Jubilant Foodworks to Invest INR 900Cr To Expand Domino's and Popeye's Outlets

Jubilant Food works announced on Thursday that it will invest Rs.900 crore over the next 12-18 months to expand Domino's and Popeyes outlets, improve digital infrastructure, and add food commissaries, back-end units that service its restaurant kitchens. JFL currently operates 1,701 Domino's restaurants in 371 cities across India. In a stock exchange filing, the company that owns the exclusive master franchise rights to Domino's Pizza

to develop and operate the brand in India, SriLanka, Bangladesh, and Nepal stated that it plans to open 250 Domino's stores in the next 12-18 months, and 3,000 Domino's outlets in the medium term.

The facility, which is expected to cost rs.250 crore, will be operational by the first quarter of FY24

According to the company, the planned Rs.900 crore investment will be entirely funded by internal accruals. According to the statement, Rs.500- 600 crore will go toward stores and upgrading digital infrastructure, while Rs.300 crore will go toward commissaries. In a statement about its Bengaluru commissary, the company stated that the facility, which is expected to cost Rs.250 crore, will be operational by the first quarter of FY24. The announcement comes on the heels of the company's recent move to ensure faster deliveries in parts of India.