Earnings: Jubilant FoodWorks Q3 profit up 4% at Rs 35 cr
Jubilant FoodWorks, that runs food chains like Domino's Pizza and Dunkin' Donuts in India, today reported 4.22 percent increase in standalone net profit to Rs 35.01 crore for the third quarter ended on December 31, 2014.
New Delhi: Jubilant FoodWorks, that runs food chains like Domino's Pizza and Dunkin' Donuts in India, reported 4.22 percent 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 percent 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 company wide initiatives that we considered to be in the best interest of the long-term growth of our company," said Jubilant FoodWorks Chairman Shyam S Bhartia and Co-Chairman Hari S Bhartia.
"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 said.
The company has a growing network of 844 restaurants of Domino's Pizza in 185 cities pan 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," Jubilant FoodWorks CEO Ajay Kaul said.
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The firm, which has appointed Jubilant Foodworks Ltd (JBL) as its master franchisee in India, opened its third store in the capital.
The company so far had an exclusive arrangement with Coca-Cola in the country.
Jubilant FoodWorks, which has the master franchise for Dunkin' Donuts outlets in the country, has said it will enter the Mumbai and Bangalore markets within next six months.