Jubilant FoodWorks Ltd (JFL) continued to trim its Dunkin Donuts’ chain in Jan-Mar quarter, even as it continued to expand its flagship Dominos pizza chain.
The food service company, which opened its first Dunkin Donuts store in New Delhi in 2012, has been cutting down its Dunkin Donuts outlets for the last several years in an effort to focus on kiosks and small stores.
The number of Dunkin Donuts stores, which stood at 77 in 2016, has fallen to 31 at the end of March. It shut one Dunkin store during the quarter and 7 during the full year.
Meanwhile, it continued to expand Dominos, the country’s most popular Pizza brand by far. The Noida-based company opened 30 new Dominos outlets in Jan-Mar, taking the total number of pizza outlets run by the company to 1,227, including the 102 added in the year ended March.
The brisk expansion was partly responsible for a 18.4% growth in the company’s sales for Rs 3,530 crores in FY 2019.
“Lapping our strongest quarter from last year, we delivered a robust revenue growth of 10.9% in Q4. We closed the year with revenue growth of 18.5% for FY19, driven by a 7-year high same-store sales growth of 16.4%. We are confident that Domino‟s will continue to drive strong growth in the year ahead”, said Shyam S. Bhartia, Chairman, JFL.
Operating revenues for the full year was at Rs 3,530 crore, up by 18.5% from last year, driven by strong same store growth of 16.4% in Domino’s Pizza.
Meanwhile, customers continued to shift to online ordering. Dominos online sales contributed to 75% of the total delivery sales in the January-March quarter as compared to 65% in the same quarter last year. Ordering food via mobile applications contributed to 88% of the total online orders in the fourth quarter.
Jubilant Foodworks Ltd, part of the Jubilant Bhartia Group, operates Domino’s Pizza brand in India, Nepal, Sri Lanka and Bangladesh and Dunkin Donuts in India. The company has over 1,220 Domino’s outlets in more than 273 cities worldwide. It also has 32 Dunkin Donuts outlets in India.