The company behind the Domino’s brand in India is slowing in the face of competition. Time to look beyond pizza?
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 …
Aakriti used to write at the intersection of public markets and large corporations. She joined The Morning Context from The Financial Express, where she was with the markets team, and before that had started out in business journalism as a correspondent with Reuters.
Writer
aakriti@mailtmc.com
Delhi