Food services major Jubilant Foodworks on Thursday posted a nearly threefold jump in its consolidated net profit at Rs 186 crore in the September quarter, while consolidated revenue was up 19.7% year-on-year at Rs 2,340 crore, beating Street estimates by a wide magin.
Bloomberg consensus estimates had pegged the net profit and revenue at Rs 88 crore and Rs 2,181 crore, respectively. The company disclosed its numbers on Thursday. The company attributed the revenue and profit growth to robust demand across brands, including Domino’s, Popeyes, Dunkin and Hong’s Kitchen.
Jubilant FoodWorks performance also comes amid a wider boost in discretionary spends, retail experts said, though peers such as Westlife Foodworld and Devyani International have reported weaker numbers in the September quarter due to unseasonal rains.
Earnings before interest, tax, depreciation and amortisation (Ebitda) rose 19.5% y-o-y to Rs 476 crore versus a Bloomberg consensus estimate of Rs 432 crore. Ebitda margins were flat at 20.3% versus 20.4% reported last year. Domino’s India — which remains the company’s flagship brand — delivered a 15.5% y-o-y revenue growth in Q2, led by a 15% jump in orders and like-for-like growth of 9%.
Delivery channel revenue surged 21.6% versus last year in Q2, supported by a robust 23.7% rise in delivery orders, while the dine-in segment remained largely flat. Domino’s network now spans 2,450 stores in over 500 cities, after adding 81 outlets this quarter.
Jubilant FoodWorks also expanded its Popeyes footprint, launching four new outlets in Mumbai as part of its western region push. Shares of Jubilant Food were 1.89% down on the BSE on Thursday at Rs 573.75 apiece.