Jubilant FoodWorks Q1 results: Net profit comes in at ₹29 crore; revenue rises to ₹1,334.5 crore
Jubilant FoodWorks, the Domino’s Pizza chain operator in India, reported a consolidated net profit of 28.9 crore in the first quarter of FY24. The company had posted a net profit of ₹112.6 crore in the corresponding quarter of previous fiscal. The company’s consolidated revenue in Q1FY24 increased 1.7% to ₹1,334.5 crore from ₹1,312 crore, YoY.
On a standalone basis, the company’s revenue from operations registered a growth of 5.6% YoY at ₹1,309.7 crore. The growth was driven by Domino’s Delivery channel sales which increased by 8.4%. The ADS of mature stores, came in at ₹81,049, up by 2.7% sequentially.
Domino's Like-for-Like (LFL) Growth came in at -1.3%, the company said in a release. Its standalone net profit came in at ₹75.2 crore and net profit margin was 5.7%, higher by 195 bps sequentially. Also Read: Asian Paints Q1 results: Net profit jumps 52% to ₹1,575 crore; revenue growth at 6.6% YoY “Our strategy of customer first and technology forward has started to yield positive results.
ADS for mature stores grew by 2.7% sequentially, decline in ticket size was arrested, app-installs, loyalty enrolments reached a new peak, and we executed efficiently to expand EBITDA margin by 97 bps versus the previous quarter," said Sameer Khetarpal, CEO and MD, Jubilant FoodWorks. At the operational level, earnings before interest, taxes, depreciation and amortization (EBITDA) during the quarter rose marginally to ₹275.8 crore from ₹275 crore in the year-ago quarter. EBITDA margin was at 20.7% from 21% YoY.
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