By Mr. Abhay Ray 
Introduction to Jubilant Foodworks Limited
Jubilant FoodWorks Limited is an Indian food service company based in Noida, which holds the master franchise for Domino’s Pizza in India, Nepal, Sri Lanka and Bangladesh, for Popeyes in India, Bangladesh, Nepal, and Bhutan, and also for Dunkin’Donuts in India. The company also operates two homegrown restaurant brands called Ekdum! and Hong’s Kitchen. Jubilant FoodWorks is part of Jubilant Bhartia Group and is India’s largest foodservice Company.
Incorporation of the Company
The company was incorporated on 16 March,1995, and began operations in 1996. The company opened India’s first Domino’s Pizza outlet in New Delhi in 1996. The company changed its name to Jubilant FoodWorks Ltd in 2009. It was headed by Ajay Kaul since 2005.
Mission and Vision of Jubilant Foodworks
Company envisions making a difference with every order.They are here to provide authentic yet new-age food experiences to their consumers & they enable it with the power of technology. Every day they create new ideas that can take customer experience to the next level.
Founder of the Company
Jubilant FoodWorks is part of the Jubilant Bhartia Group, which is owned by the Bhartia brothers, Shyam and Hari.
- Shyam S Bhartia holds a bachelors’ degree in commerce from St. Xavier’s College, Calcutta University, and is a qualified cost and works accountant and a fellow member of the Institute of Cost and Works Accountants of India (ICWAI).
Shyam S Bhartia has been associated with various institutions and has served as a Member of the Board of Governors, Indian Institute of Technology (IIT), Mumbai and Indian Institute of Management (IIM), Ahmedabad. He has also served as a Member of the Executive Committee of the Federation of Indian Chamber of Commerce & Industry (FICCI) & Confederation of Indian Industry (CII) and was also a member of the Task Force on Chemicals appointed by the Government of India. Shyam is a regular participant at the World Economic Forum Annual Meeting in Davos. He is also a member of Governors for Chemistry and Advanced Materials of the World Economic Forum.
- Hari Bhartia A Chemical Engineering Graduate from the Indian Institute of Technology (IIT), Delhi, Hari was conferred the Distinguished Alumni award by his alma mater in 2000. He has been associated in various capacities with the IIT system and with the Ministry of Human Resource Development, Government of India.
Hari is a former President of the Confederation of Indian Industry (CII) (2010-2011) and a member of several educational, scientific and technological programs of the Government of India. He is a former Chairman of the Board of Governors of the Indian Institute of Management (IIM), Raipur & Indian Institute of Technology (IIT), Kanpur. He is currently a Member of the International Advisory Board of McGill University, Canada; Chairman of Board of Governors, Indian Institute of Management, Visakhapatnam and Chairman of CII-Jubilant Food & Agriculture Centre of Excellence.
Jubilant foodwork IPO objectives
The objectives of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
- Pre-payment of loans
- General corporate purposes
- Achieve the benefit of listing on the stock exchange.
Jubilant Foodworks IPO Details
|
IPO Date |
January 18, 2010 to January 20, 2010 |
|
Listing Date |
February 8, 2010 |
|
Face Value |
₹10 per share |
| Price Band |
₹135 to ₹145 per share |
| Lot Size |
40 Shares |
| Total Issue Size |
22,670,447 shares |
|
Issue Type |
Book Built Issue IPO |
| Listing At |
BSE, NSE |
| Share holding pre issue |
59,621,741 |
| Share holding post issue |
63,621,741 |
Jubilant Foodwork IPO Reservations
|
Investor Category |
Shares Offered |
Maximum Allottees |
| Anchor Investor Shares Offered |
_ |
NA |
| QIB Shares Offered | 7,141,192 (36.42%) |
NA |
|
NII (HNI) Shares Offered |
3,060,510 (15.61%) | _ |
|
Retail Shares Offered |
7,141,191 (36.42%) |
178,529 |
|
Employee Shares Offered |
2,267,044 (11.56%) |
NA |
| Total Shares Offered | 19,609,937 (100%) | _ |
Jubilant Foodwork IPO subscription status
|
Category |
Subscription(times) |
|
QIB |
59.39 |
|
NII |
51.95 |
| Retail |
3.79 |
| Employees |
0.00 |
| Total |
31.11 |
Jubilant Foodworks Dividend and Bonus History
|
Announcement Date |
Ex-Dividend Date | Dividend Type | Dividend (Rs) |
|
22 May, 2024 |
12 Jul, 2024 | Final | 1.20 |
|
17 May, 2023 |
12 Jul, 2023 | Final |
1.20 |
| 30 May, 2022 | 08 Jul, 2022 | Final |
1.20 |
| 15 Jun, 2021 | 06 Aug, 2021 | Final |
6.00 |
|
27 Feb, 2020 |
09 Mar, 2020 | Interim | 6.00 |
|
15 May, 2019 |
16 Sep, 2019 | Final | 5.00 |
|
08 May, 2018 |
18 Sep, 2018 | Final |
2.50 |
| 02 Jun, 2017 | 18 Aug, 2017 | Final |
2.50 |
| 30 May, 2016 | 24 Aug, 2016 | Final |
2.50 |
|
14 May, 2015 |
26 Aug, 2015 | Final | 2.50 |
|
15 May, 2019 |
16 Sep, 2019 |
Final |
5.00 |
| 08 May, 2018 | 18 Sep, 2018 | Final |
2.50 |
|
02 Jun, 2017 |
18 Aug, 2017 | Final | 2.50 |
|
30 May, 2016 |
24 Aug, 2016 | Final |
2.50 |
| 14 May, 2015 | 26 Aug, 2015 | Final |
2.50 |
|
15 May, 2019 |
16 Sep, 2019 |
Final | 5.00 |
| 08 May, 2018 | 18 Sep, 2018 | Final |
2.50 |
|
02 Jun, 2017 |
18 Aug, 2017 | Final | 2.50 |
|
30 May, 2016 |
24 Aug, 2016 | Final |
2.50 |
| 14 May, 2015 | 26 Aug, 2015 | Final |
2.50 |
|
Announcement Date |
Ex-Bonus Date | Bonus Ratio | Remarks |
| 08 May,2018 | 21 Jun, 2018 | 1:1 |
For every 1 share held; holder will receive 1 bonus share |
Jubilant Foodworks Growth and Revenue
- The revenues of Jubilant Foodworks stood at Rs 56,960 m in FY24, which was up 9.4% compared to Rs 52,087 m reported in FY23.Jubilant Foodworks revenue has grown from Rs 39,969 m in FY20 to Rs 56,960 m in FY24.Over the past 5 years, the revenue of Jubilant Foodworks has grown at a CAGR of 9.3%.
- JFL Group Store Network is now nearing 3,000 stores with the opening of record 356 stores in FY’24.JFL Group’s store network for Domino’s is now 2,793 store strong across six countries.JFL Group’s store network for Domino’s India expands to 1,995 stores across 421 cities.
Jubilant Foodworks Awards and Recognitions
JFL has been certified as a Great Place to Work in India and Sri Lanka for the second time running, for the period 2024-2025. Jubilant FoodWorks Limited (JFL) has received several prestigious accolades for its outstanding performance in various sectors. In 2016, the company was honored with seven CII Awards for Food Safety, recognizing its significant achievements, strong commitment, and exceptional performance in the category of “Small & Medium Food Service: Rising Star: QSR.” Additionally, JFL was awarded the “Recognition for Customer Centricity” in the Service category for Large Business Organizations during the CII Awards for Customer Obsession 2016, based on their excellence in customer service. Furthermore, Jubilant Foodworks secured the 3rd edition of the “Indian Risk Management Award,” presented by CNBC TV-1, further highlighting the company’s dedication to excellence and risk management in the business landscape.
Competitors of the Jubilant Foodworks Company
- Barbeque-Nation Hospiltality Ltd.
- Coffee Day Enterprises Ltd.
- Devyani International Ltd.
- Restaurant Brand Asia Ltd.
- Sappire Foods India Ltd..
- Speciality Restaurant Ltd..
Conclusion
Jubilant Foodworks is forecast to grow earnings and revenue by 23.4% and 14.2% per annum respectively. EPS is expected to grow by 22.7% per annum. Jubilant Foodworks has a strong growth momentum and is expanding into new cities, including tier II and tier III cities. JFL has a high probability of opening more stores successfully.
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