New Delhi: Jubilant FoodWorks Ltd (JFL), which runs fast-food chains such as Domino’s Pizza and Dunkin Donuts, on Wednesday reported a 62.58 percent rise in consolidated net profit to Rs 94.33 crore during the June quarter.
The company had reported a net profit of Rs 58.02 crore in the April-June quarter a year ago, JFL, a unit of Jubilant Indian group, said in a regulatory filing.
Revenue from operations rose 16.95 percent to Rs 2,260.86 crore in the June quarter from Rs 1,933.06 crore a year ago.
Its total expenses rose 15.3 per cent to Rs 2,153.74 crore in the June quarter.
JFL’s total revenue, which includes other income, grew 16.88 per cent to Rs 2,279.39 crore.
JFL’s revenue from the Indian market during the quarter stood at Rs 1,701.6 crore, registering a growth of 18.2 percent, the company said in its earnings presentation. The growth was led by a 17.7 percent growth in Domino’s Indian business.
“Sales in Turkey stood at Rs 930 crore… Domino’s Sri Lanka revenue stood at Rs 24.8 crore, up 42.4 percent. Domino’s Bangladesh revenue stood at Rs 17.7 crore, up 4.3 percent. A total of 13 stores across all brands opened in international markets, taking the total to 1,025 stores by the end of the period,” the company said in a filing.
JFL added 71 stores during the quarter, taking the group’s network to 3,387 stores, of which Domino’s has a network of 3,098 stores.
Sameer Kheterpal, CEO and MD of the company, said, “The first quarter has started off on a strong note, setting up a dynamic environment for the year ahead. We have accelerated menu innovation, significantly increased the share of our digital assets and made decisive progress towards achieving 20-minute delivery.”
At the same time, we continue to expand Popeyes with the ambition of making it India’s most loved chicken brand. He added, “Our focus is on improving margins in the business, while maintaining strong cash flows from our Turkey business.”
JFL is a leading QSR chain operator with franchise rights for three global brands – Domino’s, Popeyes and Dunkin’ – and two owned brands – Hong’s Kitchen, an Indo-Chinese QSR brand in India, and Coffee, a café brand in Turkey.
Shares of Jubilant FoodWorks on Wednesday closed at Rs 639.90, up 1.09 per cent on the BSE.
