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Tag: Jubilant FoodWorks Limited

  • Jubilant FoodWorks Limited Q2FY19 standalone net profit rises yoy

    Jubilant FoodWorks Limited Q2FY19 standalone net profit rises yoy

    Jubilant FoodWorks Limited (JFL) has reported its financial results for the quarter and half year ended September 30, 2018. Operating revenues for Q2 FY19 were Rs 8,814 million, a growth of 21.3 percent over Q2 FY18 and a sequential growth of 3.1 percent over the previous quarter, driven by a strong same store growth (SSG) of 20.5 percent in Domino’s Pizza.

    EBITDA for Q2 FY19 came in at Rs.1,475 million at 16.7 percent of revenue, a growth of 44.4 percent over Q2 FY18. Profit after Tax in Q2 FY19 was at Rs 777 million at 8.8 percent of revenue and a growth of 60.2 percent over Q2 FY18.

    The strong performance in Q2 FY19 was a result of continued momentum driven by strategic initiatives taken during the recent past such as the product upgrade All New Domino’s, Every Day Value (EDV) extension to regular pizza and the continued momentum of online sales driven by the new Domino’s app.

    In particular, the new Domino’s app introduced during Q1 FY19 has been liked and received strong user ratings. Features like Easy Location Selection, Automatic Re-ordering, Train Ordering, Advance Ordering and hassle free payments have been well received. Online sales were up to 68 percent of delivery sales in the quarter, with 1.7 million downloads of the new app, the highest ever.

    The company stepped up the store opening momentum during the quarter, with 24 new Domino’s stores being opened, the highest in the last seven quarters.

    Dunkin’ Donuts too did well with strong growth driven by donuts and beverages; its losses more than halved over last year.

    Commenting on the performance for Q2 FY19, Shyam S. Bhartia, Chairman and Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited said, “We are pleased with our Q2 FY 19 performance. Strong growth momentum continues to be driven by successful execution of growth strategy outlined at the beginning of FY 2018. ”

    Commenting on the performance for Q2 FY19, Pratik Pota, CEO and Whole time Director, Jubilant FoodWorks Limited said, “Despite significantly increased competitive intensity, Q2FY19 was yet another strong quarter delivered by our continued focus on the basics. Growth was driven by a strong and sustained momentum in delivery orders. In particular, our digital focus showed good results with strong online sales growth, enabled by the new Domino’s app garnering strong user ratings and having a slew of innovative and user friendly features. Dunkin’ Donuts too delivered healthy growth and is moving towards profitability.”

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  • Jubilant FoodWorks operating revenues for Q1 FY19 stand strong at Rs 8,551 million

    Jubilant FoodWorks operating revenues for Q1 FY19 stand strong at Rs 8,551 million

    Jubilant FoodWorks Limited reported its financial results for the quarter ended 30th June, 2018.

    Operating Revenues for Q1 FY19 stood strong at Rs 8,551 million, representing a growth of 26.0 percent over Q1 FY18, and a sequential growth of 9.6 percent over the preceding quarter. The growth was on the back of a strong Same Store Growth (SSG) of 25.9 percent in Domino’s Pizza.

    Overall profitability also improved, with EBITDA for Q1 FY19 coming in at Rs 1421 million at 16.6 percent of revenue, a growth of 78.5 percent over Q1 FY18. Profit after Tax in Q1 FY19 stood at Rs.747 million at 8.7 percent of revenue and a growth of 213.2 percent over Q1 FY18.

    The strong performance in Q1 FY19 was on account of a good response to the Every Day Value offer on regular pizzas launched in March 2018, and which was supported aggressively during the IPL T20 cricket season. In addition to this, the continued success of the all new Domino’s product upgrade launched last year also drove a strong growth in core pizza orders.

    In addition, Dunkin’ Donuts made sustained progress towards its goal of breaking even with a slew of innovations that drove sales growth and which was accompanied by disciplined cost management.

    Commenting on the performance for Q1 FY19, Shyam S. Bhartia, Chairman and Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited said,”We are pleased to start the year on a strong note with our robust performance in Q1 FY19. The strong growth in Domino’s came on the back of a superior product, Value for money delivery and growing digital contribution. This together with our focus on achieving break-even in Dunkin’ Donuts by the end of the financial year will continue to drive profitable growth for us.”

    Commenting on the performance for Q1 FY19, Pratik Pota, CEO and Whole time Director, Jubilant FoodWorks Limited said, “We delivered a strong quarter in both Domino’s and Dunkin’ Donuts. In Domino’s, the extension of EDV to Regular Pizzas received a very good response with an increase in both new customer acquisition as well as existing customer frequency. Dunkin’ Donuts too saw encouraging growth and made good progress towards profitability on the back of successful innovations and disciplined cost management.”