In the third quarter of FY24, there was a surge in product releases priced at Rs 149. Over the past year, QSR companies have notably introduced value-oriented options priced between Rs 99 and Rs 179.
Sameer Khetarpal, MD and CEO of Jubilant FoodWorks, said the pizza-chain plans to open 30 to 35 Popeyes restaurants in the current financial year to take the store count to 50.
Hailing from a family that once owned Funfoods, 35 year old Viraj Bahl decided to set up a speciality food venture of his own called Veeba.
During the period, its total income grew 17 percent to Rs 587.5 crore against Rs 501.2 crore on annual basis. Other income in Q2 was lower at Rs 1.6 crore versus 2.1 crore year-on-year.
Ajay Kaul, CEO, Jubilant Foodworks explains how the psychological shift of consumers‘ preference from concept of dine-in to food deliverance is impacting the two businesses individually.
Analysts are expecting a steady quarter but demand may not witness sharp uptick. However, same-store-sales (SSS) growth may be at 2-4 percent in fourth quarter versus a de-growth of 3.4 percent year-on-year. Revenue growth is likely to be further aided by newly added Dominoes and Dunkin stores.
Kalpesh Makwana of Quant Capital expects Jubilant FoodWorks to report a topline of Rs 440 crore and a profit after tax (PAT) of Rs 40 crore.