JFL to open 100 Domino’s outlets this fiscal

Jubilant FoodWorks Ltd (JFL) recently announced rapid expansion of Domino’s Pizza outlets. JFL runs Domino’s through a master franchise set-up. JFL posted a 39.63 per cent rise in profit at Rs 32.34 crore for the first quarter ended June 30, 2012 mainly on account of higher sales. The initial plan was to open 90 Domino’s Pizza outlets this fiscal which has now been revised to 100 outlets because of favourable first quarter results. There are plans to open 5-6 stores in Sri Lanka as well and gradually take this count up to 30 in the next five years. Further on, JFL also showed interest in entering Bangladesh within the next eight months. Jubilant FoodWorks Ltd. also runs three Dunkin' Donuts restaurants in the country and plans to have 10 restaurants by the end of this fiscal and is planning to open 100 Dunkin’ Donuts stores within the next five years.