The company’s performance is driven by double-digit revenue growth, healthy margin expansion, fuelled by improved operational efficiency and accelerated store expansion
Jubilant Foodworks, the food-tech company with franchise rights for Domino’s, Popeyes and Dunkin’, has posted a consolidated net profit attributable to owners of the parent of Rs 70.9 crore in the third quarter of the financial year. The net profit in Q3FY25 was Rs 42.9 crore.
The company’s performance was led by double-digit revenue growth, healthy margin expansion, fuelled by improved operational efficiency and accelerated store expansion across markets. Consolidated revenue from operations increased by 13.3 per cent year-on-year (YoY) to Rs 2,437 crore, the company said in a regulatory filing.
Improvement in gross margins, operating leverage playing out in overheads and a disciplined execution resulted in 20 per cent YoY growth in earnings before interest, tax, depreciation and amortisation (Ebitda) to Rs 482.4 crore and an expansion of 110 basis points in Ebitda margin to 19.8 per cent.
“We are elated with our performance in the quarter gone by. Our consolidated topline continues to grow at a very healthy rate. Our margins at all levels have improved significantly over the last year. We are also delighted with our Turkey business, which is now servicing the acquisition debt obligations through its own cash flows. Sri Lanka and Bangladesh businesses also continue to deliver strong growth,” stated Shyam S Bhartia, Chairman and Hari S Bhartia, Co-Chairman, Jubilant Foodworks.
The store network increased by 114 net new stores, which was the highest quarterly store additions during the last 4 quarters, taking the total store count to 3,594 across brands and geographies. The India business reported revenue from operations of Rs 1,801.5 crore, a growth of 11.8 per cent YoY. It was driven by a 5 per cent LFL growth in Domino’s, high double-digit growth in Popeyes, new additions to the menu and rapid expansion of store network in India.
“The momentum continues! Domino’s delivered industry-leading LFL growth on a high base, Popeyes continued to have high double-digit LFL, and the India business improved EBITDA margins by 109 bps YoY. Monthly transacting users on JFL-apps grew to 5.7 million, growing 21 per cent YoY, as a result JFL achieved its highest ever sales in December,” highlighted Sameer Khetarpal, Chief Executive Officer and Managing Director, Jubilant Foodworks.
The Ebitda of India business increased 18.1 per cent YoY to Rs 369.4 crore and the margin expanded by 109 bps to 20.5 per cent. Net profit from continued operations before exceptional items increased 27.4 per cent YoY to Rs 79.3 crore.
