Jubilant FoodWorks Q1 Results: Profit plunges 31% YoY to Rs 51.5 crore; revenue jumps 10%
During the quarter, the pizza seller reported a 9.9% YoY rise in its revenue from operations to Rs 1,439.6 crore compared to Rs 1,309.6 crore in the year-ago period. The revenue uptick was mainly driven by 8.5% growth in Domino’s India.
EBITDA for the reporting quarter surged marginally by 0.7% YoY to Rs 278.2 crore, compared with Rs 276.4 crore in the last year period. Meanwhile, margins contracted by 180 bps YoY to 19.3%.
Domino’s like-for-like (LFL) sales growth was reported at 3.0%, with Domino’s Delivery LFL at 12.1%. A total of 52 net stores were added across all brands in India, expanding the group's store network to 3,057 with the addition of 66 net stores during the quarter.
“We achieved solid first quarter results, with broad based growth across markets led by healthy LFL and store growth. We also celebrated network milestones of crossing 3,000 stores at a Group level and setting a new record of operating 2,000+ Domino’s stores in India. India business growth in particular, accelerated with a sharpened value for money focus in Domino’s, through delivery fee waiver well supported by continued network expansion. We remain on track to become India’s first foodservice Company to cross $1 bn in group system sales," said Shyam S. Bhartia, Chairman, and Hari S. Bhartia, Co-Chairman of Jubilant FoodWorks.
International Segment
Domino’s system sales in Turkey, Azerbaijan, and Georgia reached Rs 7,15.1 crore, with Domino’s Turkey reporting LFL growth of 10.3%. COFFY’s system sales were worth Rs 65.7 crore,
