Shares of Jubilant FoodWorks Ltd were trading in the green and 4% higher on 23 May after the company announced its quarterly earnings for January-March. 

The company reported a seven-fold jump in consolidated net profit to Rs 208.25 crore for the quarter ending 31 March from Rs 28.54 crore reported in the same quarter of the previous fiscal year. 

The consolidated revenue from operations for the quarter stood at Rs 1,572.8 crore, marking a 24% year-on-year increase from Rs 1,269.8 crore reported in the same quarter last year. 

Earnings before interest, tax, depreciation and amortisation (EBITDA) during the quarter grew 24.7% YoY to Rs 310.5 crore from year-ago quarter. The EBITDA margins during the quarter expanded by 10 basis points to 19.7% for the quarter ending 31 March 2024.

The Board of Directors of the company has recommended a dividend of Rs 1.2 per share for the current fiscal year, which is subject to the approval of shareholders at the Annual General Meeting (AGM). 

During the fiscal year, the company opened 356 new stores, taking the JFL Group Network to nearly 3,000 stores.

The Next Gen Domino’s App is driving record customer conversions, with the loyalty membership surpassing 23.1 million. 

At 1:47 pm, the shares of Jubilant FoodWorks shed all its early gains and were trading 0.39% lower at Rs 477.80 on NSE.