Jubilant eyes smaller format Dunkin' Donuts stores
It is looking at models focused on donuts and beverages in search of profitability.
According to Economic Times, Jubilant Foodworks has reduced the store size of the new Dunkin' Donuts outlets by nearly half, as the company looks to reduce the donut brand's losses in the recent financial year, and eventually grow the business towards profitability.
"So the average size has varied earlier from 800 square feet to about 1200 square feet, and the stores that we have opened have been on the smaller side, they have been ranging from 300 square feet to about 650-700 square feet," Pratik Pota, chief executive officer of Jubilant Foodworks.
The company which operates Domino's Pizza and Dunkin' Donuts in India, had reported more than three-fold increase in its year-on-year net profit at Rs 66 crore for the third quarter ending December 31.
According to Pota, the company is looking at model that is focused on donuts and beverages, with simple food. The other part of the model is to look at smaller format stores.
