Jubilant FoodWorks revenue rises 63% to Rs 112.58 crore; income up 40.5% in April-June

Jubilant FoodWorks, operator of fast-food chains Domino’s Pizza and Dunkin’ Donuts, on Thursday reported a 63.01 per cent improve in its consolidated internet revenue at Rs 112.58 crore within the April-June quarter.

The firm had posted a consolidated internet revenue of Rs 69.06 crore in the identical quarter of the earlier fiscal, Jubilant FoodWorks Ltd (JFL) stated in a regulatory submitting.

Its income from operations throughout the quarter stood at 40.51 per cent at Rs 1,255.09 crore as towards Rs 893.18 crore within the year-ago interval, it added.

“The increase in revenue was driven by like-for-like growth of 28.3 per cent. Dine-in and takeaway channels combined witnessed strong sequential growth, while momentum continued in the delivery channel,” stated JFL in its earnings assertion.

JFL’s complete bills throughout the quarter had been 35.65 per cent larger at Rs 1,104.94 crore as in comparison with Rs 814.51 crore within the corresponding interval a yr in the past.

During the quarter, JFL opened 58 new eating places for Domino’s Pizza, including 12 cities to its community.

It was working a complete variety of 1,625 eating places as of June 30, 2022, throughout 349 cities.

The firm had closed 3 eating places for Dunkin’ Donuts, bringing the quantity right down to 25.

JFL opened 2 eating places and closed 6 eating places of its new QSR Brands – Hong’s Kitchen and Ekdum!, lowering the full depend to twenty by the top of the quarter.

During the quarter, in Sri Lanka, JFL registered system gross sales development of 83 per cent and opened 1 new retailer taking the community power to 36 shops, whereas in Bangladesh, system gross sales grew by 49 per cent, taking the shop depend to 10.

JFL is the unique grasp franchise to develop and function the Domino’s Pizza model in India, Sri Lanka, Bangladesh and Nepal.

It additionally has the franchise rights of the American multinational chain of fried rooster quick meals eating places ‘Popeyes’ for the Indian market and opened two new shops.

JFL chairman Shyam S Bhartia and co-chairman Hari S Bhartia stated this quarter’s outcomes had been pushed by sturdy demand, a marked resurgence in dine-in consumption and value administration within the wake of a excessive inflationary atmosphere.

Shares of Jubilant FoodWorks Ltd on Thursday had been buying and selling at Rs 564.80 on BSE, up 1.14 per cent from the earlier shut.