Jubilant FoodWorks, operator of fast-food chains Domino’s Pizza and Dunkin’ Donuts, on Tuesday reported a 9.76 per cent enhance in its consolidated internet revenue at Rs 131.52 crore for the second quarter ended on September 30, 2022.
The corporate had posted a internet revenue of Rs 119.82 crore within the July-September quarter a 12 months in the past, Jubilant FoodWorks Ltd (JFL) mentioned in a regulatory submitting.
Its income from operations throughout the quarter below evaluate was at Rs 1,301.48 crore, up 16.6 per cent, as in opposition to Rs 1,116.18 crore of the corresponding interval a 12 months in the past.
“The rise in income was pushed by Like-for-Like development of 8.4 per cent and wholesome efficiency of latest shops. Dine-in and Takeaway channels mixed witnessed sturdy year-on-year development, whereas the Supply channel registered good-looking development on a excessive base,” mentioned JFL in its earnings assertion.
JFL’s complete bills within the newest September quarter have been up 19.76 per cent to Rs 1,153.92 crore.
Through the quarter, JFL continued its enlargement and opened 76 new Domino’s shops taking the community energy for Domino’s in India to 1,701 shops, it added.
“The corporate entered 22 new cities throughout the quarter to increase its attain to 371 cities throughout India,” it added.
The corporate had closed 2 eating places and opened one new for Dunkin’, bringing the quantity right down to 24.
JFL was working 20 eating places below its new QSR Manufacturers – Hong’s Kitchen and Ekdum! Through the quarter, in Sri Lanka, JFL registered system gross sales development of 37 per cent and opened 4 new shops taking the community energy to 40 shops.
In Bangladesh, system gross sales grew by 42 per cent. With the opening of 1 new outlet, the shop rely in Bangladesh has reached 11 shops, mentioned JFL’s earnings assertion.
JFL is the unique grasp franchise to develop and function the Domino’s Pizza model in India, Sri Lanka, Bangladesh and Nepal.
It additionally has the franchise rights of the American multinational chain of fried hen quick meals eating places Popeyes’ for the Indian market.
In the meantime, in a separate submitting, JFL mentioned its board in a gathering held on Tuesday accepted an inner restructuring of its abroad subsidiaries, the place sure abroad subsidiaries of the corporate will likely be held below Jubilant FoodWorks Worldwide Luxembourg, a step-down wholly-owned subsidiary of the corporate.
It has accepted the sale of all shares held by JFL in — Jubilant FoodWorks Lanka, Jubilant FoodWorks Bangladesh and DP Eurasia — to Jubilant FoodWorks Worldwide Luxembourg.
JFL chairman Shyam S Bhartia and co-chairman Hari S Bhartia mentioned: “Loyalty, regional menu innovation, sharp digital focus and continued energy of on-ground operational execution outlined our document Q2 efficiency, regardless of the challenges of excessive inflation.”