Research Insight – 4 – JUBILANT FOOD WORKS

General overview:

Jubilant food works limited is an Indian food service company incorporated on 16th
march, 1995 at Noida, Uttar Pradesh. It was established as Domino's Pizza India Private Ltd.
and began operations in 1996. It changed its name to Jubilant Food Works Ltd in 2009. The
company opened India's first Domino's Pizza outlet in New Delhi in 1996.
It was headed by Ajay Kaul since 2005. Pratik Pota became the CEO from April 2017. On 24
February 2011, Jubilant Food Works signed a master franchise agreement with American
coffeehouse chain Dunkin' Donuts to operate the brand in India. Jubilant Food Works opened
India's first Dunkin' Donuts outlet in Connaught Place, New Delhi in April 2012. Jubilant
Food Works was named "Emerging Food Group of the Year" by The Economic Times in
2012.
The Company currently operates more than 1,360 outlets for Domino's Pizza, Dunkin' Donuts
and Hong's Kitchen and is a market leader in pizza segment. The Company has more than
30,000 brand ambassadors committed to deliver value to its customers.
Brands of jubilant food works are as follows:
 Dominos
 Dunkin Donut
 Hogs kitchen
 Chef Boss
 Ekdum

Shareholding pattern of the company:

Holder's Name No of Shares % Share Holding

No of Shares 131969040 100%

Promoters 55346495 41.94%

Foreign Institutions 53932559 40.87%

Banks Mutual Funds 11627267 8.81%

Central Govt 419492 0.32%

Others 3529149 2.67%

General Public 3520226 2.67%

Financial Institutions 3366819 2.55%

Foreign Promoter 2 0%

GDR 227031 0.17%

Management of the Company:

Name Designation

Aashti Bhartia Non Executive Director

Abhay Prabhakar Havaldar Independent Director

Ashwani Windlass Independent Director

Avinash Kant Kumar Executive Vice President

Berjis Minoo Desai Independent Director

Deepa Misra Harris Independent Director

Hari S Bhartia Co-Chairman & Director

Kapil Grover Senior Vice President - Marketing

Mona Aggarwal Co. Secretary & Compl. Officer

Pallavi Bakshi Executive Vice President

Prakash C Bisht CFO & Executive Vice President

Pratik Pota Whole-time Director & CEO

Rajneet Kohli Executive Vice President

Sanjay Mohta Vice President - International Business

Shamit Bhartia Non-Executive Director

Shyam S Bhartia Chairman & Director

Vikram Singh Mehta Independent Director

SWOT ANALYSIS:
S-Strengths
 Rising Net Cash Flow and Cash from Operating activity
 Company with No Debt.
 Strong cash generating ability from core business - Improving Cash Flow from operation
for last 2 years.
 FII / FPI or Institutions increasing their shareholding.
 Productive innovation and quality meals.
 Reliable Suppliers
 Strong Captured Marketing& Promotional Advertisement
 Quick & Fast Delivery System

W – WEAKNESS

 Low Number of Outlets

 Franchise Related Issue
 Operational Difficulties
 Need Of High Technology
 Companies with growing costs YoY for long term projects
 Negative Breakdown Second Support (LTP < S2)
 MFs decreased their shareholding last quarter
 De growth in Revenue and Profit Decline in Net Profit with falling Profit Margin (QoQ
  Annual net profit declining for last 2 years Book Value Per Share deteriorating for last
2 years

O – Opportunities:
 Rising Delivery Percentage Compared to Previous Day and Month, Strong Volumes
 Brokers upgraded recommendation or target price in the past three months
 Insiders bought stocks
 New Trends In The Consumer Behaviours
 Demographic changes

T – Threats
 Upcoming Results for Nifty500 with Declining Share Price Over the Week
 De growth in Revenue, Profits and Operating Profit Margin in recent results (QoQ)
 IStocks with high PE (PE > 40)
 Lack Of Long Term Contracts With Suppliers
 High Cost