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India to become second largest market for Domino’s
Posted On: 03-09-2013 01:03:00 AM

As per a report in Mint, India is likely to become the second largest market for Domino’s Pizza Inc. in the next few years. With 600 Domino’s stores, India is presently the third largest market for the US pizza chain globally by number of outlets, after the US (4,923) and the UK (720).

The brand has been in the country for 17 years approximately. In the past two quarters, growth in stores that have been in existence for at least a year has slowed, reflecting a larger dip in consumer sentiment. Same-store sales growth slipped significantly in the first quarter of 2013-14 to 6.3% from 22.3% in the same three months last year.

Jubilant FoodWorks’s earnings in the year ended March jumped an annual 38% to Rs.1,407.6 crore and net profit rose 28% to Rs.135.1 crore. The company reported a 5% increase in net profit to Rs.34 crore in the June quarter when revenue increased 26% to Rs.396.5 crore compared with the year-earlier period.

 
 
 

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