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Business News/ Markets / Stock Markets/  Jubilant FoodWorks Q4 results: Net profit falls 59% YoY to 47.5 crore; declares dividend of 1.20
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Jubilant FoodWorks Q4 results: Net profit falls 59% YoY to ₹47.5 crore; declares dividend of ₹1.20

The operator of Domino's chain in India reported revenue of ₹1,252.3 crore in Q4FY23, a growth of 8.2% as compared to ₹1,157.8 crore, YoY.

The board of directors of the company recommended a dividend of ₹1.20 per share. (Bloomberg)Premium
The board of directors of the company recommended a dividend of 1.20 per share. (Bloomberg)

Food service company Jubilant FoodWorks posted a net profit of 47.5 crore in the fourth quarter of FY23, registering a 59% drop from 116 crore in the corresponding quarter of last year. 

The operator of Domino's chain in India reported revenue of 1,252.3 crore in Q4FY23, a growth of 8.2% as compared to 1,157.8 crore, YoY.

In Domino’s, the Dine-in and Delivery channel registered 11.5% and 5.7% growth, respectively. The LFL (like-for-like) growth came in at -0.6%.

On the operational level, earnings before interest, tax, depreciation and amortization (EBITDA) during the quarter decreased 12.9% to 252.2 crore from 289.7 crore, while EBITDA margin contracted 490 bps to 20.1% from 25%, YoY.

“We are accelerating efforts to execute and deliver on the plans we’ve put into action to revert to high top-line growth while significantly improving all aspects of our cost structure. This quarter saw encouraging progress on registering order led growth while limiting the impact of inflation on our gross margins through a series of well-timed interventions," said Sameer Khetarpal, CEO and MD, Jubilant FoodWorks.

The board of directors of the company recommended a dividend of 1.20 per share, i.e. 60% of face value of 2 each for Financial Year 2022-23.

Also Read: ITC Q4 results preview: Cigarettes, FMCG biz revenue growth, PAT; key factors here

For the fiscal-year ended March 2023, the company’s revenue from operations of 5,096 crore increased 17.7% versus the prior year. In Domino’s, the Delivery and Dine-in channel registered 8.4% and 35.6% growth, respectively. The LFL and SSG growth came in at 8.9% and 6.0% respectively, for FY23.

The company opened 61 new stores in India. With the addition of 56 new stores and entry in six new cities, Domino’s has expanded its network strength to 1,816 stores across 393 cities. 

“The Company opened one new restaurant for Popeyes and Hong’s Kitchen, 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," Jubilant FoodWorks said in a release.

At 2:10 pm, the shares of Jubilant FoodWorks were trading 1.76% higher at 474.70 apiece on the BSE.

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

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Published: 17 May 2023, 02:18 PM IST
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