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3 min read | Updated on November 12, 2024, 11:04 IST
SUMMARY
For the quarter under review, Jubilant Foodworks reported a consolidated net profit of ₹66.53 crore against ₹97.2 crore logged in the corresponding quarter of the previous fiscal.
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A total of 51 net stores were added across all brands in India, ending the period with 2,199 stores.
For the quarter under review, the company reported a consolidated net profit of ₹66.53 crore against ₹97.2 crore logged in the corresponding quarter of the previous fiscal.
JFL said its consolidated financial results for the current periods are not comparable with those of previous periods as its wholly-owned subsidiary Jubilant Foodworks Netherlands B.V. acquired a controlling stake in DP Eurasia N.V. (DPEU) during the period ended March 31, 2024, and according to which the group has accounted for its investment in DPEU.
Revenue from operations during the second quarter came in at ₹1,954.72 crore, as against ₹1,368.63 crore registered in the year-ago period, the filing added.
Total expenses in the second quarter were at ₹ 1,895.67 crore. It was at ₹1,290.17 crore in the year-ago period.
Shyam S. Bhartia, Chairman, and Mr. Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited, commented, “Our commitment to convenience, innovation, and consumer value is driving competitive growth. We sustained broad-based momentum in Q2, achieving system sales of Rs. 45.1 billion in H1, and grew the JFL network to 3,130 stores by adding 139 stores across brands and markets. We’re also pleased with the elevated trajectory in operating profit, enabled by the acquisition of a well-run franchised network in Turkey, which complements our corporate-owned store set up in India.”
Revenue from operations at ₹1,466.9 crore registered a growth of 9.1%, driven by 8.1% growth in Domino’s India. Domino’s LFL came in at 2.8%, with Domino’s Delivery LFL at 11.4%. EBITDA was ₹284.2 crore, and EBITDA margin came in at 19.4%. PAT was ₹52.1 crore, and PAT margin came in at 3.5%.
A total of 51 net stores were added across all brands in India, ending the period with 2,199 stores.
Like for Like (LFL) retail sales growth refers to the growth in sales as recorded by the same number of stores a year ago.
In Turkey, Azerbaijan, and Georgia, DP Eurasia system sales came in at ₹771.9 crore. Revenue from operations came in at ₹460.5 crore. EBITDA margin came in at 26.1%.
PAT margin was strong at 10.5%. Revenue from Domino’s Bangladesh came in at ₹12.6 crore, lower by 5.3% on account of temporary store closures amidst a challenging operating environment. All stores are now operational.
Revenue from Domino’s Sri Lanka came in at ₹17 crore, up by 33.6%. Strategic store relocations, new product launches, and focused local initiatives led to a strong performance.
A total of 22 net stores were added across all brands in the international markets, ending the period with 931 stores, the company said in its investor presentation.
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