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Domino’s India Operator Jubilant Posts 60% Rise In Q2 Profit

Jubilant FoodWorks, the operator of Domino’s Pizza in India, reported a rise of 60 percent, year-on-year, in its profit for the September Quarter at Rs 77.7 crore. The company had reported a profit of Rs 48.47 crore during the same quarter last year.

Its revenue rose to Rs 881.36 crore during the quarter, up 21 percent from Rs 726.63 crore last year.

Jubilant reported same Store sales growth of 20.5 percent for the quarter under review.  Domino’s Pizza added 24 stores during the quarter, taking the total store count to 1,167. Meanwhile, it closed 5 Dunkin Donuts stores, taking the store count to 32.

At an operating level, the earnings before interest, taxes, depreciation and amortization (EBITDA) rose to Rs 147.53 crore for the second quarter, a rise of 44 percent from Rs 102.2 crore in September quarter of FY18.

The company also declared a dividend of Rs 2.5 per share.

At 13:32 hrs Jubilant FoodWorks was quoting at Rs 1,224.10, up Rs 25.60, or 2.14 percent, on the BSE. It touched an intraday high of Rs 1,251.00 and an intraday low of Rs 1,196.55.

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