Jubilant's dough keeps rising while rivals go half-baked

Domino's growth appetite feeds FoodWorks as Pizza Hut, KFC, Burger King fight to stay on menu

- RAM PRASAD SAHU

Quick service restaurant (QSR) majors reported weak same-store sales (SSS) and softer profitability in the April-June quarter. While stiffer competition and sluggish urban demand dragged the sector, Jubilant FoodWorks—the country's largest listed player—once again broke away from the pack with double-digit SSS growth.

Driven by Domino's Pizza, standalone revenue rose 18 per cent year-on-year (Y-o-Y). Orders grew 17.3 per cent, with like-for-like sales up 11.6 per cent. SSS growth for Domino's held firm at 11.6 per cent—its third straight quarter in double digits. Deliveries led the charge, with revenue up 25 per cent and like-for-like growth at 20 per cent. Deliveries now contribute 73 per cent of total revenue, up from 69 per cent a year earlier. Dine-in revenue grew 2.5 per cent Y-o-Y, aided by stronger lunch-hour traffic.