Jubilant FoodWorks, a food service company, on Wednesday reported a 26 per cent loss in consolidated net profit at Rs 97.20 crore for the September quarter of FY24 compared the previous year at Rs 131.52 crore,
The total revenue of the company increased by 5. 15 per cent at Rs 13,68.63 crore from Rs 1,301.48 crore registered in the same quarter last year, the company said in a regulatory filing.
“The growth continues to be order led with elevated level of consumer engagement and the decline in ticket is also now arrested. Also, second consecutive quarter of sequential improvement in ADS of mature stores and Gross Margins are early indicators of structural improvement in the health of our business.” said Sameer Khetarpal, CEO and MD, Jubilant FoodWorks in a press release.
Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) in Q2FY24 stood at Rs. 280.7 crore and the margin was 20.9 per cent.
Jubilant FoodWorks recently expanded its store network. They inaugurated 60 new outlets across their various brands, leading to a total of 1,949 stores. Specifically, Domino’s India saw the addition of 50 stores and made its debut in three additional cities, bringing the total to 1,888 stores spread across 397 cities.
