Q3 Results: Jubilant FoodWorks Profit Jumps As Dunkin’ Donuts Breaks Even
Jubilant FoodWorks Ltd.'s net profit jumped nearly by half in the third quarter as Dunkin’ Donuts broke even in India.
Net profit rose 46.2 percent year-on-year to Rs 96.5 crore, the operator of Domino’s Pizza and Dunkin’ Donuts chains in India said in an exchange filing today. It was aided by a 14.6 percent rise in same-store sales of Domino's Pizza and Dunkin' Donuts breaking even ahead of the targeted timeline.
Revenue rose 16.8 percent year-on-year to Rs 929.1 crore.
Earnings before interest, tax, depreciation and amortisation rose 24.7 percent to Rs 170 crore. Operating margin expanded to 18.4 percent from 17.2 percent a year ago.
The company added new products to its portfolio including a ‘multigrain crust’ and four new side dishes. It also opened 35 new stores during the quarter.