Jubilant Foodworks climbs 5% as co announces expansion plans

NEW DELHI: Shares of Jubilant Foodworks surged over 4 per cent in Friday's trade after the company announced plans to invest Rs 200 crore for further expansion of its business. The company that owns the franchise of Domino's store and Dunkin' Doughnuts in India, plans to add 150 new Domino's outlets and 40 new Dunkin' Doughnuts stores by the end of the current financial year.

Reacting to the development, the scrip surged 5.10 per cent to hit a high of 1,475.75 on the BSE.

"This will be the first of its kind in the world for Domino's Pizza. This is going to be a total green facility," Ajay Kaul, chief executive officer of Jubilant FoodWorks, told ET.

Pizza is still the revenue driver for Jubilant FoodWorks and India is the second largest market for its pizza business after the US, an ET report said.