India is expected to become the largest market globally for the US-based restaurant chain Domino’s Pizza outside its home market, replacing UK as the second largest international market, the company’s president and chief executive officer J Patrick Doyle told The Economic Times.
India, with 650 Domino’s stores across 137 cities, is the third-largest market globally for Domino’s after UK (750 stores) and US (4,900 stores).
“It is pretty clear that in the next few years, India will become the largest market outside the US,” Doyle, who was in Delhi to attend the wedding of the daughter of Hari Bhartia, promoter of Jubilant FoodWorks that is the master franchisee for Domino’s in India, told the daily.
The total number of stores in India is “just 100 shy of the UK”, Doyle said.
That India now occupies a pretty significant position was evident with Doyle not ruling out the possibility of Indians’ participation for a seat in top management of the restaurant chain that currently has presence in 5,700 cities across 73 countries.
“The number of CEOs in American companies with Indians up there is a long list as India has been a phenomenal source of talent…it’s (getting an Indian in the top management) certainly possible,” he said.
In August this year, Jubilant FoodWork’ chairman Shyam S Bhartiya had said that the company is planning to invest around Rs 250 crore next year to add 125 Domino’s stores and 18 Dunkin Donuts outlets.
The pizza chain, which has been present in India for close to 17 years, has exclusive rights to develop and operate coffee and donut chain Dunkin’ Donuts restaurants in the country.
(Edited by Joby Puthuparampil Johnson)