Jubilant FoodWorks has reportedly confirmed the downscaling of its listed franchisee partner Dunkin Donuts in India and has brought down store count by more than half. The company has already halved losses on the US doughnut chain in the June quarter. The company has shut most unprofitable stores, cut down on operating costs and overheads, focused on core categories and launched innovations to drive growth.
Jubilant FoodWorks is India’s largest and fastest growing food service company. The company and its subsidiary operates Domino’s Pizza brand with exclusive rights for India, Nepal, Bangladesh and Sri Lanka.
