Domino's aims to double store count to 4,000 in India in 5-6 years
Domino's plans to double its store count to 4,000 in India in the next 5-6 years, a top company official said. Domino's, which started operations here in 1996, has launched its 2,000th store.
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«It's the first time that a country outside of the US has reached over 2,000 stores,» Domino's EVP, International Art D'Elia told PTI.
India is now the second biggest market for Domino's after the US in terms of number of operational stores and among top five globally in terms of revenue, he added.
The Indian market has a «huge growth opportunity» for Domino's, helped by a growing economy and the middle class. With its democratised offering, Domino's has made pizza accessible to more and more people in India.
«So we expect India to continue to be one of the fastest growing markets in the world. It's a top five market today, and we expect it will continue to climb up the ranks in the size markets that we have outside of the US,» he said.
In India, Domino's stores are operated by Jubilant FoodWorks Ltd (JFL), which has a master franchisee for the brand here. Besides, the Bhartia family- promoted Rs 5,654 crore firm has licences for five other markets — Turkey, Bangladesh, Sri Lanka, Azerbaijan, and Georgia.
JFL will add around 180-200 stores this fiscal and has lined up a capex of Rs 250 crore for FY25, a
