Dominos Pizza operator Jubilant FoodWorks (JFL) share price on Wednesday increased by 7 per cent to trade at a record high price of Rs. 4,166.40. The company’s share prices increased by 34 per cent in the past month following the Q1FY22 results for the quarter that ended in June.
In Q1FY22, JFL reported a net profit of Rs 69.06 crore. The company revenue from operations stood at Rs 893.19 as against Rs Rs. 388.41 crores last year.
Speaking about the result, Mr Shyam S. Bhartia, Chairman said, “Q1 FY22 was one of the most challenging quarters with the sudden onslaught of the second wave of the pandemic. Given the severity of the situation, our most important priority during the quarter was to support our employees and their families. We are extremely proud of how the team came together to deliver a strong and resilient performance. With vaccinations well underway, we believe that the worst is behind us and we are confident of delivering strong, sustained growth in the periods ahead.”
Jubilant Foodworks Limited (JFL/Company) is part of Jubilant Bhartia group and is India’s largest foodservice Company. Its Domino’s Pizza franchise extends across a network of 1,380 restaurants in 298 cities. The Company has the exclusive rights to develop and operate Domino’s Pizza brand in India, Sri Lanka, Bangladesh, and Nepal. The Company also has exclusive rights to develop and operate Dunkin’ Donuts restaurants in India, which has 27 restaurants across 8 cities in India.