Jubilant FoodWorks’ three-year plan: Korean buns, cheese tarts and a huge pizza! – CNBC TV18

Jubilant FoodWorks’ three-year plan: Korean buns, cheese tarts and a huge pizza! – CNBC TV18

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If you are a Pizza enthusiast, Jubilant FoodWorks Ltd. has a new offering. It is looking at launching a six-in-one big pizza. The company announced this as part of a three-year plan unveiled on its analyst day.

The large pizza will be a higher Average Order Value (AOV) product but with low turnover.

As part of the three-year plan, Jubilant FoodWorks plans to build five new platforms in the upcoming year. It is targeting 3,000 stores in India by the financial year 2028 and expand its presence into 700 new towns by the same timeframe. Domino’s India currently has 2,139 stores.

The company is aiming for a double-digit Compound Annual Growth Rate (CAGR) in revenue and a 200-basis-point improvement in margins over the same period. Jubilant also plans to maximise its free cash flow generation.

Apart from the new pizza offering, Jubilant FoodWorks also plans on launching Korean buns, cheese tarts, and wraps, among other new products. These are generally higher turnover products with low Average Order Value (AOV).

Jubilant FoodWorks is also focusing on expanding its presence in Turkey through the premium Coffy platform. However, there was not enough clarity on the outlook or the road ahead towards Popeyes.

Out of the 31 analysts that have coverage on Jubilant FoodWorks, 18 of them have a “buy” rating, eight of them say “hold”, while five of them have a “sell” rating on the stock.

Shares of Jubilant FoodWorks are currently trading 1.1% higher at ₹688.5. The stock is down 13% from its recent high of ₹796.

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