Jubilant Foodworks’ net profit grew 395.5 percent year-on-year for the quarter ended March. The company’s revenue grew by 14.3 percent to Rs 1,025.9 crore. However, the company’s results have been slightly weaker than analysts’ expectations.
The company’s board has approved a dividend of Rs 6 per share for the last financial year.
Jubilant Foodworks’ profit before tax, interest, depreciation and amortization stood at Rs 249.2 crore. The company’s operating margin grew 5.42 per cent year-on-year to 24.3 per cent.
The reason for the increase in the company’s revenue and profit is the base effect as the company’s sales were affected due to the lockdown since the beginning of Corona last year.
Jubilant FoodWorks, which operates Domino’s Pizza outlets in the country, reported same-store sales growth of 11.8 per cent in the March quarter as against negative 3.4 per cent in the same period last year.
Prateek Pota, Chief Executive Officer of the company said, “The company has returned to growth path in the March quarter. We have opened a large number of new stores, improved operating margins and increased the number of our brands.”
The company opened 50 new outlets in the fourth quarter. It has also closed four outlets. Jubilant Foodworks has opened its new brands Hong’s Kitchen and two brand new restaurants.
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