Jubilant FoodWorks, operator of fast-food chains Domino’s Pizza and Dunkin’ Donuts, on Tuesday reported a 9.76 per cent rise in its consolidated net profit at Rs 131.52 crore for the second quarter ended September 30, 2022. The company had posted a net profit of Rs 119.82 crore in the July-September quarter a year ago, Jubilant Foodworks Ltd (JFL) said in a regulatory filing.
Its revenue from operations grew 16.6 per cent to Rs 1,301.48 crore during the quarter under review as against Rs 1,116.18 crore in the year-ago period.
“The growth in revenue was driven by like-for-like growth of 8.4 per cent and healthy performance of new stores. The dine-in and takeaway channels combined saw strong year-on-year growth, while the delivery channel posted decent growth on a higher basis,” JFL said in its income statement.
JFL’s total expenses grew 19.76 per cent to Rs 1,153.92 crore in the September quarter. During the quarter, JFL continued its expansion and opened 76 new Domino’s stores, taking the strength of the network to Domino’s. India This includes 1,701 stores.
The company entered 22 new cities during the quarter and expanded its reach to 371 cities across India.
The company closed 2 restaurants and opened a new one for Dunkin’, reducing that number to 24.
JFL with its new QSR Brands – Hong’s Kitchen and Ekdam! During the quarter, in Sri Lanka, JFL registered a system sales growth of 37 per cent and opened 4 new stores taking the network strength to 40 stores.
In Bangladesh, sales of the system increased by 42 percent. JFL’s earnings statement said that with the opening of 1 new outlet, the number of stores in Bangladesh has reached 11 stores.
JFL is the exclusive master franchisee developing and operating the Domino’s Pizza brand in India, Sri Lanka, Bangladesh and Nepal.
It also holds the franchise rights for the American multinational chain of fried chicken fast food restaurant Popeyes for the Indian market.
Meanwhile, in a separate filing, JFL said that its board in a meeting held on Tuesday approved the internal restructuring of its foreign subsidiaries, where some of the company’s foreign subsidiaries would be organized under Jubilant Foodworks International Luxembourg, is a wholly owned subsidiary. of the company
It has approved the sale of all JFL’s shares in Jubilant Foodworks Lanka, Jubilant Foodworks Bangladesh and DP Eurasia to Jubilant Foodworks International Luxembourg.
JFL President Shyam S Bhartia and Co-Chairman Hari S Bhartia said: “The continued strength of loyalty, regional menu innovation, sharp digital focus and on-ground operational execution defined our record Q2 performance despite the challenges of high inflation. “
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