Jubilant FoodWorks

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Jubilant FoodWorks Limited
Formerly
Domino's Pizza India Private Ltd
Traded asBSE: 533155
NSE: JUBLFOOD
ISININE797F01012
Industry
Founded16 March 1995; 28 years ago (1995-03-16)
Headquarters
Noida, Uttar Pradesh
,
India
Number of locations
1,373 outlets[1] (2020)
Areas served
India, Nepal, Sri Lanka, Bangladesh and Bhutan
Key people
  • Shyam Sunder Bhartia (Chairman)[2]
  • Pratik Pota (CEO)
Brands
ServicesMaster franchisee for Dunkin' Donuts branches in India and Domino's Pizza branches in India, Nepal, Sri Lanka and Bangladesh
RevenueIncrease ₹3,996 crore (US$560 million)[1] (2020)
Increase ₹568 crore (US$80 million)[1] (2020)
Increase ₹278 crore (US$39 million)[1] (2020)
Total assetsIncrease ₹3,370 crore (US$470 million)[1] (2020)
Total equityIncrease ₹990 crore (US$140 million)[1] (2020)
Number of employees
31,514[1] (2020)
ParentJubilant Bhartia Group
Subsidiaries
  • Jubilant FoodWorks Lanka Pvt Ltd
  • Jubilant Golden Harvest Ltd.
  • Jubilant Foodworks Netherlands BV
Websitewww.jubilantfoodworks.com

Jubilant FoodWorks Limited is an Indian food service company based in Noida, Uttar Pradesh which holds the master franchise for Domino's Pizza in India, Nepal, Sri Lanka and Bangladesh, for Popeyes in India, Bangladesh, Nepal and Bhutan, and also for Dunkin' Donuts in India.[3] The company is a part of the Jubilant Bhartia Group, owned by Shyam Sunder Bhartia (husband of Shobhana Bhartia).[4]

History[edit]

The company was incorporated on 16 March 1995 as Domino's Pizza India Private Ltd. and began operations in 1996. It changed its name to Jubilant FoodWorks Ltd in 2009.[5] The company opened India's first Domino's Pizza outlet in New Delhi in 1996.[6]

It was headed by Ajay Kaul since 2005. Pratik Pota became the CEO from April 2017.[7]

On 24 February 2011, Jubilant FoodWorks signed a master franchise agreement with American coffeehouse chain Dunkin' Donuts to operate the brand in India.[8] Jubilant FoodWorks opened India's first Dunkin' Donuts outlet in Connaught Place, New Delhi in April 2012. Jubilant FoodWorks was named "Emerging Food Group of the Year" by The Economic Times in 2012.[9][10]

The company launched its first homegrown brand called Hong's Kitchen, offering fast casual Chinese dining, with the first restaurant opening at Eros Mall in Gurugram on 13 March 2019.[11][12]

On 24 March 2021, Jubilant FoodWorks announced that it had entered into a master franchise and development agreement with Restaurant Brands International to operate Popeyes restaurants in India, Bangladesh, Nepal and Bhutan.[13][14]

Acquistions[edit]

On 1 January 2021, Jubilant FoodWorks purchased a 10.76% stake in Barbeque Nation Hospitality Limited for ₹92 crore.[15] On 19 February 2021, the company announced that it would acquire complete ownership of Netherlands-based Fides Food Systems Coöperatief UA for £24.80 million through its subsidiary Jubilant Foodworks Netherlands BV. The acquisition marks Jubilant FoodWorks entry into the Eurasian market. Fides holds a 32.81% stake in DP Eurasia NV, which is the master franchisee for Dominos Pizza in Turkey, Russia, Azerbaijan and Georgia.[16][17][18]

Domino's Pizza[edit]

India[edit]

The first Domino's Pizza in India opened in New Delhi in 1996.[6] India was Domino's second-largest market in 2019, behind the United States surpassing United Kingdom.[19][20] In December 2014, India became Domino's 2nd largest market.[21] Domino's Pizza operates 1,325 stores in 282 Indian cities as on 31 December 2019.[22]

Domino's began accepting online orders in 2011, and online orders accounted for approximately 18-20% of total sales as of December 2013.[19][20][23]

On 19 March 2014, the 700th Domino's Pizza outlet was opened at HUDA City Centre metro station in Sector-29, Gurgaon, Haryana.[24] The company opened 47 new restaurants between January–March 2014 and 150 outlets in the 2013–2014 financial year.[22] In January 2016, Domino's opened its 1000th outlet.

In 2016, Centre for Science and Environment(CSE) reported that their pizza bread were laced with toxins and carcinogens such as potassium bromate and potassium iodate. Domino's did not respond to the CSE queries Potassium bromate is a Category 2B carcinogen, meaning it can cause liver cancer.[25]

In 2017, live bugs were found in Domino's pizza seasoning sachets in Delhi. A video of the same went viral.[26] [27] This prompted Domino's to stop giving seasoning sachets for some time. When they restarted, they changed the packing from transparent to opaque.

Bangladesh[edit]

Domino's Pizza outlets in Bangladesh are owned and operated by Jubilant Golden Harvest Ltd., a joint venture between Jubilant FoodWorks and the Golden Harvest Group.[28] The first outlet opened in February 2019. There are currently 7 outlets in Dhaka, Bangladesh.[29]

Sri Lanka[edit]

Jubilant FoodWorks Lanka Pvt. Limited, a subsidiary of Jubilant FoodWorks, operates 23 Domino's Pizza outlets in Sri Lanka as on 21 December 2017.[30]

Dunkin' Donuts[edit]

The company opened the first Dunkin' Donuts outlet in Delhi in April 2012. Jubilant FoodWorks operates 32 Dunkin' Donuts outlets in 10 Indian cities as of 31 December 2019.[22] Apart from donuts, Munchkins, and coffee, the chain also serves vegetarian and non-vegetarian hot and cold food.[31]

Hong's Kitchen[edit]

Jubilant FoodWorks launched its first homegrown brand called Hong's Kitchen, offering fast casual Chinese dining, with the first restaurant opening in Gurugram on 13 March 2019.[11][12]

  • A Domino's Pizza outlet in Panaji, Goa

    A Domino's Pizza outlet in Panaji, Goa

  • Domino's outlet in Puri, Odisha

    Domino's outlet in Puri, Odisha

  • Domino's, next to a KFC, in New Market, Kolkata

    Domino's, next to a KFC, in New Market, Kolkata

  • Domino's delivery motorcycles in Noida, Uttar Pradesh

    Domino's delivery motorcycles in Noida, Uttar Pradesh

  • A Domino's delivery man in Delhi.

    A Domino's delivery man in Delhi.

References[edit]

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 "Jubilant FoodWorks Ltd. Financial Statements". moneycontrol.com.
  2. ↑ "Corporate Governance - Board of Directors". Jubilantfoodworks.com. 30 September 2013. Retrieved 28 December 2013.
  3. ↑ [1] [dead link]
  4. ↑ "Jubilant Life Sciences". Jubl.com. 31 March 2013. Retrieved 28 December 2013.
  5. ↑ "Company - Jubilant FoodWorks Limited - JFL | The Company | Food Service Company | Jubilant FoodWorks Limited". Jubilant FoodWorks Ltd. 31 October 2013. Retrieved 15 January 2014.
  6. ↑ 6.0 6.1 "Company History of Jubilant Foodworks". Moneycontrol.com. Retrieved 28 December 2013.
  7. ↑ Bhushan, Ratna (2017). "Jubilant FoodWorks names Pratik Pota as CEO; to succeed Ajay Kaul". The Economic Times. Retrieved 28 August 2017.
  8. ↑ Rasul Bailay (24 February 2011). "Jubilant FoodWorks ties up with Dunkin". Livemint.com. Retrieved 28 December 2013.
  9. ↑ Kretzmann, David (21 December 2013). "How Domino's Is Poised to Benefit From India". Fool.com. Retrieved 15 January 2014.
  10. ↑ "How Domino's Pizza, Inc. (DPZ) Is Poised to Benefit From India". Next iPhone News. 21 December 2013. Retrieved 15 January 2014.
  11. ↑ 11.0 11.1 Tandon, Suneera (13 March 2019). "Jubilant FoodWorks adds Hong's Kitchen in India menu". Livemint. Retrieved 11 April 2020.
  12. ↑ 12.0 12.1 India, Press Trust of (13 March 2019). "Jubilant FoodWorks launches first homegrown eatery brand Hong's Kitchen". Business Standard India. Retrieved 11 April 2020.
  13. ↑ Staff Writer (24 March 2021). "Jubilant FoodWorks sings deal with US-based restaurant brand Popeyes". mint. Retrieved 25 March 2021.
  14. ↑ India, Press Trust of (24 March 2021). "Jubilant FoodWorks to bring US-based fast food chain Popeyes to India". Business Standard India. Retrieved 25 March 2021.
  15. ↑ "Jubilant continues to broaden its food service scope; buys 10.76% stake in Barbeque Nation | Business News". www.timesnownews.com.
  16. ↑ Bhushan, Ratna. "Jubilant Foodworks to acquire Fides Food Systems through Netherlands-based arm". The Economic Times. Retrieved 25 March 2021.
  17. ↑ Bureau, Our. "Jubilant to acquire Dutch firm Fides Food for $35 million". @businessline. Retrieved 25 March 2021.
  18. ↑ Tandon, Suneera (19 February 2021). "Jubilant Foodworks to acquire Fides Food". mint. Retrieved 25 March 2021.
  19. ↑ 19.0 19.1 Kretzmann, David (21 December 2013). "How Domino's Is Poised to Benefit From India". Fool.com. Retrieved 28 December 2013.
  20. ↑ 20.0 20.1 "How Domino's Pizza, Inc. (DPZ) Is Poised to Benefit From India". Next iPhone News. 21 December 2013. Retrieved 28 December 2013.
  21. ↑ Tandon, Suneera (3 February 2015). "Pizza Hut to open 100 outlets in India to counter competition". Livemint.com/. Retrieved 8 January 2019.
  22. ↑ 22.0 22.1 22.2 "Press Release -Financial Results for Q3 & 9MFY2020" (PDF). Jubilantfoodworks.com. Retrieved 11 April 2020.
  23. ↑ Kretzmann, David. "Why Domino's Digital Component Is Important". DailyFinance.com. Retrieved 28 December 2013.
  24. ↑ "Domino's Pizza celebrates another milestone with the opening of its 700th Restaurant in India!" (PDF). Jubilantfoodworks.com. Retrieved 8 January 2019.
  25. ↑ Patel, Deepak (24 May 2016). "KFC, Pizza Hut, Domino's, McDonald's outlets selling toxic breads: CSE study". Business Standard. Retrieved 8 January 2019.
  26. ↑ "WATCH: Delhi man finds live bugs in Domino's Pizza seasoning sachet; video goes viral". Indianexpress.com. 12 September 2017. Retrieved 8 January 2019.
  27. ↑ "Log In or Sign Up to View". Facebook.com. Retrieved 8 January 2019.
  28. ↑ "Jubilant FoodWorks gains with Domino's Pizza witnessing record number of orders in Dhaka". Udaipur News. 25 March 2019. Retrieved 19 April 2019.
  29. ↑ "We are very delighted to announce that our dining is open again!". Domino's Pizza Bangladesh on Facebook. Retrieved 21 August 2020.
  30. ↑ "Domino's opens outlet in Boralesgamuwa". Daily Mirror. Retrieved 9 November 2017.
  31. ↑ "Delights for tough guys & vegetarians". The Economic Times. 15 May 2014. Retrieved 8 January 2019.

External links[edit]

Template:Domino's Pizza Template:Pizza chains

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