Dunkin' employees had acknowledged prior issues with the malfunctioning toilet when the incident took place.
In an amusing instance, a diabetes centre opened above a Dunkin Donuts branch in Bengaluru. A picture of the same was shared by the CEO of Ola Bhavish Aggarwal on X (previously known as Twitter).
The American restaurant company refused to extend the long-term contract of its former development agents in India, despite assurances to do, the agents claim.
Anupa Kujur is in conversation with Moneycontrol's Uttaresh Venkateshwaran to discuss everything you need to know about the issue.
Same-store-sales growth at negative 3.3 percent was much ahead of analysts' estimates of negative 5-6 percent for the quarter, against negative 5 percent in previous quarter and growth of 2 percent in year-ago quarter.
Its net sales, however, grew by 13.27 percent to Rs 665.54 crore during the quarter under review as against Rs 587.53 crore in the year-ago period, the company said in a BSE filing.
After Domino's Pizza and Dunkin' Donuts franchise owner analysts meet Motilal Oswal says that second quarter of FY17 will surely be positive due to launch of Burger Pizza. It says the management has assured that working with vendors will drive efficiencies in supply chain.
The company has said it has initiated process of identifying his successor but Kaul‘s exit may not go well with investor as he was perceived as architect of strong supply chain and operation excellence.
Jubilant FoodWorks today said its CEO and Whole-time Director Ajay Kaul will resign to pursue opportunities outside the company.
Despite a dismal performance in the first quarter of FY17 where its same-store sales growth went into the negative territory for the first time in past seven quarters, Jubilant FoodWorks is confident of an improved show and a positive same-store sales growth in the second quarter.
However, total income from operations went up by 6.69 percent to Rs 608.91 crore during the quarter under review as against Rs 570.68 crore in the year-ago period, Jubilant FoodWorks Ltd (JFL) said in a filing to the BSE.
The food regulator FSSAI has already convinced brands like Haldirams, Mother Dairy's Safal and Starbucks to come on board for a pilot project that certifies the hygiene standards and quality of food at outlets.
Jubilant Foodworks plans to open 130-140 new Domino's Pizza outlets and around 20 new Dunkin' Donuts restaurants in the current fiscal to expand its footprints in the country
Jubilant FoodWorks reported a 6.56 percent decline in standalone net profit to Rs 29.46 crore and a 13.99 percent rise in net sales to Rs 617.83 crore in the fourth quarter.
Net sales rose to Rs 617.83 crore for the quarter under review, up 13.99 percent, from Rs 542 crore in the same period a year ago, the company said in a BSE filing.
Speaking to CNBC-TV18, Ajay Kaul, CEO of Jubilant Foodworks says that the new store is expected to breakeven within two to three months of launch and costs can be recovered in two to three years.
Shares of Jubilant Foodworks were down 7 percent since Yum! Brandsreported Q3CY15 results on October 6. Goldman Sachs believes the correction was due to increased concerns on same-stores-sales growth (SSSG) after Yum! reported negative 18 percent SSSG in India.
Yum! Brands India division sales fell 9 percent on an annual basis while same-store sales growth SSG for 3 brands (KFC, Pizza Hut, Taco Bell) declined by 18 percent from a fall of 4 percent year-on-year. Its operating loss in India in Q3 was up around 2.6 times at USD 8 million versus USD 3 million.
Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains in India, had reported 6.27 percent increase in its standalone net profit at Rs 31.53 crore for the first quarter ended June 30, 2015.
McDonald's India is stepping up its operations in western and southern markets of the country by doubling its outlets with an investment of Rs 750 crore in the next five years.
According to Dev Amritesh, Presedent and COO, Dunkin Donuts to keep competition at bay or be one-step ahead, it is imperative to constantly innovate and reinvent.
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.
The company had posted a net profit of Rs 27.72 crore in the same period of previous fiscal. Total income from operations on standalone basis was up 19.68 percent to Rs 570.68 crore during the quarter under review as against Rs 476.82 crore in the year-ago period, Jubilant FoodWorks Limited (JFL) said in a filing to the BSE.
JP Morgan has upgraded the stock to overweight with a target price of Rs 1800 per share. It has also raised FY16-17 earnings per share (EPS) estimates by 8-13 percent.
The company would stick to its plan of opening 150 Domino‘s and 8 Dunkin Donuts restaurants in FY16, said Ravi Gupta, CFO, Jubilant Foodworks.