Business

Jubilant FoodWorks Q3 net profit rises 46% to Rs 96.5 crore on same-store sales growth

Updated : January 30, 2019 02:52 PM IST

Jubilant FoodWorks, which runs Domino's Pizza, on Wednesday reported a 46 percent year-on-year (YoY) jump in net profit at Rs 96.5 crore for the third quarter ended December 2018 on same-store sales growth of Domino's Pizza.

In the corresponding quarter last year, the company posted a net profit of Rs 66 crore.

CNBC-TV18 Polls had predicted a profit of Rs 85 crore crore for the quarter under review.

It has also reported a 16.8% rise in revenues to Rs 929 crore for the reporting quarter, compared with Rs 795 crore in the same period last year, the company said in a release.

Pratik Pota, chief executive officer and whole time director, Jubilant FoodWorks, said, "We have demonstrated strong all-round 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 a tight control on 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."

During this quarter, the total store count stood at 1,200, out of this, company opened new 35 new Domino’s Pizza stores and two were closed.

In Q3, the company launched ‘Multigrain Crust’ and introduced four new side dishes viz. Potato Cheese Shots, Crunchy Strips, Crinkle Fries and Brownie Fantasy.

Have you signed up for Primo, our daily newsletter?

It has all the stories and data on the market, business, economy and tech that you need to know.

To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more