Jubilant FoodWorks returns to profit in Q1

Jubilant FoodWorks returns to profit in Q1

Jubilant FoodWorks share price jumped over 9% after the company reported better than expected Apr-Jun quarter performance. It has reported a net profit of Rs 63 crore for the June quarter (Q1FY22) against a net loss of Rs 74 crore during the corresponding period in FY21.
Jubilant FoodWorks’ revenue from operations in the Q1 FY22 stood at Rs 879 crore, a growth of over 131% over the same period last year. In the year-ago period, the company reported Rs 388 crore revenue from operations.
The operator of Domino’s reported earnings before interest, tax, depreciation and amortization of Rs 211.5 crore for the quarter as against an operating loss and EBITDA margin in the quarter was at 24.1%. A disciplined control on costs led to healthy EBITDA margins.

In terms of same store sales growth, the company reported a growth of 114.2% in the quarter as against negative growth in the year-ago quarter.
During the quarter, Jubilant Food added 20 new Domino’s stores, three new Dunkin’ Donuts stores and six restaurants under its new ventures.
The company is looking ahead with optimism, confident of delivering hyper growth and transforming into a food-tech powerhouse.

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