your password has been reset successfully, Please login again.

Jubilant Food Works may endow Rs. 100 crore in Domino’s Pizza

Jubilant Foods is focusing on Domino's product offerings development and plans to invest Rs 100 crore for the same.
BY BEx Bureau
Aug 09, 2017

Jubilant Food Works Ltd (JFL), the leading giant operating food retail chains like Dominos and Dunkin Donuts in India is in discussions to endow over Rs 100 crore in Dominos within the period of next one year to add new offerings and focus on marketing.

Pratik Pota, CEO of JFL, said, "We will invest nearly Rs 100 crore behind the upgrade. We will offer superior products at the same price points. We believe with this product upgrade, we will expand Domino's franchise."

He further added, "We will absorb this cost from the benefit of input tax credit under GST and cost efficiency."

The company said that there will be no price burden increase for its customers and they will get to enjoy new variety in their products.

The company also plans to add 40-50 more outlets of Dominos all over the country within a year.

Pota responded on the companys plans to shut Domino's Pizza stores: "Our focus is on store profitability. However, we don't expect to close many stores. At present, there are only a handful of outlets that are not profitable".

The company also reported that they have closed down 20 Dunkin Donuts outlets last year.

Pota said while referring to Dunkin Donuts brands that, "Our focus is to reduce our losses in Dunkin' Donuts by half this fiscal year and reach break-even point next year."

Please add your Comment
November 20, 2018
Through this investment, BillDesk will develop new product lines for its payments and loyalty busine ...More
By Vaishnavi Gupta
November 19, 2018
Ananth Narayanan, Chief Executive Officer of Myntra, will continue to lead the team. ...More
By Vaishnavi Gupta
November 16, 2018
This acquisition will help FarEye to reinforced its growth plans to solve challenges for long-haul a ...More
By Vaishnavi Gupta
November 14, 2018
True North has acquired a 75% stake in Shree Digvijay Cement Company Ltd from Brazil-based Votoranti ...More
By Vaishnavi Gupta
November 13, 2018
The investment is made by the firm to boost its capabilities to deliver tech solutions that will hel ...More
By Vaishnavi Gupta
November 12, 2018
With this acquisition, Mphasis will increase its end-to-end capabilities in the public cloud domain, ...More
By Vaishnavi Gupta
November 12, 2018
This acquisition will help Mumbai-listed AGC to add over $600 million in annual revenue and about 3, ...More
By Vaishnavi Gupta
November 09, 2018
The acquisition is in line with the company's strategy to boost the value for its stakeholders throu ...More
By Vaishnavi Gupta
November 03, 2018
Viithiisys, with this acquisition, will expand its product portfolio and list of clients. ...More
By Vaishnavi Gupta
November 02, 2018
Post acquisition, W12 Studios will be a part of TCS Interactive, the digital division of the IT serv ...More
By Vaishnavi Gupta
November 01, 2018
The fresh funds will be used by Turms to expand its product categories, hire tech talent and launch ...More
By Vaishnavi Gupta
October 31, 2018
The funds raised will be used by Duroflex to expand to new markets across India. ...More
By Vaishnavi Gupta