Jubilant FoodWorks Q4 net rises 8.6%, driven by same-store sales growth of Domino’s Pizza

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Published: May 16, 2019 12:45:26 AM

Jubilant Foodworks, the company behind Domino’s Pizza and Dunkin’ Donuts, posted a 8.63% year-on-year increase in net profits to Rs 73.94 crore for the quarter ended March 31, 2019, driven by higher revenues and 6% same-store sales growth (SSG) of Domino’s Pizza.

Jubilant FoodWorks Q4 net rises 8.6%, driven by same-store sales growth of Domino's PizzaJubilant FoodWorks Q4 net rises 8.6%, driven by same-store sales growth of Domino’s Pizza

Jubilant Foodworks, the company behind Domino’s Pizza and Dunkin’ Donuts, posted a 8.63% year-on-year increase in net profits to Rs 73.94 crore for the quarter ended March 31, 2019, driven by higher revenues and 6% same-store sales growth (SSG) of Domino’s Pizza.

Net Sales grew 10.94% y-o-y in Q4 to `865.19 crore. The company’s Ebitda margins rose 70 bps in Q4FY19 to 17.10%, compared with 70.8% in Q4FY18. Consequently, the Ebitda (earnings before interest, tax, depreciation and amortisation) rose 15.50% to `147.6 crore.

Pratik Pota, chief executive officer, Jubilant FoodWorks, said lapping our strongest quarter from last year, we delivered a robust revenue growth of 10.9% in Q4. “We closed the year with a revenue growth of 18.5% for FY19, driven by a 7-year high same-store sales growth (SSSG) of 16.4%.”

Analysts at Edelweiss expected Jubilant FoodWorks’ revenue, Ebitda and PAT to grow around 13%, 19% and 21% y-o-y, respectively, and Dominos India’s SSSG at around 10% in Q4FY19 aided by the focus on promoting the everyday value offer.

“Considering increase in cheese and wheat prices, we do expect some moderation in gross margin. However, we expect the Ebitda margin to expand y-o-y aided by operating leverage, cost rationalisation and breakeven of Dunkin Donuts,” analysts had said in their report.

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