Jubilant FoodWorks Q2 net profit doubles to ₹48 cr

Jubilant FoodWorks, which operates Dominos Pizza and Dunkin Donuts chains in India, on Thursday reported over two-fold jump in its standalone net profit at ₹48.47 crore for the quarter ended September 30.

The company had posted a net profit of ₹21.56 crore during the same period of the previous fiscal, Jubilant FoodWorks said in a regulatory filing.

Net sales during the quarter under review grew 9.17 per cent to ₹726.63 crore as against ₹665.54 crore in the year-ago period.

Total expenses during the period stood at ₹657.01 crore compared to ₹637.87 crore in the July-September quarter of the previous fiscal.

“We made good progress towards our goals during the quarter in both Domino’s Pizza and Dunkin Donuts.

The performance strengthens our conviction in the strategy for growth unveiled earlier in the year, and reinforces our belief in the potential for the JFL business in the time ahead,” Jubilant FoodWorks Ltd Chairman Shyam S Bhartia said.

The company’s stock was trading 2.12 per cent up at ₹1,637.50 apiece on BSE on Thursday.

Source:-https://www.thehindubusinessline.com/companies/announcements/results/jubilant-foodworks-q2-net-profit-doubles-to-48-cr/article9925335.ece

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