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Jubilant FoodWorks Q2 net profit up 60% to Rs 78 cr

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New Delhi: Jubilant FoodWorks, the operator of Domino’s Pizza and Dunkin’ Donuts restaurants, reported year-on-year 60 percent rise in net profit to Rs 77.7 crore for the second quarter of the financial year 2018-19 ending September 30, 2018. The company had posted a profit of Rs 48.47 crore during the corresponding period in the last fiscal.

The company has also reported a 21 percent increase in its revenue to Rs 881.36 crore for the quarter under review as compared to Rs 726.63 crore it posted last year.

The company stepped up the store opening momentum during the quarter, with 24 new Domino’s stores being opened, the highest in the last seven quarters. Jubilant FoodWorks has also closed 5 Dunkin’ outlets during the quarter.

“Despite the significantly increased competitive intensity, Q2FY19 was yet another strong quarter delivered by our continued focus on the basics. Growth was driven by a strong and sustained momentum in Delivery Orders. In particular, our Digital focus showed good results with strong online sales growth, enabled by the new Domino’s App garnering strong user ratings and having a slew of innovative and user-friendly features. Dunkin’ Donuts too delivered healthy growth and is moving towards profitability,” said Pratik Pota, CEO and Whole-time Director, Jubilant FoodWorks.

According to the company, the strong performance in the second quarter was a result of continued momentum driven by strategic initiatives taken during the recent past such as the product upgrade All New Domino’s, Every Day Value extension to regular pizza and the continued momentum of online sales driven by the new Domino’s app.

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