Jubilant Foodworks Ltd (JBL), which operates fast-food chains Domino's Pizza and Dunkin' Donuts, on Wednesday reported a 9.8 per cent year-on-year (YoY) rise in net profit at Rs 137.3 crore.
The company's revenue from operations grew 12.9 per cent to Rs 1,193.5 crore on the back of an improved recovery in dine-in channel, which was well supported by a continued strong momentum in delivery channel. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 13.9 per cent to Rs 317.4 crore.
EBITDA margin expanded by 24 basis points to 26.6 per cent despite significant headwinds, the company said in a release.
The company's board also approved splitting of its equity share having face value of Rs 10 each into fully 5 equity shares having face value of Rs 2 each, subject to the approval of the shareholders.
Splitting the shares in 1:5 equity ratio will enhance the liquidity of company's shares and encourage the participation of small investors by making it more affordable. JBL expects the stock split to be completed within 3 months of receiving the approval
from the shareholders of the company.
(More details to follow)
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