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  • Jubilant FoodWorks Q3 net profit up 46 pc to Rs 96.5 cr

    Jubilant FoodWorks Q3 net profit up 46 pc to Rs 96.5 cr

    Jubilant FoodWorks Limited (JFL) has reported its financial results for the quarter and nine-months ended December 31, 2018. Operating revenue for Q3 FY19 stood at Rs 9,291 million, representing an increase of 16.8 percent over Q3 FY18, and a sequential growth of 5.4 percent over the preceding quarter. The growth was driven by a strong 14.6 percent same store growth (SSG) in Domino’s Pizza.

    EBITDA for Q3FY19 was Rs 1,706 million, or 18.4 percent of revenue, a growth of 24.6 percent over Q3FY18 and a margin expansion of 120 bps. This is the highest EBITDA margin in seven years.

    Profit after Tax in Q3 FY19 stood at Rs 965 million, or 10.4 percent of revenue, a growth of 46.2 percent over Q3 FY18 and a margin expansion of 210 bps.

    During the quarter, the company added new products to its portfolio. Domino’s launched ‘Multigrain Crust’ with an objective of offering a wider range to the customers. In addition to this, the company also introduced four new side dishes viz. Potato Cheese Shots, Crunchy Strips, Crinkle Fries and Brownie Fantasy.

    The store opening momentum accelerated during the quarter, with 35 new Domino’s stores being opened during the quarter.

    Dunkin’ Donuts delivered break-even in Q3 FY19 on the back of strong growth in the core portfolio of Donuts and Beverages, as also disciplined cost management.

    Commenting on the performance for Q3 FY19, Shyam S. Bhartia, Chairman and Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited said, “I am delighted to share that we have once again delivered healthy earnings growth during the quarter which stood in-line with our expectations. Performance was driven by consistent progress made across each of the growth pillars.”

    Commenting on the performance for Q3 FY19, Pratik Pota, CEO and Whole time Director, Jubilant FoodWorks Limited said, “We have demonstrated strong all-round performance in Q3 FY19, led by robust same-store sales growth (SSSG) of 14.6 percent reported in Domino’s Pizza. This was accompanied by a tight control on operating costs that led to EBITDA margins improving to a seven year high of 18.4 percent. In addition, Dunkin’ Donuts also broke even during the quarter, ahead of the targeted Q4 timeline. We are happy with our performance and confident of the prospects ahead, as evident in the 35 new stores opened in Q3, the highest in eleven quarters.”

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  • 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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