Jubilant FoodWorks, which owns the master franchise of Domino’s Pizza in India, posted a net profit of Rs 131.5 crore for the quarter that ended September 2022.
The net profit jumped 9.8 percent from Rs 119.8 crore a year ago. On a quarter-on-quarter basis, the profit climbed 16.88 percent from Rs 112.5 crore in the June 2022 quarter.
The company recorded revenue from operations at Rs 1,301.5 crore in the second quarter of FY23, up 16.6 percent against a revenue of Rs 1,116.2 crore in the corresponding quarter of the last fiscal.
The earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter came in at 8.4 percent at Rs 311.9 crore compared to Rs 287.6 crore in the corresponding quarter a year ago. The EBITDA margin stood at 24 percent against 25.8 percent in Q2 FY22.
Expanding Reach
In a statement, Jubilant Foodworks announced that 76 additional Domino’s stores opened during the quarter, bringing the total to 1,701 stores. The company expanded its presence to 371 cities across India during the second quarter by entering “22 new locations,” it claimed.
In addition, the Domino’s app received 90 lakh downloads between July and September, which is a quarter-high.
“We delivered strong top-line growth supported by robust Like-for-Like growth in Domino’s led by our digital and physical footprint. Despite inflation, our performance on margins has been consistent and strong, driven by disciplined cost control and calibrated pricing actions in the past,” Jubilant FoodWorks’ CEO and MD Sameer Khetarpal said.
“Across brands, we continue to innovate on direct-to-consumer offerings – offering great value, a new range of pizzas, the convenience of ordering through our app, and faster speed of delivery,” the MD added.