AgenciesJubilant Foodworks' standalone net profit more than halved, falling 59% to Rs 47.5 crore for the quarter ended March. It was Rs 116 crore in the same quarter last year.
The company, which owns the master franchise of Domino's Pizza in India and a few other countries, posted an 8% jump in revenue from operations to Rs 1,252 crore during the fourth quarter against Rs 1,158 crore in the corresponding quarter of the previous year.
The company's board has recommended a dividend of Rs 1.20 (i.e. 60%) per equity share of a face value of Rs 2 each for the financial year 2022-23.
The profit after tax (PAT) before exceptional items was down 42% at Rs 67 crore.
The company's EBITDA (earnings before interest, tax, depreciation and amortisation) fell 13% YoY to Rs 252 crore for the quarter ended March. Meanwhile, margins declined 488 bps YoY to 20.1%.
In Domino’s, the dine-in and delivery channels registered 11% and 6% growth, respectively. The like-for-like (LFL) growth came in at -0.6%.
The company opened 61 new stores in India during the quarter. With the addition of 56 new stores and entry into six new cities, Domino’s has expanded its network strength to 1,816 stores across 393 cities.
Popeyes and Hong’s Kitchen also added one new store each, taking their network tally to 13 stores each. In Dunkin’, three new coffee-first stores were opened. 8 out of 21 Dunkin’ stores are now as per the brand’s new coffee-first identity.
"There are near-term concerns around historic high inflation and slowing market growth, but we are confident in our unique ecosystem’s ability to tap on the potential that lies ahead of us and reorient the business to deliver sustained profitable growth,” said Shyam S Bhartia, Chairman Jubilant FoodWorks.
"As we step into the new fiscal year, we derive confidence from the strength of our brands, operational prowess, quality of innovation, and commitment of our people to navigate the business well in the current environment," said Sameer Khetarpal, CEO and MD, Jubilant FoodWorks.
On Wednesday, Jubilant Foodworks was trading 0.90% higher at Rs 470.90 on NSE.
The company, which owns the master franchise of Domino's Pizza in India and a few other countries, posted an 8% jump in revenue from operations to Rs 1,252 crore during the fourth quarter against Rs 1,158 crore in the corresponding quarter of the previous year.
The company's board has recommended a dividend of Rs 1.20 (i.e. 60%) per equity share of a face value of Rs 2 each for the financial year 2022-23.
The profit after tax (PAT) before exceptional items was down 42% at Rs 67 crore.
The company's EBITDA (earnings before interest, tax, depreciation and amortisation) fell 13% YoY to Rs 252 crore for the quarter ended March. Meanwhile, margins declined 488 bps YoY to 20.1%.
In Domino’s, the dine-in and delivery channels registered 11% and 6% growth, respectively. The like-for-like (LFL) growth came in at -0.6%.
The company opened 61 new stores in India during the quarter. With the addition of 56 new stores and entry into six new cities, Domino’s has expanded its network strength to 1,816 stores across 393 cities.
Popeyes and Hong’s Kitchen also added one new store each, taking their network tally to 13 stores each. In Dunkin’, three new coffee-first stores were opened. 8 out of 21 Dunkin’ stores are now as per the brand’s new coffee-first identity.
"There are near-term concerns around historic high inflation and slowing market growth, but we are confident in our unique ecosystem’s ability to tap on the potential that lies ahead of us and reorient the business to deliver sustained profitable growth,” said Shyam S Bhartia, Chairman Jubilant FoodWorks.
"As we step into the new fiscal year, we derive confidence from the strength of our brands, operational prowess, quality of innovation, and commitment of our people to navigate the business well in the current environment," said Sameer Khetarpal, CEO and MD, Jubilant FoodWorks.
On Wednesday, Jubilant Foodworks was trading 0.90% higher at Rs 470.90 on NSE.
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