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Oct, 01 2014

Jubilant FoodWorks gains 3.5% on expansion plans

Domino's Pizza opens its first outlet in Gorakhpur and Udaipur, which are popular tourist destinations in Uttar Pradesh and Rajasthan respectively.

Shares of Jubilant FoodWorks are trading per cent higher at Rs 1,267 on the BSE after the company announced the opening of Domino's Pizza outlet in Gorakhpur and Udaipur, as per a Business Standard report.

Domino's Pizza, which covers 72 per cent share in the Indian pizza market, has inaugurated its first outlet in Gorakhpur (Uttar Paradesh) and Udaipur (Rajasthan) which are popular tourist destinations in India.

"Over the last decade, we have been the fastest growing food service company in India and have successfully pioneered innovative concepts and products for the Indian taste palette," said Harneet Singh Rajpal, Senior VP, Marketing, Domino's pizza India.

Dominos’ presently operates over 795 Pizza outlets across 166 cities. Jubilant Food Works and its subsidiaries have exclusive rights to develop and operate Domino's Pizza brand in India, Sri Lanka, Bangladesh and Nepal.

In the last one year, the brand has aggressively expanded its presence in tier II cities of the country, such as Aligarh (UP), Rajamudhry (Andhra Pradesh), Hoshiarpur (Punjab) and Belgaum (Karnataka) amongst others. 

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