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Jubilant FoodWorks Limited
Jubilant FoodWorks runs Domino's, Popeyes, Dunkin', and Hong's Kitchen restaurant chains, mostly in India, selling pizza, fried chicken, coffee, and Chinese food to everyday customers.
Jubilant FoodWorks is India's biggest fast-food restaurant operator. Its main business is Domino's pizza — the company holds the master franchise for Domino's in India, and it runs thousands of stores where customers order pizza, garlic bread, and chicken wings for delivery or takeaway. For most Indians, this is the Domino's they know: the phone number and app that deliver a hot pizza in about half an hour.
The company also runs Popeyes fried chicken, Dunkin' coffee and donuts, and Hong's Kitchen, a Chinese quick-service brand it launched itself. The customer is the everyday Indian urban family or office worker who wants a fast, affordable meal. Jubilant earns money by selling food through its own outlets and delivery, plus a smaller stream of fees from sub-franchising stores to other operators in some markets. The company also owns a stake in Hashtag Loyalty, a restaurant loyalty and ordering platform. The engine behind all of this is scale. A giant network of Domino's stores lets Jubilant buy ingredients cheaply, run its own supply chain, and use its app to keep customers coming back. That delivery-first model is a real moat in a country where food delivery is booming. But the business is also squeezed by competition — local pizza chains, burger and fried-chicken rivals, and big delivery apps — plus rising food and rent costs. Same-store sales growth is the number investors watch closely, and it has been rocky at times.
Jubilant is a subsidiary of Jubilant Bhartia Group, an Indian conglomerate. The company has been spending heavily to open new stores and build out Popeyes and Dunkin', betting that India's young, urban population will eat more fast food each year. That spending is the key thing to watch: if new stores pay off, the company grows; if demand softens, the expansion becomes a drag.
Saved answer · last researched 14 Nov 2026