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<ul><li><keyword id="95677" type="CITY" weightage="20" keywordseo="Jubilant-FoodWorks">Jubilant Foodworks</keyword> announced a new brand called Ekdum! with a variety of <keyword id="555496" type="PERSON" weightage="20" keywordseo="Biryanis">biryanis</keyword> from across India. </li><li>The love for biryani was evident in the stock market as Jubilant’s share prices jumped by over 7% on Thursday (November 17) morning.</li><li>Last year in March 2019, Jubilant Foodworks had also forayed into the Chinese food segment with its own brand – Hong’s Kitchen. </li></ul>The parent company of Domino’s pizza and Dunkin’ Donuts knows what Indians love the most – Biryani. Jubilant Foodworks announced a new brand called Ekdum! with a variety of biryanis from across India. And the love for biryani was evident in the stock market as Jubilant’s share prices jumped by over 6% on Thursday (November 17) morning. Its share price stood at ₹2,873.45 as of 11.45 am. <div type="image" title="jubilant." msid="79774160" hostid="261"></div> The company announced its Biryani foray with the likes of Hyderabadi Nizami Biryani, Lucknowi Nawabi Biryani, Dindigul Biryani, Kolkata Biryani, Butter Chicken Biryani, Egg Biryani, Paneer Makhni Biryani, and Tawa Chicken Biryani. Jubilant is also keeping its offering in the affordable range with a starting price of ₹99. "In line with our strategy of portfolio expansion, we are delighted to introduce Ekdum!,our new venture in the Biryani category. We see strong potential in this segment and are confident that Ekdum!, with its sharp and differentiated proposition will create a strong position for itself in the market,” said Shyam S Bhartia, Chairman and Hari S. Bhartia Co-Chairman, Jubilant FoodWorks Limited in a joint statement. The foray into the Biryani segment has also been appreciated by market analysts as the food item is one of the most popularly ordered dishes across e-commerce as well as sit-in restaurants. “Biryani is one of the most popular dishes and a large category in India— it lends well to delivery, sells well across lunch/dinner, appeals across demographics and offers scale and robust profitability/return metrics,” said a report by Kotak Securities. The report further said that there are three factors to keep in mind for Jubilant’s new offering – the pricing is attractive, the economics that can be achieved with Biryani is comparable to that of Domino’s, however, while Domino’s has a consistent taste offering through its pizza, managing the same with biryani could be a difficult task as it will also depend on the chefs hired. And, the company will also face competition from established brands like Biryani By Kilo, Behrouz Biryani, Biryani Bluez as well as traditional biryani outlets across different cities which have a brand legacy working for them like Hyderabad’s Paradise Biryani, among others. “JFL is opening three restaurants in Gurgaon for Delivery, Takeaway and Dine-In, with more restaurants planned to open in NCR over the next few months. In our view, this is a positive move by the company, which would help JFL to boost the revenue growth significantly going ahead,” said Amarjeet Maurya, AVP, Mid Caps, Angel Broking. Last year in March 2019, Jubilant Foodworks had also forayed into the Chinese food segment with its own brand – Hong’s Kitchen. Having started with a single outlet in Gurugram, the brand has scaled to five more stores. And experts believe that both the biryani and chinese cuisine offerings will help the company. “In our view, the platform is in place to accelerate store additions to 100-125 per year in Domino’s and 30-40 aggregate between HK and Ekdum!. We believe there is room for Jubilant Foodworks to step up aggression and investments,” said the Kotak report. SEE ALSO: <a href="https://www.businessinsider.in/business/news/india-has-a-hot-new-debate-on-its-plate-should-the-likes-of-burger-king-kfc-and-mcdonalds-menus-mention-calories/articleshow/79771040.cms">India has a hot new debate on its plate: Should the likes of Burger King, KFC and McDonald’s menus mention calories?</a> <a href="https://www.businessinsider.in/india/news/cooking-lpg-gas-cylinder-prices-hiked-by-100-this-month-how-much-subsidies-on-gas/articleshow/79772801.cms">Cooking gas prices hiked by ₹100 this month – check what happens to subsidies</a>

Biryani makes Domino’s Indian franchise owner 7% fatter⁠— the street's evidently "jubilant"

<ul><li>2020 has indeed been a defining year for all delivery businesses in India.</li><li>However, this did not affect India's eternal love for <keyword id="41887" type="COMPANY" weightage="20" keywordseo="biryani">Biryani</keyword>. </li><li>Biryani was the most ordered dish on Zomato, Swiggy and Dunzo Bangalore. </li></ul>2020 has made me, as Micheal Scott puts it, a ‘little stitious’. I feel like I should hang a Nimbu Mirchi on Chicken Biryani’s Handi. Who knows what 2021 might bring along in the last level of Jumanji? What if I don’t see the elaichi in my Biryani and end up biting into it next year? (shrieks at the idea of it) <div type="image" title="Micheal scott meme" msid="80044330" hostid="261"></div> With the majority of the population being shut indoors for a larger part of 2020, Indians turned to their favourite food to cure their isolation blues. During this ‘unprecedented year,’ the only constant has been our undeniable love for good food. Food made quarantining, the long working hours and staying far from loved ones, a little easier and tastier. Some people put on their chef’s hat, others decided to order happiness from delivery apps like Swiggy, Zomato and Dunzo in the form of Biryanis. Our routines altered, we started exercising and jumped from one fitness app onto the other, but Biryani was that constant bright bowl of happiness. Why Biryani, you ask? Biryani is that pot of happiness that never disappoints. “Biryani ek art hai, art.” It takes you on a roller-coaster ride with its comforting warmth, spices that bring water in your eyes, elaichi (well, who put you here?), and its aroma. Like 2020, it is multi-layered but each layer promises something exciting and it also has different versions like Kolkata biryani, Muradabadi biryani, Hyderabadi Biryani, Ambur biryani, to name a few -- so that you never get bored. It is the best sleep inducer that makes a boring Zoom call interesting. It doesn’t burn in a hole in your pocket either. You can also take a picture of it to add some colours to your Instagram feed and your DMs flooding with, “akele akele” is just a perk that comes with it. Just a mention of it is enough to make one’s mouth water and feel hungry. Need I go on? Rebel Foods’ Behrouz Biryani even released a campaign to celebrate India’s love for Biryani. Speaking on why Biryani is special, Indrajit Ghosh, Global Head of Design &amp; Communication, Rebel Foods, said, “Biryani is not just-another dish in India. It evokes emotions and holds a special place in everyone’s lives.” It goes without saying that Indians’ love for Biryani was unaffected by the pandemic this year. In fact, the mighty Chicken Biryani reaffirmed its place as India’s favourite dish. It was the most ordered dish on FoodTech apps like Zomato, Swiggy and Dunzo. With a whopping 44,30,008 orders on Zomato and 5.5 lakh on Swiggy, it has enjoyed popularity across all states, leaving behind pizza, pasta and french fries. As per Swiggy’s StatEATstics report, Veg, Chicken, Mutton or Aloo, collectively some form of Biryani was ordered more than once every second in 2020! For every Veg Biryani, there were six Chicken Biryani orders. Chicken Biryani was the number one sold dish, Mutton Biryani snagged the 5th spot. Swiggy also added 3 lakh new customers because of Biryani as they made their debut on the app by ordering the dish. Zomato, on the other hand, delivered 22 biryani every minute in 2020! After the lockdown eased in our country, Zomato received around 44 lakh plus orders for Biryani and it even made a <a href="https://www.businessinsider.in/advertising/brands/news/zomato-wins-us-again-with-its-email-marketing-strategy-this-time-with-a-mailer-containing-biryanis-cv/articleshow/77871245.cms">CV </a>for its most-ordered dish to woo its consumers. <div type="image" title="biryani (1)" msid="80044372" hostid="261"></div> On Dunzo, Bangalore ordered the most Chicken Biryanis amongst other states. Google Trends’s interest chart is another proof why India’s love for Biryani is eternal. <div type="image" title="biryani interest - Google trends" msid="80044377" hostid="261"></div> Biryani also made Dominos’ franchise owner, Jubilant, fatter in November as its <a href="https://www.businessinsider.in/stock-market/news/dominos-pizza-parent-jubilant-foodworks-shares-rally-to-new-record-after-it-launches-biryani-brand-in-india/articleshow/79774051.cms">share prices</a> soared by 7%. It was shortly after Jubilant Foodworks announced a new brand called Ekdum! with a variety of biryanis from across India. It also filled the holes in our hearts as singles were responsible for more than 70% biryani orders, revealed Swiggy. Here's hoping 2021 doesn't break our love affair with this regal dish.

Biryani was a constant bright spot in our lives in 2020, Zomato, Swiggy and Dunzo give us the proof

<ul><li>At 7:45 am, the SGX Nifty was down 0.27%, indicating a tepid start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock-market indices are likely to start lower on Thursday, led by negative cues from the global markets. At 7:45 am, the SGX Nifty was down 0.27%, indicating a tepid start for Nifty50. The<a href="https://www.businessinsider.in/stock-market/news/nasdaq-closes-at-record-high-as-investors-digest-fed-action-and-stimulus-talks/articleshow/79769421.cms"> US equities closed mixed on Wednesday</a> as investors mulled the Federal Reserve’s forecast, disappointing economic data, and progress toward passing new stimulus. The Dow Jones Industrial Average closed 0.15% lower, and the S&amp;P 500 was up 0.18%. These are the stocks to watch out for during the trading session today: Hero MotoCorp The two-wheeler major Hero MotoCorp said it would hike the two-wheeler prices with effect from January 1. The company cited a steady rise in commodity costs across the spectrum, including steel, aluminium, plastics, and precious metals as the rationale behind the price hike. RIL, Airtel, Vodafone-Idea and other telecom stocks RIL, Airtel, Vodafone-Idea and other telecom stocks will be in focus during the trade today as the union cabinet approved a proposal to auction spectrum worth 4 lakh crore in March 2021. A total of <a href="https://www.businessinsider.in/business/telecom/news/indian-government-to-auction-spectrum-worth-4-lakh-crore-in-march-2021/articleshow/79757930.cms">2,251.25 MHz of spectrum</a> will be auctioned across seven bands. Future Enterprises Future Enterprises on Wednesday reported a consolidated net loss of ₹320.56 crore for the second quarter ended September 2020, on account of lower revenue from operations. The company had posted a net profit of ₹21.78 crore in the corresponding quarter a year ago. Wipro IT services major Wipro has completed the acquisition of 83.4% equity stake in Chennai-based Encore Theme Technologies. In October, Wipro announced that it had signed a definitive agreement to acquire Encore Theme, a specialist in providing SaaS and Cloud solutions in financial services, for up to ₹95 crore. IndusInd Bank The Private lender IndusInd Bank said the market regulator SEBI had granted a one-month extension for its promoters to infuse residual capital in lieu of conversion of warrants, issued to them last year, worth over ₹2,695 crore into equity. Computer Age Management Services (CAMS) Computer Age Management Services (CAMS) informed stock-exchanges that it had been considered eligible for selection and a further grant of registration as a Central Record Keeping Agency under the National Pension Scheme (NPS) under the Pension Fund Regulatory and Development Authority (Central Recordkeeping Agency) Regulations, 2015. IRCTC The government has proposed to offer up to 16 lakh equity shares to the eligible employees of the company at a price of ₹1,377.55 per equity share. Employee OFS will open from December 18 till December 21. Lakshmi Vilas Bank The Lakshmi Vilas Bank (LVB), which was amalgamated with DBS Bank last month has decided to delist its equity shares with effect from December 18. Jubilant FoodWorks Jubilant FoodWorks forays into the Biryani segment with a new brand ‘Ekdum!’ as part of its portfolio expansion. ‘Ekdum!’ will offer a variety of biryanis from across India along with kebabs, curries, breads, desserts and beverages. Balrampur Chini Mills, Dhampur Sugar Mills, Triveni Engineering, Shree Renuka Sugars and others Balrampur Chini Mills, Dhampur Sugar Mills, Triveni Engineering, Shree Renuka Sugars and other sugar stocks will be in focus during the trade today as the cabinet approved ₹3,500 crore subsidy for sugar farmers and ₹6,000 per tonne subsidy for sugar exports to be given for 60 lakh tonnes of sugar exports. SEE ALSO:<a href="https://www.businessinsider.in/business/corporates/news/interview-home-recipes-that-are-set-for-a-7-million-ipo-mrs-bectors-food-is-no-cookie-cutter/articleshow/79721783.cms" data-type="tilCustomLink"> INTERVIEW: Home recipes that are set for a $73 million IPO⁠— Mrs Bector’s Food is no cookie cutter</a> <a href="https://www.businessinsider.in/thelife/personalities/news/facebook-ceo-mark-zuckerberg-and-reliance-industries-mukesh-ambani-spoke-but-had-no-chemistry/articleshow/79739547.cms" data-type="tilCustomLink">Zuckerberg spoke to Ambani but there was no chemistry — even with a multi-million dollar partnership between them</a>

Top stocks to watch — Hero Moto, RIL, Bharti Airtel, Future Enterprises, Wipro, Jubilant FoodWorks, and others

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Biryani makes Domino’s Indian franchise owner 7% fatter⁠— the street's evidently "jubilant"

Sanchita Dash

Biryani was a constant bright spot in our lives in 2020, Zomato, Swiggy and Dunzo give us the proof

Karuna Sharma

Top stocks to watch — Hero Moto, RIL, Bharti Airtel, Future Enterprises, Wipro, Jubilant FoodWorks, and others

Navdeep Yadav

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