Domino’s India operator Jubilant Foodworks’ Q4 profit swells to ₹207.52 crore, revenue up 23.9% YoY

Jubilant Foodworks, which manages the Pizza major’s India restaurants, posted revenue from operations of ₹1572.80 crore, up 23.9% compared to ₹1269.85 crore in the same quarter the year before. The company’s EBITDA stood at ₹310.5 crore.

The India's largest foodservice company, Jubilant Foodworks Limited (JFL) added the highest number of restaurants in a single quarter with 112 stores in the fourth quarter of FY24. The company also garnered record-high new customer acquisitions, riding on the improvement of delivery under 20 minutes. Its Popeyes franchise restaurants added 42 new outlets in 15 cities.

JFL recorded revenue from operations at ₹1331.30 crore for India business, driven primarily by a 4.9% growth in Domino’s India. While from its international business revenue from operations stood at ₹242.70 crore.

The YoY revenue from operations grew to ₹5654.10 crore, which is a 9.6% surge. The group’s total stores reached 2,991 with 356 new stores in the past year. JFL’s gross profit came to ₹4313.00 crore, up 10.3%, while gross margin came in at 76.3%.

“FY24 was a year of significant shift as the acquisition of DP Eurasia elevates the profitable growth trajectory of the JFL Group,” said Shyam S Bhartia, Chairman and Hari S Bhartia, Co-Chairman, Jubilant FoodWorks Limited.

Meanwhile, the board of directors of the company has proposed a dividend of ₹1.2 per equity share, each with a face value of ₹2, for the financial year ending March 31, 2024. The dividend will come to ₹792 million. Now, the decision is pending for approval from shareholders at the upcoming Annual General Meeting of the company.

Jubilant Foodworks stock closed 1.22% lower at ₹473 apiece on the NSE.