On Monday, Jubilant FoodWorks Ltd reported an 8.8 per cent decline in its consolidated net profit of Rs 96 crore in the financial year March 2022. In the previous year, the company had a net profit of Rs 105.3 crore in the same period.

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Revenue operation for consolidated net profit during the Jan-March quarter at Rs 1,175.97 crore against Rs 1,037.86 crore in the year-ago period, the company said in the statement. During the fourth quarter, total expenses were raised to Rs 1,038.27 crore, which was compared to the previous year, Rs 912.7 crore.

For the fiscal ended March 31, 2022, consolidated net profit was at Rs 418.09 crore compared to Rs 230.52 crore in the previous year.

Consolidated revenue from operations in FY22 stood at Rs 4,396.12 crore compared to Rs 3,311.87 crore in FY21, said the company, which holds the exclusive master franchise to develop and operate the Domino’s Pizza brand in India, Sri Lanka, Bangladesh and Nepal.

Eighty new restaurants were in India in the year 2022, and also 230 new restaurants were opened in the whole country. The total number of 1,567 restaurants as of March 31 in 337 cities, JFL said. Also, the company opened four more restaurants for Popeyes and one new restaurant each for Dunkin’, Hong’s Kitchen and Ekdum! During the quarter, they added.

Commenting on the performance, JFL chairman Shyam S Bhartia and co-chairman Hari S Bhartia said a series of timely, strategic investments in strengthening digital ecosystem for delivery and setting up an integrated supply chain network helped the company register record revenue, profitability and store growth numbers even in the face of adversity and inflationary challenges.