Jubilant FoodWorks Limited (JFL), India’s largest food services company, reported its financial results for the quarter and nine months ended 31 December, 2014.
Jubilant FoodWorks Limited (JFL), India’s largest food services company, reported its financial results for the quarter and nine months ended 31 December, 2014. A growing network of 844 restaurants of Domino’s Pizza across 185 cities in the nation, along with a rich and balanced menu has enabled the brand to become the largest market for Domino’s Pizza worldwide, outside the USA, surpassing the UK restaurant count.
Commenting on the performance for Q3 & 9M FY15, Shyam S. Bhartia, Chairman and Hari S.Bhartia, Co-Chairman, Jubilant FoodWorks Limited said, “We have moved forward confidently towards our goals in the light of testing industry and macro scenarios. Our positive sales momentum reflect the success of several company-wide initiatives that we considered to be in the best interest of the long-term growth of our company. Thus we concentrated our efforts on expanding restaurant network, amplifying infrastructure support and focusing on creating new and varied menu experiences through our brands, Domino’s Pizza and Dunkin’Donuts. Dunkin’ Donuts national expansion continues steadily with a new improved restaurant image and impactful new city launches. Dunkin’ was welcomed in all the four new cities that the brand entered in Q3 with strong consumer enthusiasm and long lines of consumers waiting to get their first taste of the brand. Going ahead, we are looking at the future with excitement as we embark on the next phase of growth in our journey.”
Ajay Kaul, CEO, Jubilant FoodWorks Limited said, “In Q3 FY15, we witnessed a healthy growth in our topline and profitability. We have clearly emerged as a stronger company as we maintained investments in our brands, infrastructure systems and people in order to better serve our customers and build competitive advantage. We were successful in restoring our SSG growth for Domino’s business, with Q3 reporting 1.9 percent, led by customer centric propositions and intensified marketing efforts. JFL today is deeply engaged with the Indian consumer with its leading brands Domino’s Pizza and Dunkin’ Donuts across 18 cities for Dunkin’ Donuts. While each brand is in a different stage in its growth cycle, we foresee immense potential for further penetration and are committed driving growth.”