Sameer Khetarpal is the brand new CEO & MD at Jubilant FoodWorks

Meals companies firm Jubilant FoodWorks Ltd (JFL) on Monday named Sameer Khetarpal as its new CEO and managing director for 5 years starting 5 September. Khetarpal, succeeds Pratik Pota, joins JFL from e-commerce firm Amazon.

Over the past six-and-a-half years at Amazon, Khetarpal conceptualized, launched and scaled a number of companies like Amazon Recent, Amazon Meals and Amazon Pharmacy. Previous to Amazon, Khetarpal served as a associate at McKinsey and Co. An alumnus of the Indian Faculty of Enterprise (ISB), Khetarpal has additionally labored with GE Capital and Hindustan Unilever Ltd.

JFL runs the Domino’s Pizza and Dunkin’ manufacturers in India.

“We are actually a multi-country, multi-brand firm with deep investments in know-how. We need to additional our investments throughout our portfolio of manufacturers to develop into a meals tech powerhouse. Sameer, together with his strengths in constructing digital first companies in associated areas will present the mandatory management to our enterprise,” stated Shyam S. Bhartia, chairman and Hari S. Bhartia, co-chairman, Jubilant FoodWorks.

Khetarpal stated, “As India’s largest meals service firm, JFL is uniquely poised to scale non-linearly throughout a number of companies and geographies. The corporate has an distinctive observe report of innovation and serving prospects with exemplary requirements.”

On Monday, the corporate knowledgeable the exchanges that Jubilant FoodWorks Netherlands BV, a completely owned subsidiary, has elevated its stake in DP Eurasia by means of numerous on-market purchases. DP Eurasia is the unique grasp franchisee of Domino’s Pizza model in Turkey, Russia, Azerbaijan and Georgia. As on 29 Could, 2022, JFN held 42.70% of its issued share capital in DP Eurasia.

The corporate additionally introduced quarterly earnings on Monday. For the three months to March, the corporate reported a 12.87% leap in quarterly income from operations to 1,157.88 crore; standalone revenue for the interval was up 11.3% to the touch 116 crore from the 104.2 crore reported within the year-ago interval.

In Domino’s, the rise in income is pushed by the sturdy progress in supply channel.

The promoters of HT Media Ltd, which publishes Mint, and Jubilant FoodWorks are carefully associated. There are, nevertheless, no promoter cross-holdings.

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