With the approval of concerned authorities, the company has been operating 938 Domino’s stores covering 87% of its entire delivery area as of May 20, 2020.
“Dine-in has remained shut all through April and May' 20. However, we are seeing some encouraging signs in delivery, especially in the smaller towns many of our stores are now back to their pre- Covid-19 delivery sales.”
The company further added that as the lockdown rules get more relaxed and as more activity is permitted on the ground, its stores are allowed to open for the full duration and not for curtailed timing, and they expect that it will increase even further in the month of May and June 2020.
The performance of the company in January and February 2020 built solid momentum with LFL growth in January being 8.4% and in February 2020, 14.9%. SSG in these two months were 7.2% and 13.1%, respectively.
However, things changed from mid-March 2020 onwards, especially post the Janta Curfew and the imposition of the lockdown. Dine-in and takeaway operations were stopped completely, and even delivery was impacted adversely in large parts of the country.
Jubilant Foodworks Ltd is currently trading at Rs1,748.30, up by Rs47.9 or 2.82% from its previous closing of Rs1,700.40 on the BSE.