Feb 9, 2021
Jubilant FoodWorks is awaiting relaxations in dine-in restrictions imposed by the government for the restaurant industry similar to that for multiplexes to ramp up growth. Jubilant FoodWorks, which operates Domino’s Pizza and Dunkin’ Donuts chains in India reported a 21.71 percent increase in consolidated profit at Rs. 123.91 crore in the third quarter ended December 2020.
Pratik Pota, Chief Executive Officer and Wholetime Director, Jubilant Foodworks Ltd., said, “At present, the dine-in capacity at restaurants is constrained at 50 percent to prevent the spread of COVID-19. Jubilant is following all COVID SOPs being followed assiduously as dine-in demand coming back very strongly. Recovery is slow in dine-in business remains because of restrictions on seating capacity in restaurants. On the dine-in channel specifically, the constraint is more on supply than demand. That (restrictions) is what has held back the recovery significantly”.
Pota said the company opened 50 new Domino’s stores in the third quarter this year, the highest-ever in a quarter.