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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The company behind the Domino’s brand in India is slowing in the face of competition. Time to look beyond pizza?
Editor's note: When Sameer Khetarpal took charge as the chief executive of Jubilant FoodWorks, the master franchise holder for Domino’s Pizza in India, his key responsibilities would have included expansion to newer cities, improving same-store sales and increasing the contributions of other brands in the company’s portfolio. Fresh from spending over six years at Amazon, Khetarpal is unlikely to have sweated it on these objectives. Jubilant has a big lead on its peers on most parameters. But there’s one key indicator where Khetarpal isn’t having it easy: the performance of Jubilant’s stock. The stock, which has given investors 2,000% returns since it listed on the bourses in 2010, is down about 30% in the last one year from its peak in February 2022. Since September, when he took the reins, it’s down about 20%. This could be attributed to the prevailing macroeconomic conditions, with the quick service restaurant, or QSR, business bearing the brunt of high food inflation and low consumer spending. Nearly all QSR stocks have taken a beating. But Jubilant, bigger than all of the other companies in the segment, …
The restaurant chain operator has decided not to renew its franchise agreement for the coffee and donut chain in India. This was a long time coming, and it’s only good news for Jubilant and its shareholders.
As a consistent performer—proved once again by its stellar Q3 FY26 results—the QSR giant runs smack dab into a market fixated on its ‘tough base’.
There’s something for both pessimists and optimists in the QSR player’s Q3 results. Right now, it looks like a coin toss where this business will go next, which makes the euphoric market reaction seem out of place.
