Jubilant FoodWorks' March quarter profit increases to Rs 208.2 crore

23 May 2024 , 12:31 PM

Jubilant FoodWorks reported a consolidated net profit of ₹208.2 Crore for the March quarter, a substantial increase from ₹28.5 Crore in the same period last year. Revenue for the quarter was ₹1,572.7 Crore, up 23.8% from ₹1,269.8 Crore in the previous year.

The company recorded an exceptional gain of ₹170 Crore during this period. EBITDA for the quarter grew by 24.7% year-on-year to ₹310.5 Crore. EBITDA margin improved by 10 basis points (bps) year-on-year to 19.7%.

The Board of Directors proposed a dividend of ₹1.2 per equity share, totaling ₹792 million, subject to shareholder approval at the AGM.

The acquisition of Domino’s operations in Turkey, Azerbaijan, and Georgia, as well as COFFY, has enhanced the company’s profitable growth trajectory.

Jubilant FoodWorks opened 356 new stores over the past year, averaging nearly one store per day, bringing the total network to almost 3,000 stores. The Jubilant Food Park in Bengaluru, with a capital expenditure of ₹250 Crore, has significantly improved supply chain capabilities.

Revenue from operations in India reached ₹13,313 million, reflecting a 6.3% growth primarily driven by a 4.9% increase in Domino’s India.

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