Jubilant FoodWorks reports net loss of Rs 74.5 cr in Q1
Jubilant FoodWorks reports net loss of Rs 74.5 cr in Q1

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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