Jubilant Foodworks plans to acquire majority stake in DP Eurasia for 73 mn euros
DP Eurasia is the exclusive master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan, and Georgia
DP Eurasia is the exclusive master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan, and Georgia
The company reported 26% year-on-year fall in consolidated net profit at ₹97.2 crore in Q2 FY24, as against ₹131.5 crore in the same period last year.
For FY24, the company plans to "reorient the business to sustained profitable growth" amidst historic high inflation and slowing market growth.
In FY23, the company's net profit tumbled 18.5% year-on-year to ₹356.12 crore against ₹437.5 crore.