JFL Reported its Financial Result

India’s largest and fastest growing Food Service Company reported its financial results for 2013.  Mr. Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co -Chairman, Jubilant Food Works Limited said, “It gives us great pleasure to discuss our results for the first quarter which marks the beginning of another exciting year for JFL. In the context of the variable economic operating environment, we believe, it is our compelling focus on operational fundamentals that has contributed to a healthy set of numbers.”

“JFL’s relentless efforts towards innovation are definitely helping us to fortify our consumer base. In Q1 FY14, we have continued to execute well on all our key areas such as brand development, menu innovation, and geographic growth, For the rest of the year, we will be focused on driving a unique balance in growth and costs, especially as we grow our restaurant network for both Domino’s Pizza and Dunkin’ Donuts and take advantage of the e-commerce platforms to showcase the full scope of our brands”, they elaborated.

Mr. Ajay Kaul, CEO, Jubilant Food Works Limited said, “Our restaurant network for both Domino’s Pizza and Dunkin’Donuts has been on growth track with us opening 26 and 4 new restaurants respectively. We had planned for a continued arduous environment and have worked in line to deliver healthy results for the quarter.”

JFL’s Total Income stood at Rs. 3,965 Million in Q1FY14 driving growth in expansion of Domino’s Pizza in both existing and new cities. On the other hand, Dunkin’ Donuts made further inroads in its chosen market of Delhi, NCR and Chandigarh with its promise of all day-part menu food options. Meanwhile Same Restaurant (store) Sales Growth was at 6.3% and has moderated from earlier levels following constrained discretionary spends on account of slowing economic growth.