Jubilant FoodWorks reports net loss of Rs 74.5 cr in Q1

This comes as an impact of closure of stores due to COVID-19 pandemic and consequent lockdown.
  • Nusra Deputy Features Editor
Jubilant Foodworks

Jubilant FoodWorks Ltd, that runs QSR chains Domino's Pizza and Dunkin' Donuts, has reported a consolidated net loss of Rs 74.47 crore for the first quarter ended June 2020.

"The impact of COVID-19 was felt severely in Q1 FY21. The nationwide lockdown led to a complete closure of stores initially, with dine-in and takeaway remaining closed for most of the quarter," shared the JFL statement.

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This comes as an impact of closure of stores due to COVID-19 pandemic and consequent lockdown.

Jubilant had posted a net profit of Rs 71.48 crore in April-June quarter a year-ago, Jubilant FoodWorks Ltd (JFL) said in a BSE filing.

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Its revenue from operations declined 59.07 per cent to Rs 388.41 crore during the quarter under review as against Rs 949.11 crore in the corresponding quarter last fiscal.

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