Jubilant FoodWorks Ltd (JFL), the master franchisee of Domino’s Pizza in India and several other markets, with a market capitalization of INR 31,517 crore, announced plans on Wednesday to significantly expand its store network. The company aims to increase its Domino’s Pizza outlets from 2,793 to over 5,500 across six global markets in the medium term. JFL operates in India, Turkey, Bangladesh, Sri Lanka, Azerbaijan, and Georgia.
Restaurant Brands Asia , the franchisee of Burger King India, reported a narrower quarterly loss on Wednesday as it added more outlets in the country and expanded its menu. Burger King India expanded its menu during the quarter to include more chicken items and also offered promotions on certain meals, helping increase footfall at its restaurants and accrue higher average bill values, analysts said. Restaurant Brands, which added 10 Burger King outlets during the period, also benefitted from more people visiting malls, where it has a bigger presence than other fast food chains, they added.