Now Reading: Popeyes becomes Jubilant’s second growth engine as Domino’s recovers
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Popeyes becomes Jubilant’s second growth engine as Domino’s recovers
Popeyes becomes Jubilant’s second growth engine as Domino’s recovers
Jubilant FoodWorks, the operator of Domino's Pizza in India, reported a 6% rise in first-quarter profit on Thursday, helped by growth in its core business and store expansion. Its Popeyes fried chicken…
The Story in Brief
Jubilant FoodWorks, the operator of Domino's Pizza in India, reported a 6% rise in first-quarter profit on Thursday, helped by growth in its core business and store expansion. Its Popeyes fried chicken chain is emerging as a second growth engine, with like-for-like sales growth exceeding 40% driven by product innovation and new openings. The company aims to build Popeyes into a Rs 1,000 crore brand over the next three to four years.
At Domino's, like-for-like sales grew 2.5% in the June quarter, up from 0.2% in the preceding quarter but still below the company's long-term annual target of 5-7%. Chief Executive Sameer Khetarpal said the focus is on reviving dine-in traffic, with early signs of success from promotional programmes and dedicated leadership. He remains confident of returning to the target range citing improving demand trends.
The Indian Opinion
Some analysts cheer the Popeyes pivot as Jubilant's saviour, but the Rs 1,000 crore brand target over four years is ambitious for a chain with just a few dozen outlets. Meanwhile, Domino's same-store growth of 2.5% is still half the long-term goal; calling it a 'turnaround' may be premature. The real test will be whether Domino's can hit the 5-7% range consistently in the next two quarters, or if Popeyes will remain a side dish.
Source: retail.economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
