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Feb, 12 2016

Jubilant to focus on investment despite decline in profit

According to the company, the decline is attributed to higher expenses and employee benefits.

Jubilant FoodWorks, franchisee for Domino's Pizza and Dunkin Donuts in India has reported 9.3% fall in net profit at Rs 31.74 crore for the December quarter.

Despite all this fallout, the QSR chain says that it will continue to invest incrementally despite a challenging business environment.

"Although we have faced challenges in recent months, we will continue with investments,” said Ajay Kaul, CEO, Domino’s in a statement.

According to the company, the decline is attributed to higher expenses and employee benefits.

Same store sales in the quarter grew just 2% indicating continued softness in consumption of western style foods while net sales during the period under review went up 14.4% at Rs 633.76 crore.

In the third quarter, the food retailer set up 40 new Domino's Pizza and four Dunkin' Donuts stores.

 

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