The firm had posted Rs 29.3-crore profit during the same quarter last year
The firm had posted Rs 29.3-crore profit during the same quarter last year. Its net sales stood at Rs 659 crore – 4% higher than Rs 634 crore reported in the same quarter previous year.
“The quarter mirrored the challenges faced by economy related to liquidity crunch. However, being part of the organised space along with our continued thrust on digitisation, gave us the requisite agility to accept online payments and thereby contain the impact as the sector migrated to more and more cashless payment mode”, said Ajay Kaul, chief executive, Jubilant FoodWorks Limited.
During the quarter, same-store growth declined 3.3% compared to a 2% increase during October-December, 2015. Its cost of materials grew 12.8% y-o-y to Rs 145 crore from Rs 128 crore.
Jubilant added 32 new Dominos restaurants during the period and it closed down one, taking its total outlet count to 1,107 compared to 990 at the end of 2015. It also entered 10 new cities during the quarter.
Jubilant FoodWorks’ stock closed at Rs 1,007.20 at the end of the day on Bombay Stock Exchange – 9.61% higher.