Sameer Khetarpal News Today

Jubilant Foodworks Results: Reports multi-fold growth in net profit, exceptional item gains, and record store openings in FY24.

Jubilant Foods Ltd (JFL) CEO and MD Sameer Khetarpal revealed that the company expects its fried chicken brand Popeyes to surpass Rs 1,000 crore in sales within the next 3-4 years. Additionally, JFL, the master franchisor of Dominos, aims to expand its outlets to around 3,000 in the medium term. Khetarpal highlighted the rapid expansion of QSR brands, especially Dominos, due to Indias growing economy and urbanization.

Dominos: Sameer Khetarpal, managing director at JFL said the partnership with the ONDC Network is a “significant milestone and step forward” for Domino’s. T Koshy, managing director at ONDC said Domino’s joining ONDC “is a significant development with the potential to create ripple effects for the foods and beverages category on Open Network.

Jubilant FoodWorks Ltds Ebitda for the quarter was ₹280 crore, a decrease of 2.2%. The company reported sustained growth in delivery, highest ticket in nine quarters, and cost optimization for investments behind category development.

Sameer Khetarpal, managing director at JFL said the partnership with the ONDC Network is a “significant milestone and step forward” for Dominos. T Koshy, managing director at ONDC said Dominos joining ONDC “is a significant development with the potential to create ripple effects for the foods and beverages category on Open Network.

Volume growth in rural markets is likely to be either flat or may see a minor dip year-on-year, lagging volumes in urban markets

'While Domino’s is a leader in pizza category, through ‘It Happens Only with Pizza’, we intend to target consumers' mindshare to gain and grow share of pizza occasions,' says Sameer Khetarpal, MD and CEO, Jubilant FoodWorks

Dominos Pizza in India, operated by Jubilant FoodWorks (JFL), is intensifying its efforts to address growing competition from gourmet pizzerias and regional pizza players. To counter the competition, Dominos is introducing new premium cheese varieties, toppings, and sauces for its gourmet range. The company is also increasing sampling of gourmet pizzas in its top-10 markets.

Dominos has got a makeover with This happens only with pizza campaign to boost sales

JFL also announced the appointment of Suman Hegde as its executive vice president and chief financial officer on Tuesday. Hedge will be moving from Hindustan Unilever in her role as vice president of finance - beauty, wellbeing and personal care, South Asia. Hedges appointment is effective from March 1, 2024