Jubilant FoodWorks reports decline 17.65% this quarter

Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains in India, reported a decline of 17.65 per cent in standalone net profit at Rs 23.88 crore for the second quarter ended 30th September.

The company had reported a net profit of Rs 29.00 crore in the same period of previous fiscal, reported PTI.

Nevertheless, company's net sales on standalone basis was up 17.20 per cent to Rs 587.29 crore during the quarter under review as against Rs 501.07 crore in the year-ago period, said the company in a BSE filing.

For the six months ended 30th September, JFL's standalone net profit dipped 5.95 per cent to Rs 53.55 crore compared with Rs 56.73 crore in the same period last fiscal.

During its net sales, the first half of the current fiscal increased 18.41 per cent to Rs 1,157.87 crore from Rs 977.81 crore in the same period a year ago.