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Jubilant Foodworks to invest Rs 900 crore in India

20 Jan 2023 , 11:30 AM

Jubilant Foodworks on Thursday has informed to the exchanges that it will invest Rs 900 crore in India in next 12-18 months.

The company plans to open 250 stores for Domino's across the country and its overall medium-term outlook is to open 3,000 Domino's stores globally, the food firm said in a regulatory filing.

Furthermore, recently, the company announced its expansion plans for the Popeyes chain in the country.

In its regulatory filing, the company said that it plans to open 40-50 stores for Popeyes in India in the next 12-18 months.

Out of the total CAPEX, Rs 500 crore to Rs 600 crore will be funded towards stores (including re-imaging and maintenance of CAPEX) and digital. Additionally, Rs 300 crore will be set aside for commissaries.

Moreover, the company is expected to be operational by Q1FY24. It has set a total planned investment of Rs 250 crore, Jubilant Foodworks said.

On Friday, at around 11:25 AM, Jubilant Foodworks was trading at Rs511.20 per share higher by 0.10% on the BSE.

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