Jubilant Foodworks reports Q1 PAT at Rs69cr; stock soars 12%

The sales rose 129.96% to Rs893.19cr in the quarter ended June 2021 as against Rs388.41cr during the previous quarter ended June 2020.

Jul 22, 2021 05:07 IST India Infoline News Service

Jubilant FoodWorks
Jubilant Foodworks Limited posted a net profit of Rs69.52cr in the quarter ended June 2021 as against net loss of Rs73.90cr during the previous quarter ended June 2020.

The sales rose 129.96% to Rs893.19cr in the quarter ended June 2021 as against Rs388.41cr during the previous quarter ended June 2020.

Revenue from Operations in Q1 FY22 stood at Rs. 8,790 million, a growth of 131.1% over same period last year. This was driven by Domino’s LFL Sales growth of 120.4% and SSG of 114.2%. The growth in Delivery channel, which grew by 123.7%, mitigated the impact on account of Dine-in channel being shut for a long time and mobility restrictions impacting the takeaway channel.

EBITDA came in at Rs. 2,115 million in Q1 FY22 and EBITDA margin was 24.1%. Profit After Tax came in at Rs. 626 million and Profit margin was 7.1%.

Commenting on the performance for Q1 FY22, Mr. Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co-Chairman, Jubilant Foodworks Limited said,

“Q1 FY22 was one of the most challenging quarters with the sudden onslaught of the second wave of the pandemic. Given the severity of the situation, our most important priority during the quarter was to support our employees and their families. We are extremely proud of the manner in which the team came together to deliver a strong and resilient performance. With vaccinations well under way, we believe that the worst is behind us and we are confident of delivering strong, sustained growth in the periods ahead.”

Commenting on the performance for Q1 FY22, Mr. Pratik Pota, CEO and Wholetime Director, Jubilant Foodworks Limited said, “Q1 FY22 was a true test of character and I am pleased with our gritty performance. Led by growth in our own digital assets and the Delivery channel, our overall revenues grew by a strong 131.1%. A disciplined control on costs led to healthy EBITDA margins. Our business model has emerged stronger from the pandemic and we are looking ahead with optimism, confident of delivering hyper growth and transforming into a food-tech powerhouse.”

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