Jubilant Foodwork invests Rs 92 crore in Barbecue Nation for 10.76% stake
Jubilant Foodworks Ltd announced on Thursday that it will invest Rs 92 crore in Barbeque-Nation Hospitality Ltd (BNHL) for a 10.76 percent equity stake
BusinessToday.In | December 31, 2020 | Updated 17:31 IST
Recently, Jubilant Foodworks which operates fast food chains Domino s Pizza and Dunkin Donuts in India launched Ekdum! , its own biryani brand (Photo- PTI)
Jubilant Foodworks Ltd (JFL), which operates fast food chains Domino s Pizza and Dunkin Donuts in India, announced on Thursday that it will invest Rs 92 crore in Barbeque-Nation Hospitality Ltd (BNHL) for a 10.76 percent equity stake.
Talking about the investment, Jubilant Foodworks Chairman Shyam S. Bhartia and Co-Chairman Hari S. Bhartia said, We are happy to announce our investment in Barbeque Nation - a differentiated, casual dining restaurant brand of scale with strong unit economics. We are confident that the proposed investment will
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The company has opened three restaurants in Gurugram, with plans for more. It is yet another evidence that biryani has become the favourite of restaurants and foodies alike.
India placed over 44 lakh biryani orders since the COVID-induced lockdowns started, said food delivery giant Zomato. Swiggy, another food delivery giant, registered over five lakh biryani orders during lockdowns, as per its âLockdown StatEATisticsâ. Looks like biryani is clearly Indiaâs undisputed food deity.
These numbers arenât surprising. The 2018 FICCI-PWC report on the changing landscape of Indiaâs foodservice industry said that âbiryani had emerged as the unlikely champion of Indiaâs fast food scene, unseating pizzas and burgers, which used to dominate standardised fast food kitchensâ. The report went on to value the organised biryani delivery industry at around Rs 2,500 crore.
Biryani makes Domino’s Indian franchise owner 7% fatter the street s evidently jubilant
Sanchita DashDec 17, 2020, 12:19 IST
Jubilant Foodworks
biryanis from across India.
The love for biryani was evident in the stock market as Jubilant’s share prices jumped by over 7% on Thursday (November 17) morning.
Last year in March 2019, Jubilant Foodworks had also forayed into the Chinese food segment with its own brand – Hong’s Kitchen. The parent company of Domino’s pizza and Dunkin’ Donuts knows what Indians love the most – Biryani. Jubilant Foodworks announced a new brand called Ekdum! with a variety of biryanis from across India.
And the love for biryani was evident in the stock market as Jubilant’s share prices jumped by over 6% on Thursday (November 17) morning. Its share price stood at ₹2,873.45 as of 11.45 am.
Jubilant FoodWorks Shares Hit 52-week High On Launch Of Biryani Brand moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Jubilant Foodworks has entered into the most loved food space of Biryanis with its newest brand - Ekdum!
Ekdum! willoffer the widest variety of biryanis from across India to choose from. The chefs at Ekdum!have
brought together a selection of twenty different biryanis curated from various parts of India using authentic
ingredients that bring out the unique flavours and signature tastes associated with the region.
The range of biryanis includes amongst others Hyderabadi Nizami Biryani, LucknowiNawabi Biryani,
Dindigul Biryani, Kolkata Biryani, Butter Chicken Biryani, Egg Biryani, Paneer Makhni Biryani, and Tawa
Chicken Biryani.
In addition to biryanis, customers will also be able choose from an extensive range of Kebabs, Curries,