Hotline: 1800 102 2007
X
Search Business Opportunities
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.

Comment
Related opportunities
  • Professional Education coaching
    About: ICA was founded in 1999, and began its journey with..
    Locations looking for expansion Delhi
    Establishment year 1999
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Electric Vehicles (E-Vehicles)
    About Us: India’s First –Ever  Electric Bike Rental/Taxi/Delivery Platform e-Bike..
    Locations looking for expansion New Delhi
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Technology
    Maptek Softwares LLP is an award-winning web design & development..
    Locations looking for expansion Maharashtra
    Establishment year 2002
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 240
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Activity Centres, Day Care & Creches
    About Us: First  Five provides quality early education for young children..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities