Jubilant Foodworks Q3 net up 7.9% yoy at Rs133.88cr on 13.9% growth in EBITDA at Rs317cr

3 Feb 2022 , 11:35 AM

Jubilant Foodworks Ltd reported 13.23% yoy growth in total sales revenues for the Dec-21 quarter on consolidated basis at Rs1,210.77cr. On a sequential basis, the revenues were up by 8.47%.

During the December 2021 quarter, Jubilant opened 75 new Domino’s stores as activity level was back to pre-COVID levels. While LFL growth was at 7.5%, system growth stood at 12.93% yoy.

The growth in revenues was helped along with a strong growth in the dine-in and the delivery channels. While the Delivery and takeaway channels showed sales growth of 128% and 148%, the dine-in business grew 71.7% yoy.

It also launched the first Popeye brand restaurant in India and Domino’s had 8.2 million app downloads in Q3.

For the Dec-21 quarter, the operating profits were up on a yoy basis by 13.52% at Rs215.99cr. During the quarter, there was solid traction in EBITDA growth by 13.9% at Rs317.40cr while the

EBITDA margins improved by 24 bps yoy at came in at a healthy 26.6% in the quarter. Operating margins improved marginally from 17.79% in Dec-20 quarter to 17.84% in the Dec-21 quarter. Operating margins were higher on a sequential basis by 38 bps. The board of directors of Jubilant have approved splitting the face value of the share from Rs.10 to Rs.2.

Net Profit after tax (PAT) for the Dec-21 quarter was up 7.85% yoy at Rs133.88cr on the back of the robust operating performance getting transmitted to the bottom line. The profit growth is lower due to the company getting a deferred tax credit in the Dec-20 quarter.

PAT margins fell marginally from 11.61% in the Dec-20 quarter to 11.06% in the Dec-21 quarter. The PAT margins were however higher by 29 bps on a sequential basis.

Financial highlights for Dec-21 compared yoy and sequentially

	Jubilant Foods
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 1,210.77	₹ 1,069.28	13.23%	₹ 1,116.19	8.47%
EBITDA (Rs cr)	₹ 215.99	₹ 190.26	13.52%	₹ 194.94	10.80%
Net Profit (Rs cr)	₹ 133.88	₹ 124.14	7.85%	₹ 120.24	11.34%
Diluted EPS (Rs)	₹ 10.14	₹ 9.41		₹ 9.11
EBITDA Margin	17.84%	17.79%		17.46%
Net Margins	11.06%	11.61%		10.77%