Jubilant FoodWorks

Overview

Jubilant FoodWorks Limited

type	Public
traded as	bse: 533155 nse: JUBLFOOD
former name	Domino's Pizza India Private Ltd
isin	INE797F01012
industry	Restaurants Food and Beverage
founded	March 16, 1995
hq location city	Noida, Uttar Pradesh
hq location country	India
num locations	2,096 outlets
num locations year	2024
areas served	India, Nepal, Sri Lanka, Bangladesh and Bhutan
key people	Shyam Sunder Bhartia (Chairman) ‡R1R‡ Sameer Khetarpal (MD & CEO) ‡R2R‡
brands	Domino's Pizza Dunkin' Donuts Popeyes
services	Master franchisee
revenue	▲ inr 82170000000 (FY25)
operating income	inr 3080000000 (FY25)
profit	inr 2170000000 (FY25)‡R3R‡
assets	▲ inr 85270000000‡R4R‡
assets year	2025
equity	inr 21820000000‡R4R‡
equity year	2025
num employees	34,120 ‡R4R‡
num employees year	2024
parent	Jubilant Bhartia Group
subsid	Jubilant FoodWorks Lanka Jubilant Golden Harvest DP Eurasia NV (49.04%)‡R5R‡
website	http://www.jubilantfoodworks.com/

Jubilant FoodWorks Limited is an Indian food service company based in Noida, 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.[6] The company also operates two homegrown restaurant brands called Ekdum! and Hong's Kitchen. Jubilant FoodWorks is a part of the Jubilant Bhartia Group, owned by Shyam Sunder Bhartia (husband of Shobhana Bhartia) and Hari Bhartia.[7]

History

On the recommendation of a friend who owned other foreign pizza licences, Shyam Sunder Bhartia and Hari Bhartia of the Jubilant Bhartia Group entered into a master franchise partnership with

Domino's Pizza

India

The first Domino's Pizza in India opened in New Delhi in January 1996.[10] India surpassed the United Kingdom to become Domino's second-largest market in December 2014, behind the United States.[28][29][30] Domino's Pizza operates 1,995 stores across 421 Indian cities as of September 2024.[31]

Domino's began accepting online orders in 2011, and online orders accounted for approximately 18-20% of total sales by December 2013.[28][29][32] On 19 March 2014, the 700th Domino's Pizza outlet was opened at HUDA City Centre metro station in Sector-29, Gurugram, Haryana.[33] The company opened 47 new restaurants between January–March 2014 and 150 outlets in the 2013–2014 financial year.[34] Domino's opened its 1000th outlet at Unity One Mall, Janakpuri, Delhi in January 2016.[35]

In May 2016, the Centre for Science and Environment (CSE) reported that Domino's pizza bread was laced with toxins and carcinogens such as potassium bromate and potassium iodate. Potassium bromate is a category 2B carcinogen, meaning it can cause cancer.[36] Potassium bromate was banned in India in June 2016.[37] In 2017, a customer in Delhi claimed to have found live bugs in Domino's Pizza seasoning sachets. A video of the same went viral.[38] This prompted Domino's to stop giving seasoning sachets for some time. When they restarted, they changed the packing from transparent to opaque.

Bangladesh

Jubilant Golden Harvest Ltd., a wholly owned subsidiary of Jubilant FoodWorks, operates Domino's Pizza outlets in Bangladesh. Jubilant Golden Harvest Ltd. was established in early 2019 with Jubilant holding a 51% stake, and Bangladeshi company Golden Harvest Group holding the remaining 49%.[39] The first Domino's Pizza outlet opened in Dhaka in February 2019.[40][41] In September 2021, Jubilant FoodWorks exercised its first call option to acquire an additional 39% stake in the joint venture taking its ownership to 90%.[42] Jubilant FoodWorks exercised its second call option to acquire the remaining 10% stake and took complete control of the joint venture in May 2022. The cost of the two call options to acquire the 49% stake was BD. One share in Jubilant Golden Harvest remains with a company nominee in order to comply with Bangladeshi regulations.[43]

There are currently 44 Domino's Pizza outlets in Bangladesh.

Sri Lanka

Jubilant FoodWorks Lanka Pvt. Limited, a wholly owned subsidiary of Jubilant FoodWorks, operates Domino's Pizza outlets in Sri Lanka. The first Domino's outlet opened in Colombo in February 2011.[45] There were 23 Domino's Pizza outlets in Sri Lanka as of December 2017.[46]

Jubilant FoodWorks

History

Acquisitions

Domino's Pizza

India

Bangladesh

Sri Lanka

Dunkin' Donuts

Popeyes

Other brands

Hong's Kitchen

Ekdum!

ChefBoss

External links

References