Jubilant Foodworks, the operator of Domino’s India, reports a Q2 net profit decline to ₹66.53 crore.
Jubilant Foodworks Limited (JFL), the operator of Domino’s Pizza and Dunkin’ in India, reported a consolidated net profit of ₹66.53 crore for Q2 FY25, marking a decline from ₹97.2 crore in the same period last year. Despite the dip in profit, the company’s revenue from operations saw significant growth, rising to ₹1,954.72 crore compared to […]
Devyani International, the operator of Pizza Hut in India, reports a Q2 FY25 loss of ₹4.92 crore while revenue climbs to ₹1,222.15 crore.
Devyani International Limited (DIL), India’s largest franchise operator for KFC and Pizza Hut, has reported a consolidated net loss of ₹4.92 crore in the second quarter (Q2) of FY25, ending September 30, 2024. Despite the loss, DIL showcased impressive growth in consolidated revenue from operations, rising by 49.2% to ₹1,222.15 crore in Q2 FY25 compared […]
Blackstone seeks to acquire a 20% stake in Haldiram’s snacks business in India, valuing it at $8 billion, sources reveal.
In a significant development for the Indian snack industry, private equity giant Blackstone is reportedly negotiating the acquisition of a 20% stake in Haldiram’s snacks business, valuing the iconic brand at $8 billion. This move comes after earlier plans for a majority acquisition, initially estimated at a $12 billion valuation, did not materialize. Haldiram’s, a […]
Haldiram Bhujiawala Raises Rs 235 Crore from Bharat Value Fund via Minority Stake Sale
Haldiram Bhujiawala, the famous Kolkata-based snack brand, has received a ₹235 crore investment from Bharat Value Fund (BVF), led by Pantomath Capital. This strategic investment aims to fuel Haldiram Bhujiawala’s ambitious plans to expand its manufacturing capabilities and enter new markets beyond its stronghold in eastern and northeastern India. The company, known for its popular […]
Burger King and KFC Owners Face Sales Decline as Fast-Food Spending Slows
The fast-food industry is experiencing a notable shift as major players like Burger King and KFC face declining sales due to reduced consumer spending. Rising food prices and inflation have pushed consumers to prepare meals at home rather than dining out, leading to a dip in traffic for quick-service restaurants (QSR). Chains like Restaurant Brands […]