Domino's expects India to among top 5 markets

Submitted by Ketan Sharma on Fri, 03/12/2010 - 20:51

DominosInternational pizza chain, Domino's Pizza expects India to be among its top 5 countries for earnings in the next three years.

India has emerged as the fastest growing market for the company in 2009-10. Domino's sees a huge opportunity in India for pizza and pasta. The brand has around 300 stores are spread across 67 cities across India. It plans to open around 500 more stores in the country in the next three years.

The company has been focusing on smaller cities over the last two years for growth. About 20-25 per cent of the revenues for the company come from Tier-II and -III cities and it expects this number to rise as many new stores are planned for these smaller cities, according to the Jubilant Foodworks CEO Ajay Kaul.

President and CEO, Domino's Pizza J Patrick Doyle said, "The Indian market is the fastest growing market for Domino's. Today, we are launching the 300th store in the country. It is the 9,000th store worldwide. As of now, India is among the top 10 earners for Domino's. In the next three years, we expect India to be among the top five earners."

The company is expecting revenues of Rs 420 crore and a pre tax profits of Rs 32 crore for the current financial year. Kaul claims that the company has a market share of 65% in the home delivery segment.


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