Jubilant FoodWorks Q2 profit up 37%
The company had posted a net profit of Rs 23.67 crore for the quarter ended September 30, 2011, Jubilant FoodWorks said in a statement.
Total income of the company rose to Rs 342.09 crore for the quarter under consideration from Rs 240.37 crore for the corresponding period previous fiscal.
Sounding bullish on the results, the company said it is revising its target of opening 100 Domino's Pizza stores to 110 for the current financial year and also increase the number of Dunkin' Donuts stores.
“We will be opening a total of 110 Domino's Pizza stores in FY13 instead of 100 stores as planned earlier, we will also be opening more Dunkin' Donuts stores,” Jubilant FoodWorks CEO Ajay Kaul said in a conference call.
Out of the targeted number of stores the company has already opened 50 pizza stores in this financial year, he added.
The company has earmarked a capex of Rs 150 crore for growth across verticals as part of its expansion plans.
When asked about whether the firm was also planning a rise in prices, Kaul said: “The price increase will take place somewhere around this month. It will be marginal.”
The total price rise for the year will be only 6 to 6.5 per cent, he added.
The company had launched Dunkin' Donuts in the country in April 2012
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