**Jubilant FoodWorks Remains Optimistic About Turkish Operations Amid Diplomatic Tensions**
Jubilant FoodWorks Limited, a leading fast-food chain in India, operates over 900 restaurants in Turkey, including 746 Domino’s Pizza outlets and 160 Coffy coffee shops. Despite recent diplomatic tensions between India and Turkey following “Operation Sindoor,” the company anticipates no adverse effects on its Turkish business. CEO Sameer Khetarpal expressed confidence during a recent earnings call, stating, “I will not worry too much about macroeconomic factors or any geopolitical risk impacting Turkey.”
The company holds the master franchise rights for Domino’s Pizza in Turkey through its subsidiary, DP Eurasia NV, which also serves as the exclusive master franchisee for the brand in Russia, Azerbaijan, and Georgia. As of the end of March, Jubilant FoodWorks operated a total of 3,316 stores globally, with 2,304 located in India.
Khetarpal noted that consumers in Turkey remain largely unaffected by political changes, emphasizing that the momentum in the food market continues to thrive. He highlighted that Turkey’s real GDP has consistently grown by 3% to 4% over the past two and a half years, with easing inflation leading to lower interest rates. “I feel good about the macroeconomic situation in Turkey,” he added, pointing out the country’s large consumer base and youthful population.
The comments come in the wake of India’s recent conflict with Pakistan, which has seen support for Pakistan from countries like China and Turkey. This has led to calls for boycotting Turkish goods and travel restrictions. However, Khetarpal remains focused on the strong performance of both Domino’s and Coffy in Turkey, indicating a robust market presence despite geopolitical challenges.
**FAQ**
**Q: How many stores does Jubilant FoodWorks operate in Turkey?**
A: Jubilant FoodWorks operates 906 stores in Turkey, including 746 Domino’s Pizza outlets and 160 Coffy coffee shops.