Jubilant records 4.22% increase in standalone net profit
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Feb, 06 2015

Jubilant records 4.22% increase in standalone net profit

Presently Jubilant has over 844 restaurants of Domino\'s Pizza in 185 cities in India, which is the second largest market for Domino\'s Pizza worldwide, outside US. It is also operating 50 restaurants of Dunkin\' Donuts in 18 cities.

Jubilant FoodWorks, which operates QSR chain like Domino's Pizza and Dunkin' Donuts in India, has reported 4.22 per cent increase in standalone net profit to Rs 35.01 crore for the third quarter ended on December 31, 2014.

The company had posted a standalone net profit of Rs 33.59 crore in the same period of 2013-14, Jubilant FoodWorks said in a filing to the BSE.

Its net sales rose by 21.41 per cent to Rs 554.26 crore in the October-December quarter of FY2014-15 against Rs 456.51 crore in the same quarter of previous fiscal.

"Our positive sales momentum reflects the success of several companywide initiatives that we considered to be in the best interest of the long-term growth of our company," said said Shyam S Bhartia, Chairman and Hari S Bhartia, Co-Chairman, Jubilant FoodWorks.

"We concentrated our efforts on expanding restaurant network, amplifying infrastructure support and focusing on creating new and varied menu experience through our brands Domino's Pizza and Dunkin' Donuts," the company further added.

Presently Jubilant has over 844 restaurants of Domino's Pizza in 185 cities in India, which is the second largest market for Domino's Pizza worldwide, outside US. It is also operating 50 restaurants of Dunkin' Donuts in 18 cities.

"While each brand is in a different stage in its growth cycle, we foresee immense potential for further penetration and are committed to driving growth," added, Ajay Kaul, CEO, Jubilant FoodWorks.

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