Jubilant Foodworks Q2 Results: Jubilant Foodworks Q2 Results: Cons net profit declines 31% YoY to Rs 67 cr, revenue up 43%

Jubilant FoodWorks reported its second-quarter results for the period ending September 2024 on Monday, posting a profit after tax (PAT) of Rs 66.53 crore, marking a 31.5% year-on-year (YoY) decline. Despite the drop in profit, the company’s revenue grew by 43% YoY.

The revenue from operations for the reporting quarter stood at Rs 1,954.70 crore against Rs 1,368.63 crore in the year-ago period.

The total income also surged to Rs 1,984.93 crore, up from Rs 1,375.69 crore reported in the corresponding period of the previous financial year.

Jubilant Foodworks’ EBITDA was reported at Rs 398.6 crore for the July-September quarter, up by 43.8% YoY and 4.1% QoQ, while the EBITDA margin stood at 20.4%, an increase of 14 bps YoY.

The company added 73 stores in the quarter, making the total store count stand at 3,120 stores.

New customer acquisition for Domino’s India growth (29% yoy) continued to be at an elevated level and the copy posted its record high monthly active users (MAU)at 1.28 crore (+18.5% YoY), the highest ever app conversion and app installs at 1.09 crore.Also read: India Inc earnings downgrades worst since 2020. Are we staring at a bear market?Jubilant FoodWorks, incorporated in 1995, ranks among the leading emerging markets’ food service companies. Its Group network comprises 3,130 stores across six markets – India, Turkey, Bangladesh, Sri Lanka, Azerbaijan and Georgia.

The Group has a strong Portfolio of Brands in emerging markets with franchise rights for three global brands – Domino’s, Popeyes and Dunkin’ – and two own-brands, Hong’s Kitchen, an Indo-Chinese QSR brand in India, and a CAFÉ brand – COFFY in Turkey.

The company declared its results post-market hours and the shares of the company ended the day 0.88% lower at Rs 601.70 on BSE.

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