Shares of Jubilant FoodWorks fell 5% to Rs 455.90 on the BSE in intraday trade on Thursday, after the company reported higher expenses and raw material costs.

The country’s largest foodservice company posted a consolidated net profit of Rs 96 crore in the same period last year.

Consolidated revenue from operations rose 8.2% YoY to Rs 1,252 crore from Rs 1,158 crore in Q4FY22. Reported comprehensive EBITDA fell 12.9% YoY to Rs 252 crore. Ebitda margin contracted 488 basis points YoY to 20.1%.

The company’s sales rose in the quarter, led by an increased footprint, but year-over-year (LFL) was weak, falling 0.6%, leading to lower Ebitda and net profit.

There have been recent concerns about historically high inflation and slowing market growth, but management is confident in its unique ecosystem’s ability to unlock future potential and realign the business for sustained profitable growth.

Jubilant FoodWorks owns the exclusive master franchise rights to Domino’s Pizza Company in India, Sri Lanka, Bangladesh and Nepal, in addition to the exclusive rights to develop and operate Dunkin’ restaurants in India and Popeyes restaurants in India, Bangladesh, Nepal and Bhutan.