Now Reading: Jubilant sees Popeyes as second growth engine as Domino’s recovers
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Jubilant sees Popeyes as second growth engine as Domino’s recovers
Jubilant sees Popeyes as second growth engine as Domino’s recovers
Jubilant FoodWorks, which operates Domino’s Pizza in India, reported a 6% rise in first-quarter profit on Thursday. Revenue at its Popeyes fried chicken chain jumped 97% to Rs 70 crore. CEO Sameer…
The Story in Brief
Jubilant FoodWorks, which operates Domino’s Pizza in India, reported a 6% rise in first-quarter profit on Thursday. Revenue at its Popeyes fried chicken chain jumped 97% to Rs 70 crore. CEO Sameer Khetarpal said Popeyes is now a second growth engine, with like-for-like sales growth exceeding 40% driven by product innovation and store expansion. The company aims to build Popeyes into a Rs 1,000-crore brand in three to four years.
Domino’s same-store sales grew 2.5% in the June quarter, up from 0.2% in the preceding quarter but below the company’s long-term target of 5%-7%. Khetarpal said the company is making progress in reviving dine-in traffic through dedicated leadership and store promotions. He expects the second quarter to be stronger with the onset of the festive season. Analysts at Motilal Oswal said the QSR sector recovery is gradually strengthening.
The Indian Opinion
The narrative that India’s quick-service restaurant sector is in a tailspin after the West Asia war neglects a more nuanced picture. While LPG price hikes and raw material inflation pinched margins, companies like Jubilant and Devyani International posted profits, and Popeyes’ explosive growth shows demand is alive. The real test is whether Domino’s can sustain its recovery into the festive quarter and deliver same-store sales growth of 5%-7% as promised. Can it turn two good months into a trend?
Sources (2): retail.economictimes.indiatimes.com, livemint.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
