Jubilant FoodWorks Launched First Restaurant Of US Fried Chicken Brand, Popeyes, In Chennai

Popeyes, a popular US fried chicken chain, launches its first restaurant in Chennai owing to Jubilant FoodWorks. Jubilant FoodWorks' stock price is currently Rs. 504.15, up 8.55 points or 1.73% from when it last closed on the BSE at Rs. 495.60.

The stock's opening price was Rs. 495.05, and it has since reached highs of Rs. 505.90 and lows of Rs. 493.00, respectively. 22327 shares have been exchanged so far on the counter. A 52-week high of Rs. 784.27 was reached on January 18, 2022, and a 52-week low of Rs. 451.60 was reached on May 12, 2022, for the BSE group "A" stock with a face value of Rs. 2.

The stock's highs and lows during the previous week were Rs. 505.90 and Rs. 485.85, respectively. The company currently has a market capitalization of Rs. 33243.00 crores. The company's promoters held 41.94% of the shares, while institutions and non-institutions held 47.66% and 10.40%, respectively.

Popeyes, a renowned US fried chicken brand, has opened its first restaurant in Chennai owing to Jubilant FoodWorks (JFL). The company is primarily recognized for its bold and well-known Louisiana-style fried chicken and its famous chicken sandwich, which became a worldwide hit.

Popeyes has more than 3900 restaurants spread over more than 30 countries, and the brand has achieved numerous successful launches there. Most recently, Popeyes had long lines of people waiting to try it in nations including the UK, Korea, Romania, China, Indonesia, and more. Popeyes is now riding the wave to serve its mouthwatering and delectable Louisiana-style Cajun chicken to Chennai Makkal.

Popeyes made its entrance into India with the opening of its first restaurant in Bengaluru, which was followed by a quick growth to 12 outlets throughout the city in less than a year, underscoring the brand's rising appeal with Indian customers.

India's largest and fastest-expanding food service provider is Jubilant FoodWorks. With exclusive rights for India, Nepal, Bangladesh, and Sri Lanka, the company and its subsidiary operate the Domino's Pizza brand.