JUBILANT FOODWORKS 2ND QTR PROFIT JUMPS 58% TO ₹120 CRORE

NEW DELHI: Jubilant Foodworks Ltd on Wednesday reported 58.11% jump in consolidated net profit at ₹119.82 crore for the second quarter ended September 30, 2021 driven by continued strong momentum in delivery and takeaway channels.

The company, which operates popular fast food chains such as Domino’s Pizza and Dunkin’ Donuts among others in India, logged a profit of ₹75.78 crore in the year-ago period, Jubilant Foodworks Ltd (JFL) said in a regulatory filing.

Revenue from operations in the second quarter stood at ₹1,116.19 crore as compared to ₹816.33 crore in the same period a year ago.

The growth in revenue from operations was “driven by continued strong momentum in delivery and takeaway channels”, it added.

Commenting on the performance, JFL chairman Shyam S Bhartia and co-chairman Hari S Bhartia in a joint statement said, the second quarter saw a strong all-round performance with revenue, profitability and store growth numbers hitting record highs.

“The new investments announced during the quarter will help steer the company towards its goal of becoming a multi-brand, multi-country business driven by technology and will create significant value for all stakeholders,” they said.

During the quarter, the company had announced key strategic investments “in line with its stated goal of building a multibrand and multi-country food business powered by technology”.

These included launching a reverse bookbuild process to enhance the company’s indirect shareholding in the Netherlands-based DP Eurasia N V, the fifth largest master franchisee of Domino’s Pizza, the firm said.