Jubilant FoodWorks to Invest Rs 750 Crore Capex in FY23, Expanding Domino's and Popeyes Presence
Jubilant FoodWorks to Invest Rs 750 Crore Capex in FY23, Expanding Domino's and Popeyes Presence

Jubilant FoodWorks, the company responsible for operating Domino's Pizza in India, intends to allocate Rs 750 crore for capital expenditure during the current fiscal year.

The funds will primarily be used to establish approximately 220 new outlets and support other expansion initiatives.

Sameer Khetarpal, the Managing Director and CEO of Jubilant FoodWorks, revealed that the company aims to introduce 30 to 35 additional Popeyes restaurants in the ongoing financial year, increasing the total store count to 50.

Presently, the company operates 18 Popeyes outlets.

According to a statement given to PTI, Jubilant FoodWorks plans to invest approximately Rs 200 to Rs 250 crore in constructing new factories and Rs 500 crore in store expansion annually.

This translates to a total capital expenditure ranging from Rs 700 crore to Rs 750 crore per year. In the current year, the company aims to open around 200 to 220 Domino's outlets and 32 to 35 Popeyes restaurants.

Jubilant FoodWorks possesses the sole master franchise rights granted by Domino's Pizza Inc.

Jubilant FoodWorks has been authorized to develop and manage the Domino's Pizza brand in India, Sri Lanka, Bangladesh, and Nepal. However, the company has yet to commence operations in Nepal.

Presently, Jubilant FoodWorks operates a vast network of more than 1800 Domino's restaurants spanning across 393 cities.

Sameer Khetarpal emphasized that the company solely owns all of these stores and has no intentions of pursuing any alternative models.

He explained that the company's decision to own and operate the stores at the company level is driven by the fact that it generates a significant return on capital and delivers excellent returns to its shareholders.

In the fiscal year 2023, Jubilant FoodWorks reported revenues from operations amounting to Rs 5,096 crore, along with a net profit of approximately Rs 403 crore.

 
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