Calcutta Telegraph:
The strong debut of Domino’s Pizza
in the stock market early this year has fuelled interest among global pizzerias such as US-based Little Caesars and Papa Murphy’s to enter the Rs 470-crore Indian pizza delivery and dine-in industry.
Other global chains, including Sbarro, Pizza Hut, Papa John’s and Chicago Pizza, who already have some presence in the country, are looking to expand in an industry that is growing annually at 40 per cent.
“After the Domino’s initial public offer, which raised over Rs 320 crore, we have seen a greater interest from global food and beverage chains to form associations with a local franchise partner in India,†Gaurav Marya, president of Franchise India Holding Ltd, told The Telegraph.
Jubilant FoodWorks, which runs the Domino’s Pizza brand in India, became the first fast food company to list on the bourses. Industry players said RJ Corp, which runs Pizza Hut, Yum Restaurants and KFC, could also be looking at divesting its equity stake.