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Aug, 08 2014

Jubilant sales drops

Reported a decline of 18.5 percent in quarterly profit.

Jubilant FoodWorks has reported 18.5 percent decline in quarterly profits. For the three months to end-June, the group reported standalone net profit of Rs 27.7 crore compared with Rs 34 crore in the year-ago period. Same store sales growth slipped to 2.4 percent compared with 6.3 percent in same quarter last year. 

According to the statement issued by the company, "Aligned to the overall subdued consumption pattern coupled with inflationary impact on costs, opening of new Domino's Pizza restaurants and development of the Dunkin' brand, the profitability during the quarter stood moderated.” 

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