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Jubilant FoodWorks Ltd, which operates Domino’s Pizza and Dunkin’ Donuts chains in India, posted 223 per cent jump in consolidated net profit at Rs 105.3 crore for the March quarter, it informed the exchanges on Tuesday.
Consolidated revenue from operations grew 14.2 per cent to Rs 1,037.85 crore compared to Rs 908.75 crore reported in the year-ago period. “This was driven by Domino’s like-for-like sales growth (adjusted for temporary restaurant closure) of 15.1 per cent and same-store sales growth of 11.8 per cent. Domino’s witnessed continued momentum in delivery and takeaway channels, which grew by 28.7 per cent and 76.9 per cent, respectively, during the quarter,” it added.
Like-for-like sales refers to year-on-year growth in sales of non-split restaurants opened before the previous financial year, while same-store sales refers to year-over-year growth in sales for restaurants opened before the previous FY.
The March quarter saw several retail businesses return to growth and achieve pre-covid footfall. Domino’s system sales recovery stood at 114.8 per cent in Q4 over the year-ago quarter. Dine-in reported a recovery of 64.4 per cent, while delivery recovered 128.7 per cent over the same corresponding quarter.
“We returned to growth during the quarter, opened a large number of new stores, improved our operating margins, and expanded our portfolio of brands,” said Pratik Pota, chief executive and whole-time director, Jubilant Foodworks.
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