Ajay Kaul, CEO, Jubilant Foodworks in an interview to CNBC-TV18 spoke about the financial performance of the company.
Speaking to CNBC-TV18, Jubilant Foodworks' CEO Ajay Kaul said the company had gone in for a 12% price hike in 2011 to beat rising food prices.
Riding on strong numbers, Jubilant FoodWorks is getting aggressive to expand its footprints across India. In an interview to CNBC-TV18, Ajay Kaul, CEO of the company said that they are planning to launch 500 Dunkin' Donuts stores in five years.
Jubilant Foodworks' fourth quarter (January-March) net profit surged 86% year-on-year to Rs 19.3 crore, aided by strong sales at its Dominos Pizza outlets. Ravi S Gupta the CFO & President of Jubilant Foodworks tells CNBC-TV18 that in the next five years around 80 to 100 Dunkin Donuts stores will open for business.
For all you fans of Dunkin' Donuts, there is some good news! The popular chain has signed an exclusive master franchisee agreement with Jubilant Foodworks that also manages the Domino Pizza franchise. Hari Bhartia of Jubilant and Dunkins' Nigel Travis spoke on the exclusive deal that they have inked.
Fast food retail chain operator Jubilant FoodWorks posted 66.7% jump in net profit to Rs 18.95 crore for the quarter ended December 31, 2010, compared to Rs 11.37 crore for the same period last year.