Jubilant FoodWorks shares rose after reporting a strong June-quarter performance, driven by revenue growth and margin improvements, despite winding down Dunkin’ India.
Jubilant FoodWorks rose on Friday after reporting a stronger June-quarter performance, with revenue growth and improved margins helping to offset a small drag from its winding-down Dunkin’ India business. The stock touched an intraday high of Rs 521 before easing back, according to market updates cited by Equitypandit.
The company said consolidated net profit increased about 6% year on year to Rs 100 crore in the quarter, while revenue from operations climbed 14% to Rs 2,569.65 crore. Total income rose to Rs 2,588.34 crore, and EBITDA advanced 10.2% to Rs 360 crore as gross margin improved to 75.5%, reflecting better pricing and supply-chain efficiency, according to the filing released to the exchanges on 13 August.
Business Standard reported that same-store sales at Domino’s India grew 2.5%, even as Domino’s Eurasia posted a 1.3% decline. The company also added 76 stores during the quarter, taking its network to 3,712 outlets. On a standalone basis, revenue increased to Rs 1,848.85 crore from Rs 1,692.91 crore a year earlier, while profit rose to Rs 69.62 crore from Rs 66.70 crore. The board had previously decided not to renew the rights to operate Dunkin’ in India, and that business is now classified under discontinued operations, where the loss narrowed to Rs 3.17 crore from Rs 9.66 crore a year earlier.
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