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KFC operator Devyani International profit slumps on expenses, weak currency  India's Devyani International reported an 84% slump in its quarterly profit on Friday as the domestic operator of Pizza Hut and KFC restaurants was swamped by higher expenses and tepid currency in key market Nigeria. Consolidated net profit fell to 117.6 million rupees ($1.42 million) for the first quarter ended June 30, from 738.5 million rupees in the year-ago period, according to an exchange filing. Devyani said it took a one-off hit of 473.3 million rupees during the repor...
KFC operator Devyani International profit slumps on expenses, weak currency
KFC operator Devyani International profit slumps on expenses, weak currency
Source: Reuters
4/08/2023 2:55:21 PM
Domino's India franchisee Jubilant's profit slumps as expenses weigh Jubilant FoodWorks reported a 74% fall in quarterly profit on Tuesday as the Domino's Pizza's Indian franchisee grappled with higher costs while also spending heavily to expand in the country. Consolidated profit fell to 289.2 million rupees ($3.53 million) for the first quarter ended June 30, from 1.13 billion rupees, a year earlier, Jubilant said in an exchange filing.
Domino's India franchisee Jubilant's profit slumps as expenses weigh
Domino's India franchisee Jubilant's profit slumps as expenses weigh
Source: Reuters
25/07/2023 2:51:49 PM
The world`s cheapest Domino`s pizza is in inflation-hit India. It costs $0.60 Q: How does the world's biggest pizza brand respond to high inflation in the world's most populous nation? A: With the world's cheapest Domino's pizza. The 49-rupee ($0.60) pizza in India, Domino's No.1 market outside America, is the tip of the spear in its fight against rampant inflation that's squeezing profits and pricing out many customers, according to the CEO of its franchisee there. The company wants to "own that price point", said Sameer Khetarp...
The world`s cheapest Domino`s pizza is in inflation-hit India. It costs $0.60
The world`s cheapest Domino`s pizza is in inflation-hit India. It costs $0.60
Source: Reuters
20/07/2023 9:39:52 AM
Everstone in talks to sell stake in India`s Burger King franchisee Private equity firm Everstone Capital is in talks to sell its roughly 41% stake in Restaurant Brands Asia Ltd, the master franchisee of Burger King in India and Indonesia, CNBC Awaaz reported on Thursday. The Singapore-headquartered buyout firm is in talks with Jubilant Foodworks, which operates Domino's in India, as well as a consortium of PE firms Advent International and General Atlantic, the report said. Everstone Capital, through its investment vehicle QSR Asia Pte Ltd, held a ...
Everstone in talks to sell stake in India`s Burger King franchisee
Everstone in talks to sell stake in India`s Burger King franchisee
Source: Reuters
18/05/2023 12:37:13 PM
KFC-operator India`s Devyani`s profit falls on expenses, demand slowdown India's Devyani International Ltd on Wednesday reported a 21% slump in fourth-quarter profit as the KFC restaurant operator saw a jump in expenses and inflation-hit consumers cut back spending on fast food. Consolidated net profit fell to 607.2 million rupees ($7.4 million) for the quarter ended March 31, the local franchisee of U.S.-based Yum Brands said in an exchange filing. Consumers in the world's most populous country have been slammed by high prices of daily essentials fr...
KFC-operator India`s Devyani`s profit falls on expenses, demand slowdown
KFC-operator India`s Devyani`s profit falls on expenses, demand slowdown
Source: Reuters
17/05/2023 1:45:48 PM
Jubilant FoodWorks gains on planning to add 3,000 Domino`s stores in next 12-18 months Jubilant FoodWorks is currently trading at Rs. 512.20, up by 1.50 points or 0.29% from its previous closing of Rs. 510.70 on the BSE. The scrip opened at Rs. 514.65 and has touched a high and low of Rs. 514.65 and Rs. 507.60 respectively. So far 165346 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 756.00 on 20-Jan-2022 and a 52 week low of Rs. 451.60 on 12-May-2022. Last one week high and low of the scrip stoo...
Jubilant FoodWorks gains on planning to add 3,000 Domino`s stores in next 12-18 months
Jubilant FoodWorks gains on planning to add 3,000 Domino`s stores in next 12-18 months
Source: Accord Fintech
20/01/2023 3:07:54 PM
Jubilant FoodWorks surges as its Domino`s Pizza launches 20-minutes delivery across 20 zones in India Jubilant FoodWorks is currently trading at Rs. 531.40, up by 10.55 points or 2.03% from its previous closing of Rs. 520.85 on the BSE. The scrip opened at Rs. 529.80 and has touched a high and low of Rs. 534.45 and Rs. 524.65 respectively. So far 87746 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 805.47 on 14-Jan-2022 and a 52 week low of Rs. 451.60 on 12-May-2022. Last one week high and low of the scrip stoo...
Jubilant FoodWorks surges as its Domino`s Pizza launches 20-minutes delivery across 20 zones in India
Jubilant FoodWorks surges as its Domino`s Pizza launches 20-minutes delivery across 20 zones in India
Source: Accord Fintech
21/12/2022 11:35:50 AM
Retail Sector : Slight EBITDA miss due to RM inflation; Topline growth remained robust : Emkay Global Financial Services For QSRs, Q2FY23 EBITDA was marginally lower by 2-7% vs. street’s expectations, except WLDL, which delivered 6% beat to EBITDA estimates. The miss was primarily driven by elevated wheat/cheese prices, which led to a 100-300bps decline in gross margins across KFC/PH/Domino’s formats. Positive surprise for WLDL was driven by best-in-class SSG performance, as annualized revenue/store grew by ~37% over FY20 (vs. 2-18% for other QSRs). Palm oil prices have moderated, while wheat/cheese...
Retail Sector : Slight EBITDA miss due to RM inflation; Topline growth remained robust : Emkay Global Financial Services
Retail Sector : Slight EBITDA miss due to RM inflation; Topline growth remained robust : Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
23/11/2022 3:15:00 PM
Domino`s to roll out electric pizza delivery fleet with Chevy Bolts in US Pizza restaurant chain Domino's has announced that it will roll out more than 800 electric pizza delivery vehicles with Chevy Bolts, for electrifying pizza delivery in the US. This month, more than 100 custom-branded 2023 Chevy Bolt electric vehicles will be delivered to a few franchise and corporate stores throughout the US, and 700 more will roll out in the coming months. "Domino's launched pizza delivery in 1960 with a Volkswagen Beetle, rolled out the DXP-- a custom-bui...
Domino`s to roll out electric pizza delivery fleet with Chevy Bolts in US
Domino`s to roll out electric pizza delivery fleet with Chevy Bolts in US
Source: IANS
22/11/2022 4:14:01 PM
McDonald's India franchisee Westlife beats Q2 profit view on strong demand BENGALURU - Westlife Foodworld Ltd, which owns the franchise for McDonald's Corp in west and south India, reported a bigger-than-expected second-quarter profit on Wednesday, helped by rising demand. The company reported a consolidated net profit after tax of 315.5 million Indian rupees ($3.9 million) for the September quarter, compared with a loss of 44.2 million rupees a year ago, when there were still some COVID-19 restrictions. Analysts on average had expected a profit of 246.6 m...
McDonald's India franchisee Westlife beats Q2 profit view on strong demand
McDonald's India franchisee Westlife beats Q2 profit view on strong demand
Source: Reuters
9/11/2022 4:06:09 PM
Domino`s India franchisee Jubilant`s Q2 profit rises 10% on dine-in demand Jubilant FoodWorks Ltd, which runs the Domino's Pizza chain of restaurants in India, reported a near-10% jump in second-quarter profit on Tuesday, as people dined out more following the easing of COVID-19 restrictions. Profit rose to 1.32 billion Indian rupees ($16.12 million) in the three months ended Sept. 30, from 1.2 billion rupees a year earlier. "Dine-in and takeaway channels combined witnessed strong year-on-year growth," said the restaurant operator. Restaurants...
Domino`s India franchisee Jubilant`s Q2 profit rises 10% on dine-in demand
Domino`s India franchisee Jubilant`s Q2 profit rises 10% on dine-in demand
Source: Reuters
8/11/2022 4:33:52 PM
Jubilant FoodWorks surges after its arm increases stake in DP Eurasia Jubilant FoodWorks is currently trading at Rs. 642.25, up by 8.50 points or 1.34% from its previous closing of Rs. 633.75 on the BSE. The scrip opened at Rs. 638.15 and has touched a high and low of Rs. 652.20 and Rs. 638.15 respectively. So far 160899 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 915.49 on 13-Oct-2021 and a 52 week low of Rs. 451.60 on 12-May-2022. Last one week high and low of the scrip stoo...
Jubilant FoodWorks surges after its arm increases stake in DP Eurasia
Jubilant FoodWorks surges after its arm increases stake in DP Eurasia
Source: Accord Fintech
6/10/2022 12:13:46 PM
Jubilant FoodWorks inches up on acquiring 29.42% stake in Roadcast Jubilant FoodWorks is currently trading at Rs. 604.70, up by 2.35 points or 0.39% from its previous closing of Rs. 602.35 on the BSE. The scrip opened at Rs. 606.55 and has touched a high and low of Rs. 615.00 and Rs. 603.85 respectively. So far 14945 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 915.49 on 13-Oct-2021 and a 52 week low of Rs. 451.60 on 12-May-2022. Last one week high and low of the scrip stood...
Jubilant FoodWorks inches up on acquiring 29.42% stake in Roadcast
Jubilant FoodWorks inches up on acquiring 29.42% stake in Roadcast
Source: Accord Fintech
27/09/2022 9:57:18 AM
Britannia appoints Varun Berry as executive VC, MD & Rajneet Kohli as CEO Britannia Industries on Friday said that its board has elevated Varun Berry as executive vice-chairman and managing director with immediate effect and also appointed Rajneet Singh Kohli as executive director and chief executive officer. In an exchange filing, the company said that Kohli's appointment will be effective from 26 September 2022 for a perioid of five years and he will report to Varun Berry. He is not debarred from holding the office of director by virtue of any SEBI order or a...
Britannia appoints Varun Berry as executive VC, MD & Rajneet Kohli as CEO
Britannia appoints Varun Berry as executive VC, MD & Rajneet Kohli as CEO
Source: Dion Global Solutions Ltd
26/09/2022 12:29:32 PM
Domino`s India may shift business away from delivery firms Zomato and Swiggy Domino's Pizza India franchise will consider taking some of its business away from popular food delivery apps, Zomato and SoftBank-backed Swiggy, if their commissions rise further, according to a letter seen by Reuters. The disclosure was made by Jubilant FoodWorks, which runs the Domino's and Dunkin' Donuts chain in India, in a confidential filing with the Competition Commission of India (CCI) which is investigating alleged anti-competitive practices of Zomato and Swiggy. J...
Domino`s India may shift business away from delivery firms Zomato and Swiggy
Domino`s India may shift business away from delivery firms Zomato and Swiggy
Source: Reuters
22/07/2022 5:26:32 PM
Domino's India hires global forensic agency to probe hacking After a hacker made 13TB data of nearly 18 crore orders of Domino's India with key details public on the Dark Web, Jubilant Foodworks that owns the master franchise for Domino's Pizza in India sent a letter to users on Tuesday, saying that it has hired a global forensic agency to investigate the matter. Domino's India said it suffered an information security incident on March 24, 2021 wherein its systems were attacked by a hacker. "We moved quickly to contain the breach...
Domino's India hires global forensic agency to probe hacking
Domino's India hires global forensic agency to probe hacking
Source: IANS
26/05/2021 9:38:54 AM
Domino`s Pizza profit, U.S. sales beat estimates as more people dine out Domino's Pizza Inc on Thursday beat Wall Street's expectations for quarterly profit and U.S. sales as the fast food chain benefited from easing dining restrictions as well as accelerated vaccine rollouts in the country. Other fast food chains, including Pizza Hut owner Yum Brands Inc, McDonald's and Chipotle Mexican Grill Inc, have also reported a jump in quarterly revenue, as the industry got a boost from higher consumer spending aided by U.S. stimulus checks. The delivery ...
Domino`s Pizza profit, U.S. sales beat estimates as more people dine out
Domino`s Pizza profit, U.S. sales beat estimates as more people dine out
Source: Reuters
30/04/2021 9:07:52 AM