I still remember my days as the fund manager at DSP Merrill Lynch (now DSP BlackRock), when our team would regularly feast on pizzas, which soon became a periodic ritual. Such was the craze that we even looked into if there was a way to play the growing interest in pizza. Unfortunately, even though Domino’s was doing brisk business back then, it was an unlisted entity. But when I went solo in 2009 with AlfAccurate, I got lucky because the very next year, Jubilant FoodWorks (JFL), which is the master franchisee of the US-owned pizza brand in India, Nepal, Bangladesh and Sri Lanka, went public. The company, which had opened its first Domino’s Pizza store in India in January 1996 at New Delhi, saw a stunning debut, raising ₹330 crore and ending day one at ₹229 with 58% gains against its issue price of ₹145 and a market cap of ₹1,456 crore. In five years, its market cap has gone up nearly 7x to ₹9,700, with the firm clocking a CAGR of 34.52% till FY15, with 959 outlets currently. The superlative performance is not without reason.
My Best Pick 2016
Rajesh Kothari of AlfAccurate is confident Jubilant FoodWorks will deliver, even as its peers struggle
Summer wine and salad
Kishore Singh - January 19, 2015
A double topping for growth
Meghna Maiti - January 15, 2015
Scriptures for success
Kripa Mahalingam - January 27, 2015
Where's the party tonight?
Aditi Saxena - January 27, 2015
The million-dollar question: Is investing a game of luck or skill?
Shankar Sharma - May 04, 2021