Jubilant FoodWorks posts 7% jump in share price, sees revenue recovery

The company had posted a profit of Rs 101.80 crore in the same quarter a year ago, shared the firm in a regulatory filing.
  • Nusra Deputy Features Editor
Jubilant FoodWorks

Owners of Domino’s and Dunkin Donuts, Jubilant FoodWorks, reported a 21.71 per cent increase in consolidated profit at Rs 123.91 crore in the third quarter ended December 2020.

The company had posted a profit of Rs 101.80 crore in the same quarter a year ago, shared the firm in a regulatory filing.

Revenue from operations during the quarter under review stood at Rs 1,069.27 crore as compared to Rs 1,071.36 crore in the same period of the last financial year, a decline of 0.19 per cent, it added.

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“The company has seen complete revenue recovery of the business and strong improvement in margins. Our aggressive network expansion of 57 stores last quarter, along with the launch of Ekdum Biryanis is testimony to our confidence in the strong potential of the business,” shared Shyam S Bhartia, Chairman and Hari S Bhartia, Co-Chairman, Jubilant FoodWorks.

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Commenting on the same, Pratik Pota CEO and Wholetime Director, Jubilant Foodworks Ltd, said: "We turned the corner decidedly in Q3 with Domino's returning to growth, driven by strong momentum in delivery and takeaway channels. Our strong on-ground execution, consumer-relevant innovations, continued investments in digital, disciplined control on costs and a ramp-up in new stores all helped us deliver a strong performance last quarter. We are now shifting gears and preparing for an exciting period of growth ahead.”

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