Post by Equity Section on Sept 3, 2011 17:40:15 GMT 5.5
Key Points from Annual Report
1. The consumers are showing an inclination to experiment with different cuisines which as a food-company, bodes well for us.
2. Domino’s has grown ahead of the market and today has a well-entrenched network of 378 stores in 90 cities as of March 31, 2011.
3. Our innovating marketing strategy continues to be the core of our model and we believe we are now synonymous with quick delivery of tasty meals with our ‘Khushiyon ki Home Delivery’ and ‘30 Minutes or free’ campaigns.
4. We have broadened our scope of operations and have entered into another strategic partnership with the world’s renowned baked goods and coffee chain Dunkin’ Donuts to introduce Dunkin’ Donuts restaurants in India.
5. We believe, Dunkin’ Donuts will enable us to cater to both the food and beverage market in India, thereby enabling us to tap the market in terms of localising the menu items to better suit the preferences of the Indian consumer and their tastes.
6. We opened 70 new stores during the year, taking our total number of stores to 378 as of March 31, 2011.
7. This year we saw many additions to our menu and offerings by way of innovative recipes and side orders such as the delicious Mexican Wrap and Pasta Italiano and also new variants in pizza such as the “Double Burst†Pizza.
8. For FY 2012, we plan to launch around 80 new stores backed by growing consumer demand. We also plan to launch our first Domino’s Pizza store in Sri Lanka in July, through our wholly owned subsidiary - Jubilant Food Works Lanka (Pvt.) Ltd.
9. The Dunkin’ Donuts model presents great flexibility to localise our offerings and our focus will be to again adapt our offering and flavours to the consumers’ liking in order to create a unique menu. Our product range will include all day part sweet and savoury options of food besides various hot and cold beverages.
10. We have in our system, an immensely talented human resource base as we start a new journey with Dunkin’ Donuts. With respect to store roll-out, which will be in a phased manner, our initial focus will be primarily on metro cities. Our eventual target is to roll-out around 80-100 stores over a span of 5 years.
11. The Company has strengthened its stance in the organised pizza home delivery segment in India with over 70 percent Pizza delivery market share and with a 50 percent share in the overall Pizza market.
12. Dunkin' Donuts is the world's leading baked goods and coffee chain with total global systemwide sales of US $6 billion. Dunkin' Donuts has more than 9,700 restaurants globally in 31 countries. Dunkin' Donuts has rapidly expanded in 2010, opening 574 net new global locations, making it the fastest growing QSR in the world last year.
13. The Company at present relies to a large extent on its agreement with Domino's International with respect to its business operations. The term of the Master Franchise Agreement continues until December 31, 2024 and is further extendable for a period of 10 years, subject to the fulfillment of certain conditions. Thus the right to termination is held by Domino's International, and if exercised, the Company will have to terminate its business activity.
14. The technology is touching the lives of the people and your Company became the first Food Service Company in India to take live online orders through its online ordering initiative. Your Company has also launched Single National Same Number 68886888 to facilitate consumers ordering Domino’s.
15. This year your Company launched several new products such as Wheat Thin Crust Pizza, the new Pasta Italiano range, the all new Mexican Wrap range and Double Burst Pizza.
16. During the year, your Company incorporated a Wholly Owned Subsidiary, Jubilant FoodWorks Lanka (Pvt.) Limited (JF Lanka) in Sri Lanka to extend its operation in the territory of Sri Lanka. Your Company had invested R11.5 million in JF Lanka during FY 2011.