Jubilant Foodworks Q2 net profit grows 9.8% year over year to Rs 131.5 crore, while revenue increases 16%

During the quarter, the company expanded into 22 new cities and opened 76 new Domino’s locations.

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According to the consolidated financial figures released by the firm on November 8, Jubilant Foodworks, which has the master franchise for Domino’s Pizza operations in India, made a net profit of Rs 131.5 crore for the quarter ending in September 2022.

Comparing the current quarter to the same period last year, the net profit increased by 9.8% to Rs 119.8 crore. The profit for the June 2022 quarter came in at Rs 112.5 crore, therefore the figures were also higher sequentially.

A 16.6 percent increase over the revenue of Rs 1,116.2 crore recorded in the comparable quarter of the previous fiscal, the company reported revenue from operations of Rs 1,301.5 crore in Q2 FY23.

EBITDA, or earnings before interest, taxes, depreciation, and amortisation, increased 8.4% to Rs 311.9 crore for the quarter from Rs 287.6 crore in the same quarter last year. In Q2 FY22, the EBITDA margin was 25.8 percent; this quarter, it was 24 percent.

In a press release, Jubilant Foodworks stated that it added 76 additional Domino’s locations during the quarter, bringing the total number of locations for the chain in India to 1,701. The company expanded its coverage to a total of 371 cities across India during the three-month period by entering “22 additional cities,” it claimed.

In addition, the Domino’s app received 90 lakh downloads between July and September, which is a quarter-high.

“We delivered strong top-line growth supported by robust Like-for-Like growth in Domino’s led by our digital and physical footprint. Despite inflation, our performance on margins has been consistent and strong, driven by disciplined cost control and calibrated pricing actions in the past,” Jubilant FoodWorks’ CEO and MD Sameer Khetarpal said.

“Across brands, we continue to innovate on direct-to-consumer offerings – offering great value, a new range of pizzas, the convenience of ordering through our app and faster speed of delivery,” the MD added.

On November 7, Jubilant Foodworks’ shares reached a closing price of Rs 612.7 on the BSE, 1.06 percent higher than the previous day’s finish.