Profitability pushes Jubilant to reduces Dunkin' Donuts' store size

Dunkin', is renowned international coffee and bakery chain famous for its 100% premium Arabica coffee and delightful selection of bakery items like donuts and ready-to-eat snacks, has declared the inauguration of its inaugural Lucknow outlet.

Dunkin' has over 13,500 locations across 50+ countries that merges aspiration and accessibility, recognized for its vibrant orange branding, taste, and relaxed store atmosphere.

Dunkin's success stems from its globally inspired menu, captivating the young at heart, with recent additions like the Dunkachino range and Christmas pudding Donut.

Dunkin's latest store aims to transcend the typical coffee destination.

Elevating the customer journey, the brand enriches experiences through engaging store environments while ensuring convenience through delivery and takeaway services.

As the brand further extends its footprint in India, the Lucknow outlet at Lulu Mall signifies another significant achievement in Dunkin's Indian venture, contributing to its triumph in presenting a delightful fusion of global and regional culinary delights.

Owners of Dunkin Brands, Buffalo Wild Wings and Baskin Robbins, Inspire Brands has appointed Natalie Rothman as Chief People Officer.

Rothman joins Inspire from Advance Auto Parts, where she was EVP, Chief Human Resources Officer, and oversaw all aspects of HR and team member development including a focus on in-store team members.

Natalie also led HR for Pepsi’s global foodservice division with 5,500 team members around the world, leading talent strategy and creating a center of excellence for training, talent development and organizational design.

“As Inspire continues to grow, leaders like Natalie will help us realize the full potential of our dynamic and diverse workforce,” said Paul Brown, Co-founder and Chief Executive Officer, Inspire by adding that Natalie’s experience in building and developing teams, as well as her ability to strengthen culture and ultimately attract top talent will be instrumental in the brand’s growth.

Rothman will begin working at Inspire’s Atlanta Global Support Center in late May and will lead all aspects of the company’s HR functions. She replaces Melissa Strait, who announced in January that she would be departing the company after 40 years of service.

“Joining Inspire at this stage in the company’s journey is an incredible opportunity. Much of the foundation and groundwork has already been set within Inspire’s HR function and I’m looking forward to taking what has been built to the next level,” she added.

Rothman will join the Executive Team of Inspire and report directly to Brown.

Inspire is a multi-brand restaurant company whose portfolio includes more than 32,000 Arby’s, Baskin-Robbins, Buffalo Wild Wings, Dunkin’, Jimmy John’s, and SONIC Drive-In locations worldwide. The company was founded in 2018 and is headquartered in Atlanta, Georgia.

Jubilant FoodWorks Ltd reported a 40% slump in third-quarter profit as higher expenses outweighed a rise in orders at restaurants run by the Indian franchisee of Domino's Pizza and coffee chain Dunkin' Donuts.

After the results were announced, the company's shares dropped 8.8% to a more than eight-month low of 444.1 rupees.

According to the corporation, the combined earnings for the three months ending in October and December fell from 1.34 billion rupees to 803.6 million rupees ($9.82 million).

Sales increased 10% to 13.32 billion rupees, led by an increase in Domino's order volume.

As a result of historically high inflation, margins were compressed, according to Jubilant CEO Sameer Khetarpal.

Jubilant's overall expenses increased by more than 18% as a result of higher cheese and vegetable prices.

Jubilant's ambitious expansion into country's smaller towns and cities over the past few quarters has further hurt its profit margins.

During the quarter, the firm opened 64 restaurants in India, entering 16 new cities, and also holds the franchise rights for Popeyes locations across the continent.

India is Domino's second-largest market after the United States - where it is a delivery-first business - accounts for a sizeable percentage of topline.

According to analysts, the American brand owns more than 70% of the Indian pizza market.

From 26.4% last year to 22% this year, the earnings margin before interest, taxes, depreciation, and amortisation decreased.

Rival Westlife Foodworld Ltd reported a 74% increase in quarterly profit on Tuesday. The company manages McDonald's franchises in west and south India.

According to Reuters, Jubilant had explored moving some of its operations away from the food delivery services Swiggy and Zomato in July of last year.

One of India’s largest foodservice company Jubilant FoodWorks Limited has shared the joining announcement of its new CEO and Managing Director – Sameer Khetarpal.

Shareholders have also approved his appointment in the 27^th Annual General Meeting of the Company convened on August 30, 2022.

Khetarpal succeeds Pratik Pota.

Sameer has served in numerous senior leadership roles during his 25-year career in sectors like e-commerce and management consulting, and joins Jubilant from Amazon.

Over the last 6.5 years at Amazon, he has conceptualized, launched and scaled several businesses like Amazon Fresh, Amazon Food and Amazon Pharmacy. He has built these businesses with world-class supply chain infrastructure, deeply embedded with technology and several inorganic investments and partnerships.

Prior to Amazon, he served as a Partner at McKinsey and Company, where he served several hi-tech clients on topics related to business building and transformation, and was instrumental in building data driven service lines used by several Fortune 500 companies. Sameer has previously worked with GE Capital and Hindustan Unilever.

Throughout his career, Sameer has been driven by a passion to serve customers and build businesses by leveraging technology.

In India, JFL has a strong and extensive network of 1,625 Domino’s restaurants across 349 cities. In Sri Lanka and Bangladesh, the Company operates through its 100% owned subsidiary which currently has 36 and 10 restaurants respectively. JFL also enjoys exclusive rights to develop and operate Dunkin’ restaurants in India and Popeyes restaurants in India, Bangladesh, Nepal and Bhutan. JFL currently operates 25 Dunkin’ restaurants across 8 Indian cities and 6 Popeyes restaurants in Bengaluru.

In 2019, JFL launched its first owned-restaurant brand ‘Hong’s Kitchen’ in the Chinese cuisine segment which now has 14 restaurants across 4 cities. In 2020, it launched Ekdum! another new owned-restaurant brand which serves Biryani category. Ekdum! has 6 restaurants across 3 cities. The Company has also forayed into the ready-to-cook segment with its ‘ChefBoss’ range of sauces, gravies and pastes.

American multinational coffee and doughnut chain Dunkin’ Donuts is opening its first drive-thru only location.

Located at Conway, South Carolina, the store is set to open early this month as per a report in MyHorryNews.

The Dunkin' On-the-Go store, owned by franchisee Dave Staley, also serves walk-up customers.

"A Dunkin' On-the-Go is a drive-thru and walk-up location only, allowing guests to run on Dunkin' faster and more conveniently than ever before," Lindsay Haynie, a Dunkin' spokesperson, told the news outlet.

The outlet will have complete Dunkin menu and a wide array of will still feature of seasonal delicacies.

"Whether guests are traveling to the beach from Eastern North Carolina or running errands around town, this location makes it easy to pull in, order their favorite cup of coffee and get back on their way without ever leaving their car," she added.

Owners of Dominos Pizza and Dunkin Donuts in India, Jubilant FoodWorks (JFL), on Friday said its board will next month consider a proposal of splitting the equity shares of the firm. 

The board, in its scheduled meeting to be held on February 2, 2022, will consider a proposal for "alteration in the capital of the company by sub-division/ split of existing equity shares of the company having face value of Rs 10 each, fully paid up."

Shares of the company closed 0.35 per cent down at Rs 3,931.80 on BSE on Friday.

The board would also consider the standalone and consolidated financial results of the company for the quarter ended December 31, 2021, JFL said in a regulatory filing.

JFL, part of the Jubilant Bhartia Group, is India's largest food service company that currently operates more than 1,435 outlets for Domino's Pizza, Dunkin Donuts and Hong’s Kitchen.

It also has franchise rights for Popeyes, an American multinational chain of fried chicken fast-food restaurants, for India, Bangladesh, Nepal and Bhutan markets.

Owners of Domino’s Pizza and Dunkin Donuts in India, Jubilant Foodworks Limited (JFL), has announced that it will acquire Netherlands-based Fides Food Systems, for GBP 24.80 million through its wholly owned subsidiary - Jubilant Foodworks Netherlands BV.

Also Read: Owners of Domino's in India Jubilant Foodworks forms subsidiary in Netherlands

Fides holds 32.81% equity shares in DP Eurasia NV, which is the exclusive master franchisee of Domino’s Pizza in Turkey, Russia, Azerbaijan and Georgia. DP Eurasia (together with its subsidiaries) offers pizza delivery and takeaway/ eat-in facilities at 771 stores.

“We have been partners with Domino’s in India for more than twenty-five years; with that experience we hope to add value in DP Eurasia’s business and also create value for our shareholders,”  said Shyam Bhartia, Chairman, JFL.

Jubilant Foodworks Netherlands BV and Jubilant Foodworks Ltd, acting as a guarantor for investment obligation of its wholly owned subsidiary, has entered into the purchase agreement with Turkish Private Equity Fund II LP, which is the sole member of Fides.

May Interest: “Jubilant FoodWorks now among top 100 companies by Market cap”, tweets Pratik Pota

Jubilant operates 1,314 Domino’s Pizza restaurants apart from chinese cuisine brand Hong’s Kitchen, biryani brand Ekdum and a ready-to-cook range of sauces, gravies and pastes under the label ChefBoss.

Owners of Domino's Pizza and Dunkin' Donuts chains in India, Jubilant FoodWorks, on Tuesday announced that it has formed a wholly owned subsidiary in the Netherlands to explore business opportunities in the food service industry in the European country.

Also Read: “Jubilant FoodWorks now among top 100 companies by Market cap”, tweets Pratik Pota

"Jubilant Foodworks Ltd has incorporated a wholly owned subsidiary company "Jubilant Foodworks Netherlands B.V." on February 15, 2021. (It has been) incorporated as a wholly owned subsidiary of the company for exploring business opportunities," said Jubilant in a regulatory filing.

However, it did not share more details about the new venture.

Jubilant also started Chinese cuisine restaurant Hong's Kitchen and biryani restaurant Ekdum! Biryani.

May Interest: Jubilant Foodworks to invest Rs 92 Crore in Barbeque Nation, acquire 10.76% Stake

In December 2020, it also acquired 10.76 per cent equity stake in Barbeque-Nation Hospitality Ltd for Rs 92 crore.

Jubilant FoodWorks reported a 21.71 per cent increase in consolidated profit at Rs 123.91 crore in the third quarter ended December 2020.

Owners of Domino’s pizza and Dunkin Donuts in India Jubilant FoodWorks enter the list of top 100 companies by average market cap for the period July-December 2020.

“Jubilant Foodworks enters the list of Top 100 companies in India by average Market Cap for the period July-December 2020. We were at Rank 229 in 2017. #DominosFoodSoldiers @amfiindia,” Tweeted Pratik Pota, CEO, Jubilant FoodWorks on Thursday.

Also Read: Jubilant FoodWorks enters into biryani biz with 'Ekdum'

Jubilant has become one of the first company in Indian hospitality sector that has recovered from the covid-19 pandemic loss. The company has been focusing a lot on opening new outlets, entering new geographies and also venturing into new segments by opening a Chinese and a biryani brand.

In December, the QSR major has also bought 10.76% stake in casual-dining chain Barbeque Nation for Rs 92 crore.

Also Read: Jubilant Foodworks to invest Rs 92 Crore in Barbeque Nation, acquire 10.76% Stake

Jubilant runs 1,264 Domino’s Pizza restaurants across 281 cities with exclusive rights to develop and operate the pizza chain in India, Sri Lanka, Bangladesh and Nepal. It also operate 26 Dunkin’ Donuts restaurants in eight Indian cities.

Jubilant FoodWorks that operates Dunkin' Donuts in India is planning a kiosk model for coffee and doughnut chain.

The group is also planning to scale up through the new format.

"Dunkin' Donuts India is using a calibrated pilot to test the new format of restaurants. The company is now evaluating opportunities of growth to build this model. There is continued focus on optimising cost and bringing efficiencies," shared an annual report by the group.

Also Read: Jubilant FoodWorks shuts half of Dunkin Donuts stores, to focus on smaller formats stores

The group also mentioned that they opened 4 restaurants with a smaller format to pilot and test the effectiveness of the format.

Jubilant said  it piloted a "low-capex, small kiosk-based model, serving a combination of beverages, donuts and simple food with faster payback due to low rent and smaller format" for Dunkin' Donuts.

These smaller format stores are 100-200 square feet kiosks, it added.

In 2011, Dunkin' Donuts signed a franchise agreement with Jubilant FoodWorks to develop 500 restaurants across the country over the next 15 years. However, it has closed many outlets in the past few years to cut its losses.

The company operated 1,335 Domino's Pizza Restaurants, 34 Dunkin' Donuts Restaurants and 4 Hong's Kitchen, its home-grown Chinese cuisine restaurant brand, as on March 31, 2020.

May Interest: Jubilant Launches Chinese Restaurant 'Hong’s Kitchen’

The report also mentioned that in the wake of the COVID-19 pandemic, going forward the entire business model of the restaurant industry needs to change and technology, hygiene and safety would become the key elements.

"Restaurants will have to focus on their delivery capacities and add value with initiatives such as special takeout-only menus. Further, contactless delivery will be the way to go. Seating capacity at restaurants is expected to fall to adhere to social distancing norms, which will reduce meal volumes...In the short term, the organised sector will grow faster and the unorganised sector will progressively lose its scale and scope," the company said.

American multinational coffee and doughnut company Dunkin' Donuts has announced the closure of over 8% of its locations in the US.

With this, the coffee chain would permanently shut close to 800 restaurants in the country.

Also Read: PizzaExpress to close over 50 restaurants in UK

It announced the changes in its second quarter earnings, released Thursday. Dunkin' described the closures as "real estate portfolio rationalization" and said the affected locations are in "low-volume sales locations" that only represent 2% of its US sales as of 2019.

More than half of the closures are in Speedway convenience stores, a change it previously announced in February.

Must Read: Coronavirus Effect: Top restaurants shut shops at prominent locations; QSRs welcome guests with contactless dining

These locations are set to be closed by the end of this year.

It has also mentioned that it may close about 350 locations outside of the US.

Dunkin' has partnered with Grubhub, the US leading online and mobile food-ordering and delivery marketplace, to start the rollout of its new Dunkin' Delivers service. In the initial launch, over 400 Dunkin' restaurants throughout New York City's five boroughs will now be offering delivery through Grubhub's New York brand, Seamless.

Going further, Dunkin' and Grubhub will be expanding the Dunkin' Delivers service to restaurants throughout other markets, including in Boston, Chicago and Philadelphia.

Stephanie Meltzer-Paul, Vice President of Digital and Loyalty Marketing, Dunkin' US, said, "Keeping Americans energized with the coffee and food they crave, wherever and whenever they want, is what our guests expect from Dunkin'. By partnering with Grubhub, Dunkin' will be there for more people even when they're staying at home or are busy at work. We've collaborated closely with Grubhub to optimize the service in our initial testing, and we've been encouraged by the strong customer response. We are thrilled to launch Dunkin' Delivers in New York City today and look forward to working with Grubhub to expand the service in additional cities in the months ahead."

Seth Priebatsch, Head of Enterprise at Grubhub, added, "Dunkin' is an iconic, beloved brand that has long been a daily ritual for millions of people. The chance to help Dunkin' extend their reach by bringing their signature coffees, donuts and more to Grubhub and Seamless customers marks an exciting moment for both of our companies. By deepening our relationship through our direct POS integration, we're able to create the most efficient process, ensuring that both in-store operations run smoothly and that customers get their favorites delivered in the fastest way possible."

Dunkin' Donuts is planning to rebrand itself by dropping 'donuts' from its name. The new branding would be effective from January.

The move comes as part of CEO Dave Hoffman's plans to bring beverages and breakfast meals to the forefront of the restaurant chain's menu.

The company said, "The new branding conveys the company's focus on serving great coffee fast while retaining its familiar pink and orange colors and iconic font."

David Hoffman, CEO of Dunkin' Brands, said, "Our new branding is a clear signal that there's something new at Dunkin'. It speaks to the breadth of our offerings."

In the recent quarters, the sales of the company have been powered by breakfast and beverage items.

American doughnut and coffeehouse chain, Dunkin Donuts has closed more than half its stores in India over the last two years and is now focusing on small stores and kiosks to cut losses.

Jubilant FoodWorks Ltd (JFL), the listed franchisee partner of Dunkin Donuts in India, confirmed the downsizing and said the company has already halved losses on the US doughnut chain in the June quarter and is looking “to break even as we exit this year.”

“We have shut our most unprofitable stores, cut back on restaurant operating costs and overheads, focused on core categories, and launched innovations including tea, to drive growth,” a JFL spokesperson said.

As of June end, the company has brought down store count by more than half to 37 from 77 stores two years earlier.

JFL, which also holds the exclusive franchise rights of bigger quick service restaurant (QSR) brand Domino’s Pizza, reported more than three-fold increase year on year in its net profit for the quarter ended June 30, riding on Domino’s. It reported 25.9% year-on-year increase in same store sales growth for Domino’s, riding on every day value pricing and product upgrades.

JFL opened 13 Domino's restaurants in the June quarter, taking its restaurants count to 1,144, while it set up only one new Dunkin Donuts store. Which opened the country’s first Dunkin Donuts store in May 2012.

Two officials in the know of the matter said JFL now plans formats such as kiosks and carts at high footfall places, besides catering.

Asked about this, the company spokesperson said, “We are experimenting with smaller format stores that have a lower cost structure and are adequate for our portfolio.”

JFL chief executive Pratik Pota had on an earnings call late last month said, “We are on track to achieve breakeven as we exit the current financial year for Dunkin Donuts. Reduction in losses have been driven by disciplined cost cutting, store operating costs where we have tightened manpower and labour, shrinkage in store network, and optimisation of overheads.”

Quantum of losses for Dunkin Donuts had halved on a quarter on quarter basis with the impact on JFL’s EBITDA at 55 basis points for the June ‘18 quarter, down from 106 bps in the fourth quarter of the previous financial year, Pota said.

Jaspal Sabharwal, a private equity veteran and cofounder of digital collaborative food industry platform Tag Taste, said, “Dunkin Donuts was a good pick for the breakfast and all-day caffeine market, but our demand mix doesn’t include any breakfast business compared to developed markets, where demand occasions are evenly spread out. JFL very well understands this, hence their decision to pause and recalibrate.”

Sabharwal said latent demand opportunities are the most in the Asian/ Chinese QSR space, followed by desserts, and then the breakfast space which has a five-seven year horizon.

Sanjay Parashar, proprietor one of the first leased-out stores of Dunkin Donuts in the country, said, “While features such as non-fried food and dry kitchens were key differentiators for Dunkin Donuts, these didn’t click with the masses. Besides, a lot of consumers don’t have a preference to just doughnuts when they make eating out choices. Since Dunkin’ was identified as a doughnuts place, they took a beating… It couldn’t carve its niche.”

Responding to an analyst question on whether JFL would wind down the Dunkin Donuts business further, Pota said: “As we exit the year, we will breakeven. This will be our first milestone, but we would also have a line of sight to work for a profitable scaling up model. The fundamental space of cafe plus bakery is growing and we believe there’s space for Dunkin' in that context.”

On speculation that JFL is looking for a third brand, the company spokesperson said, “We believe there is a lot of opportunity for growing the Domino’s network both in existing markets and new towns. We are not in any dialogue with other brands for franchising. However, we remain open to exploring new opportunities for growth.”

Domino's Pizza and Dunkin' Donuts chain operator in India, Jubilant Foodworks has posted a net profit of Rs 68.1 crore for the fourth quarter of the financial year 2017-18 ending March 31, the company said in its earnings announcement. The company had posted a net profit of Rs 6.7 crore during the same period last year.

The company reported 27 percent rise in its revenue to Rs 780 crore in the fourth quarter as compared to Rs 612 crore it posted during the corresponding period last fiscal.

For the full year, Jubilant posted a net profit of Rs 206 crore as opposed to Rs 67.2 crore it posted last year.

For the financial year 2017-18, operating revenues stood at Rs.2980 crore, up by 17.1 percent over last year, driven by a full year same-store growth of 13.9 percent in Domino’s Pizza, the company said.

“We are pleased with our performance in Q4 FY 18. Our key strategic initiatives undertaken in the past one year such as the launch of All-New Domino’s, Everyday Value and sharp focus on Digital sales drove strong growth for us, leading to a six-year high of 26.5% SSG for Domino’s Pizza in the quarter," said Pratik Pota, CEO and Whole Time Director at Jubilant FoodWorks.

"In Dunkin’ Donuts, we halved our losses in line with our stated commitment through a focus on Donuts and Beverages and shutting of unprofitable stores. Going forward, we will remain focused on the strategic pillars of Product Quality and Innovation, Value-for-money, Seamless Customer Experience and Digital Technology and are confident that these will help us deliver robust growth," Pota said further.

Jubilant FoodWorks, operator of Domino's Pizza and Dunkin Donuts chain in India reported more than three-fold increase in its net profit at Rs 66 crore for the third quarter ending December 31.

The operator of the biggest pizza chain in the country has posted a revenue growth of Rs 795.20 crore, up 21 percent from Rs 659 crore year on year.

“We are happy to demonstrate a continuing solid performance during the quarter. Our emphasis on driving the key strategic pillars is translating into healthy same-store sales growth YoY while setting the base for consistent growth in line with the potential of the QSR space" shared Shyam S. Bhartia, chairman, and Hari S. Bhartia, co-chairman of Jubilant FoodWorks.

"The lowering in the rate of applicable GST to 5% has allowed us to demonstrate our commitment to deliver the best value proposition as we passed on the benefits of the lower tax rate to the customers. We believe this to be a positive change, one that will impact the restaurant industry favourably," they said further.

According to the company, the same store sales growth in the third quarter of the financial year 2017-18 grew to 17.8 percent as against 3.3 percent it reported during the last financial year.

“We are pleased to report a strong set of results for Q3FY18. Our sharp focus on the consumer through a significantly improved product in the form of All-New Domino’s along with Every Day Value pricing has led to a robust 17.8% SSG for Domino’s” quoted Pratik Pota, CEO and whole time director of Jubilant FoodWorks.

Jubilant FoodWorks, which operates Dominos Pizza and Dunkin Donuts chains in India, has reported strong financial results for the first quarter ended 30June, 2017.

Operating revenues for Q1 FY18 came in at Rs 6788 million, up 11.5% over Q1 FY17. This was driven by a robust Same Store Sales growth of 6.5% in Domino’s Pizza, the highest since Q1 FY16. Overall Profitability also saw significant improvement with EBITDA for Q1 FY18 increasing by 38% to Rs 796 million. The Q1 FY18 EBITDA margin at 11.7% was the highest in the last 8 quarters.

The Profit after Tax in Q1 FY18 stood at Rs 238 million, an increase of 26% over the corresponding period last year. PAT also reflects the adverse impact of Rs 90 million on account of restaurants closure. PAT Margins at 3.5% were the highest since Q1 FY17.

Shyam S. Bhartia, Chairman and Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited said, "We are happy to report a strong, all-round Q1 FY18 performance. We took a number of actions in the quarter towards driving innovation, delivering value and controlling costs, and we are pleased to see that our disciplined focus on driving profitable growth has begun having the desired impact. The performance strengthens our confidence in the underlying growth potential of our brands and the ability of our business model to unleash it."

Pratik Pota, CEO & Whole time Director, Jubilant FoodWorks Limited said, "At the beginning of the quarter, we had unveiled our new strategy for driving profitable growth. Today I am pleased to share encouraging progress in the execution of the strategy as reflected in our strong Q1FY18 performance. Our focus on delivering better Value for money and driving innovation has helped bring back strong growth in Domino’s Pizza. We have also made significant progress towards reducing losses and building a sustainable business in Dunkin’ Donuts. Additionally, our discipline of controlling costs and driving efficiencies has helped improve overall operating margins. Going forward, we will continue to drive the strategic pillars of Product and Innovation, Value, Customer Experience, Technology and Cost Efficiencies."

Dunkin’ Donuts, the world's leading doughnuts, baked goods & coffee chain, has launched ‘Too MUCH BURGERS’ range in India today.

Starting at Rs 100, the burgers are available in four different varieties, including both vegetarian and non-vegetarian offerings.

At present, Dunkin, has its presence across 20 cities in India with more than 60 stores across these cities.

With the new range of burgers, the QSR change wanted to show the real love that foodies hold for the burgers in India.

“When you truly love something, you want just that and nothing else. That's true love. That's why Dunkin' has too little of everything else and TOO MUCH h of just one thing in these burgers. The DD TOO MUCH RANGE OF BURGERS,” said the statement.

he new ranges of burger include; Potato Wedges in Pie, Crispy double corn, Double smoked chicken, Double mutton and Spicy grilled chicken.

After the success for Navratri special food last month, Domino’s Pizza India’s largest pizza delivery chain, launched Double Cheese Crunch Pizzas and Custard Bliss Dessert at “affordable prices” in an industry-first step, reported Business Line.

“The chain is also working on plans to launch three-four new products in the next 12 months,” said S Murugan Narayanaswamy, Senior Vice-President, Marketing.

While Double Cheese Crunch Pizza will cost an additional Rs.85 for the spread, Custard Bliss will cost Rs.49, he said.

Presently, Domino’s has nearly 950 restaurants across 220 towns and cities. It had launched a customised all-vegetarian menu in 164 of these restaurants during the Navratri week in October, mostly in Gujarat and Maharashtra.

Jubilant FoodWorks Ltd based at Noida holds the master franchise for Domino’s Pizza and Dunkin’ Donuts brands in India. Dunkin’ Donuts, which has around 70 outlets in the country, recently launched a cake with a shelf life of two months.

Domino’s leads pizza chain market with a nearly 72 per cent share, according to the Euro Monitor Consumer Food Service Report, 2015. Overall, Jubilant has an almost 20 per cent market share in the food industry.

After the US, India is the largest market for Domino’s Pizza. Now, Jubilant plans to open 150 new Domino’s and 30 new Dunkin’ Donuts outlets in the country by this fiscal.

Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains in India, reported a decline of 17.65 per cent in standalone net profit at Rs 23.88 crore for the second quarter ended 30th September.

The company had reported a net profit of Rs 29.00 crore in the same period of previous fiscal, reported PTI.

Nevertheless, company's net sales on standalone basis was up 17.20 per cent to Rs 587.29 crore during the quarter under review as against Rs 501.07 crore in the year-ago period, said the company in a BSE filing.

For the six months ended 30th September, JFL's standalone net profit dipped 5.95 per cent to Rs 53.55 crore compared with Rs 56.73 crore in the same period last fiscal.

During its net sales, the first half of the current fiscal increased 18.41 per cent to Rs 1,157.87 crore from Rs 977.81 crore in the same period a year ago.