Jubilant Foodworks shares in focus as LPG shortage hits Domino’s Pizza’s India operator

The shares of Jubilant Foodworks will remain in focus on Monday after India’s largest food services chain, which operates Domino’s Pizza and Dunkin Donuts, announced that the supply of LPG cylinders to certain parts of its store network has been constrained amid the Middle East crisis.Jubilant Foodworks, in an exchange filing released on Saturday, said it is taking several steps to conserve LPG and working overtime to move to alternate energy sources like electricity and piped natural gas (PNG). “The company is in constant engagement with oil marketing companies (OMCs) to remain apprised of the latest developments and plan operational responses accordingly, given the rapidly evolving nature of the situation,” it added.

The Domino’s Pizza India operator has resilient systems and processes in place to navigate short‑term operational challenges and will continue to closely monitor the situation, the company added.Notably, QSR stocks including Jubilant Foodworks, KFC and Pizza Hut operators Devyani International and Sapphire Foods, McDonald’s operator Westlife FoodWorld and others have seen a notable decline in March so far as the war between Iran and US-Israel led to the prolonged closure of the Strait of Hormuz, causing massive trade disruption.

India imports more than 60% of its domestic LPG needs, and around 85–90% of these imports pass through the Strait of Hormuz. The country consumed 31.3 million tonnes of LPG in FY25, of which only 12.8 million tonnes were produced domestically.

The Indian government on Sunday said two LPG carriers named BW TYR and BW ELM, which are carrying a combined LPG cargo of about 94,000 MT, have safely transited the Gulf region and are moving towards the Indian shores. Amid India’s diplomatic efforts, a total of 18 Indian-flagged vessels with 485 Indian seafarers still remain in the western Persian Gulf region. The Centre is taking “proactive measures” to maintain uninterrupted availability of petroleum products and LPG across the country.
Jubilant Foodworks shares have fallen more than 10% in the past one month, but gained over 2% in the past five days. The stock is down nearly 18% in 2026 so far. The company’s market capitalisation stood at more than Rs 30,022 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)