Jubilant Foodworks Q3 Profits Drop to Rs 65 Crore amidst Muted Demand
Jubilant Foodworks Q3 Profits Drop to Rs 65 Crore amidst Muted Demand

Jubilant Foodworks Ltd (JFL), the company behind popular fast-food brands Domino's Pizza and Dunkin' Donuts, disclosed a consolidated net profit decrease of 18.23%, amounting to Rs 65.70 crore in the December quarter.

In the corresponding period of the previous year, Jubilant Foodworks Ltd (JFL) recorded a consolidated net profit of Rs 80.36 crore, as stated in a regulatory filing.

Nevertheless, the company reported a 3.47% rise in revenue from operations for the quarter, reaching Rs 1,378.11 crore, compared to Rs 1,331.81 crore in the corresponding period of the previous year.

The increase was propelled by a 6.2% rise in sales through Domino's Delivery channel. The average daily sales for mature Domino's stores amounted to Rs 80,111," stated JFL in its earnings report.

JFL recorded total expenses of Rs 1,311.94 crore in the December quarter, reflecting a 6.68% increase.

In the December quarter, the total revenue of JFL, the largest food service company in India, increased by 2.71% to reach Rs 1,382.27 crore.

In the quarter, JFL expanded its presence in India by inaugurating 58 new stores, bringing the total count across all brands to 2,007.

The company launched 40 additional outlets for its primary quick-service restaurant (QSR) brand, Domino's, marking entry into 10 new cities. According to JFL's earnings statement, this expansion increased the Domino's network to 1,928 stores spanning 407 cities.

JFL accelerated the expansion of the U.S.-based fried chicken brand Popeye by inaugurating 10 new restaurants, bringing the total network count to 32 establishments.

JFL expanded its Quick Service Restaurant (QSR) brands Hong's Kitchen and Dunkin' by launching four new restaurants each, bringing their cumulative counts to 22 and 25, respectively.

"Sustained delivery growth, highest ticket in nine quarters without a price increase in the last six quarters, adept cost optimisation making way for investments behind category development, and the accelerated expansion of Popeyes as an additional growth driver were the distinctive highlights from our quarter." said JFL Chairman Shyam S Bhartia and Co-Chairman Hari S Bhartia.

On Wednesday, shares of Jubilant Foodworks concluded at Rs 519.60 on the BSE, reflecting a 1.82% increase.

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