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Jan, 20 2018

Jubilant FoodWorks Q3 Profit Rises To RS 66 Crore

The operator of the biggest pizza chain in the country has posted a revenue growth of Rs 795.20 crore.

Jubilant FoodWorks, operator of Domino's Pizza and Dunkin Donuts chain in India reported more than three-fold increase in its net profit at Rs 66 crore for the third quarter ending December 31.

The operator of the biggest pizza chain in the country has posted a revenue growth of Rs 795.20 crore, up 21 percent from Rs 659 crore year on year.

“We are happy to demonstrate a continuing solid performance during the quarter. Our emphasis on driving the key strategic pillars is translating into healthy same-store sales growth YoY while setting the base for consistent growth in line with the potential of the QSR space" shared Shyam S. Bhartia, chairman, and Hari S. Bhartia, co-chairman of Jubilant FoodWorks.

"The lowering in the rate of applicable GST to 5% has allowed us to demonstrate our commitment to deliver the best value proposition as we passed on the benefits of the lower tax rate to the customers. We believe this to be a positive change, one that will impact the restaurant industry favourably," they said further.

According to the company, the same store sales growth in the third quarter of the financial year 2017-18 grew to 17.8 percent as against 3.3 percent it reported during the last financial year.

“We are pleased to report a strong set of results for Q3FY18. Our sharp focus on the consumer through a significantly improved product in the form of All-New Domino’s along with Every Day Value pricing has led to a robust 17.8% SSG for Domino’s” quoted Pratik Pota, CEO and whole time director of Jubilant FoodWorks.

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