Jubilant Foodworks posts 46% jump in Q3 net profit

Jubilant Foodworks, the operator of Domino's Pizza and Dunkin' Donuts food chain, has reported 46% jump in its net profit at Rs 96.5 crore for the third quarter of the financial year 2018-19 ending December 31, 2018. The company had posted a net profit of Rs 66 crore in the same quarter last fiscal.

The revenue of the company rose 17% at Rs 929 crore against Rs 795 crore it posted during the same period last year.

Shyam S. Bhartia, Chairman, and Hari S. Bhartia, Co-Chairman, Jubilant Foodworks, said, "I am delighted to share that we have once again delivered healthy earnings growth during the quarter which stood in-line with our expectations. The performance was driven by consistent progress made across each of the growth pillars."

Pratik Pota, CEO and Whole Time Director of Jubilant FoodWorks, stated, "We have demonstrated strong all-around performance in Q3 FY19, led by robust same-store sales growth (SSSG) of 14.6 percent reported in Domino’s Pizza. This was accompanied by tight control of operating costs that led to EBITDA margins improving to a seven-year high of 18.4 percent."

"In addition, Dunkin’ Donuts also broke even during the quarter, ahead of the targeted Q4 timeline. We are happy with our performance and confident of the prospects ahead, as evident in the 35 new stores opened in Q3, the highest in eleven quarters," he added.