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Jubilant Foodworks Q4 profit soars to Rs 68 crore

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NEW DELHI: Jubilant Foodworks, operator of Domino’s Pizza and Dunkin’ Donuts chain in India posted a net profit of Rs 68.1 crore for the fourth quarter of the financial year 2017-18 ending March 31, the company said in earnings announcement. The company had posted a net profit of Rs 6.7 crore during the same period last year.

The company reported 27 percent rise in its revenue to Rs 780 crore in the fourth quarter as compared to Rs 612 crore it posted during the corresponding period last fiscal.

For the full year, Jubilant posted a net profit of Rs 206 crore as opposed to Rs 67.2 crore it posted last year.

For the financial year 2017-18, operating revenues stood at Rs.2980 crore, up by 17.1 percent over last year, driven by a full year same-store growth of 13.9 percent in Domino’s Pizza, the company said.

“We are pleased with our performance in Q4 FY 18. Our key strategic initiatives undertaken in the past one year such as the launch of All-New Domino’s, Everyday Value and sharp focus on Digital sales drove strong growth for us, leading to a six-year high of 26.5% SSG for Domino’s Pizza in the quarter,” said Pratik Pota, CEO and Whole Time Director at Jubilant FoodWorks.

“In Dunkin’ Donuts, we halved our losses in line with our stated commitment through a focus on Donuts and Beverages and shutting of unprofitable stores. Going forward, we will remain focused on the strategic pillars of Product Quality and Innovation, Value-for-money, Seamless Customer Experience and Digital Technology and are confident that these will help us deliver robust growth,” Pota said further.

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