by 2021 to Rs 4,98,130 crore.