Indian markets expected to be in top 5 earners: Dominos

Posted on 13 March 2010 by BMMBoxer

Domino’s Pizza, the US based food giant has rolled out statistics as well as the company’s future expectations from Indian markets. India currently features in the top 10 markets for the pizza store and has proved to be the fastest growing market in 2009-10 with a total of 65 new stores opened in India.

India is expected to be among the top five earning markets in the next three years for the pizza giant.

J Patrick Doyle, CEO, Domino’s Pizza President said, “The Indian market is the fastest growing market for Domino’s. Today, we are launching the 300th store in the country. It is the 9,000th store worldwide. As of now, India is among the top 10 earners for Domino’s. In the next three years, we expect India to be among the top five earners.”

The company anticipates revenue of Rs 420 crore and a profit after tax of Rs 32 crore for the yr 2009-10. Dominos strategy in the Indian market has been to penetrate in Tier-II and -III cities.

Ajay Kaul, CEO, Jubilant FoodWorks, “Currently, 20-25 per cent of our revenue comes from Tier-II and -III cities. In the next five years, we expect this number to increase substantially as we will be opening many more stores across the country.”

Jubilant FoodWorks, a Jubilant Group company, holds the master franchisee rights for the Domino’s Pizza, for India, Nepal, Sri Lanka and Bangladesh.

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