Jubilant FoodWorks’ profit up 9.7% in Q2 | Mint
Active Stocks
Wed Feb 21 2024 15:59:55
  1. Tata Steel share price
  2. 143.85 1.99%
  1. Bharti Airtel share price
  2. 1,139.75 -0.38%
  1. State Bank Of India share price
  2. 771.55 1.51%
  1. Power Grid Corporation Of India share price
  2. 280.15 -2.71%
  1. ITC share price
  2. 403.30 -0.68%
Business News/ Companies / Company Results/  Jubilant FoodWorks’ profit up 9.7% in Q2
BackBack

Jubilant FoodWorks’ profit up 9.7% in Q2

Standalone operating revenue in the three months ended 30 September was up 16.6% to ₹1,301.4 crore from a year ago

Input cost pressures persisted, and expenses grew 19.7% from the year ago to ₹1,193.52 crore.Premium
Input cost pressures persisted, and expenses grew 19.7% from the year ago to 1,193.52 crore.

NEW DELHI : Jubilant FoodWorks Ltd has posted a 9.7% growth in consolidated profit in the second quarter to 131.5 crore. In the year-ago period, the company, which holds the exclusive master franchise rights of Domino’s Pizza in India, Bangladesh, Sri Lanka and Nepal, posted a profit of 119.82 crore.

Standalone operating revenue in the three months ended 30 September was up 16.6% to 1,301.4 crore from a year ago.

Input cost pressures persisted, and expenses grew 19.7% from the year ago to 1,193.52 crore.

“Revenue was driven by like-for-like growth of 8.4% and the healthy performance of the new stores. Dine-in and takeaway channels witnessed strong year-on-year growth, while delivery channel registered handsome growth on a high base," it said in a filing to the exchanges.

It opened 76 new Domino’s stores in the quarter, taking the total count to 1,701 stores, and expanded its footprint across 22 new cities. As of 30 September, it has a presence in 371 cities in India. It also opened two new stores for Popeyes and one store for Dunkin’.

“Regional menu innovation, loyalty, sharp digital focus and on-ground operational execution defined our record performance in Q2," said Shyam S. Bhartia, chairman, and Hari S. Bhartia, co-chairman, Jubilant FoodWorks.

The promoters of HT Media Ltd, which publishes Mint, and Jubilant FoodWorks are closely related. There are, however, no promoter cross-holdings.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 09 Nov 2022, 12:56 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App