Jubilant FoodWorks Q3 income jumps 31% at Rs 1,057 crore
2 min read New Delhi: Food providers main Jubilant FoodWorks, which operates Domino’s Pizza and Dunkin’ Donuts chain in India, stated on Wednesday its income from operations in Q3 FY21 grew sequentially by 31 per cent at Rs 1,057 crore.
Domino’s witnessed full gross sales restoration throughout the quarter backed by continued sturdy progress momentum in supply and takeaway channels which grew by 18.5 per cent and 64.3 per cent respectively. The gross sales restoration continued in January with total gross sales for Domino’s rising by 6 per cent, pushed by 19.2 per cent progress in supply and 73.4 per cent progress in takeaway.
Earnings earlier than curiosity, taxes, depreciation and amortisation (EBITDA) at Rs 279 crore in Q3 FY21 grew by 9.9 per cent and EBITDA margin at 26.4 per cent elevated by 243 foundation factors year-on-year.
Profit after tax at Rs 125 crore grew by 20.6 per cent and revenue margin at 11.8 per cent was up by 205 foundation factors year-on-year.
The firm’s liquidity strengthened additional throughout the quarter with whole money and money equivalents, financial institution deposits and investments growing to Rs 952 crore as on December 31, 2020, up from Rs 828 crore as on September 30, 2020.
“As the Covid impact abates further, we believe that we are in for a period of strong, sustained growth in the future,” stated Chairman Shyam S Bhartia and Co-Chairman & Managing Director Hari S Bhartia.
“The terrific work done by the teams and the bold steps that have been taken have led us to emerge even stronger from this crisis,” they stated in a press release.
Pratik Pota, CEO and Wholetime Director, stated a powerful on-ground execution, consumer-relevant improvements, continued investments in digital, disciplined management on prices and a ramp-up in new shops all helped the corporate ship a powerful efficiency final quarter.
“We are now shifting gears and preparing for an exciting period of growth ahead,” he stated.
Jubilant Foodworks is India’s largest meals service firm. Its Domino’s Pizza franchise extends throughout a community of 1,314 eating places in 285 cities.
The firm additionally has unique rights to develop and function Dunkin’ Donuts eating places in India which has in operation 27 eating places throughout 8 cities.
