Yum! Restaurants (India) Reports Rs 162.04 Cr Profit in FY24

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   Allied Blenders and Distillers Limited (ABD), India’s largest domestic spirits company by volume, has reported its audited financial results for the fiscal year 2025, posting record figures across key financial indicators. <em><strong>The company continues to consolidate its position in the Indian spirits industry through a focus on premiumization, backward integration, and operational efficiency.</strong></em>
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   <strong><u>Financial Performance:</u></strong> FY25 and Q4 Highlights<br>
   For FY25, ABD reported an income from operations of Rs 3,541 crore, marking a 6.2 percent increase over the previous year’s Rs 3,334 crore. <em><strong>EBITDA reached Rs 451 crore, an 81.7 percent jump from Rs 248 crore in FY24, while PAT rose significantly to Rs 195 crore compared to Rs 2 crore a year earlier.</strong></em>
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   In Q4FY25, ABD registered its third consecutive profitable quarter following its IPO in July 2024. Quarterly revenue stood at Rs 935 crore, up 21.4 percent year-on-year. <em><strong>The company posted its highest-ever quarterly EBITDA at Rs 150 crore, a 141.5 percent rise from Rs 62 crore in Q4FY24. PAT for the quarter came in at Rs 79 crore, compared to a net loss of Rs 2 crore in the same period last year.</strong></em>
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       Alok Gupta, Managing Director of ABD said, “<em><strong>We are pleased to report third consecutive quarter of robust performance following our IPO... validating both our strategic direction and its effective execution.</strong></em>”
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   <em><strong>The company’s Board of Directors has proposed a final dividend of Rs 3.6 per equity share (180 percent) for FY25, subject to shareholder approval.</strong></em>
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   ABD reported significant growth in its premium product segments during Q4FY25, delivering 8.5 million cases—up 20.8 percent from 7.1 million in Q4FY24. <em><strong>The Prestige and Above (P&amp;A) segment now accounts for 42.4 percent of total volume, up from 38.6 percent a year ago. In value terms, P&amp;A contributed 51.6 percent of the business.</strong></em>
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   <em><strong>ICONiQ White, recognized as the world’s fastest-growing spirits brand in 2023, crossed 5.7 million cases in FY25—a 151 percent increase over FY24.</strong></em> The brand is now available in 24 states and union territories.
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   In April 2025, ABD launched ABD Maestro Pvt Ltd, a venture in partnership with actor Ranveer Singh, focused on super-premium and luxury spirits. The company also continued to expand its high-end portfolio:
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       Arthaus Blended Malt Scotch Whisky, launched in late 2024, has expanded beyond Maharashtra to six other states.
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       Zoya Gin, which introduced two new flavors in January 2025, is now present in eight states and UTs.
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       Woodburns Indian Whisky acquisition was completed in January 2025 and is currently available in seven markets.
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   ABD’s backward integration plans remain on schedule. Its recently acquired ENA distillery in Maharashtra is operating at full capacity. <em><strong>Construction on new PET bottling and malt facilities in Telangana is underway, with completion targeted for Q3FY26 and Q4FY26 respectively.</strong></em>
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   In Q4FY25, EBITDA rose 25.1 percent over the previous quarter and 141.5 percent year-on-year. EBITDA margin improved to 16.1 percent, compared to 12.3 percent in Q3FY25 and 8.1 percent in Q4FY24. Cost control and a focus on high-margin state-brand mixes were key contributors to this performance.
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   <em><strong>ABD has partnered with CRISIL Ltd to strengthen its governance framework through a Governance and Value Creation (GVC) assessment aimed at aligning with global best practices.</strong></em>
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   The company also sees growth potential from the India-UK Free Trade Agreement, which could reduce import duties on bulk scotch. This is expected to enhance margins and support the growth of ABD’s super-premium and luxury portfolio.
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   In FY25, ABD expanded its exports footprint to 23 countries from 14 in FY24. <em><strong>ICONiQ White is now available in five international markets, while Zoya Gin is set to launch in the UAE in Q1FY26. ABD has also secured approvals to export to Canada and the EU.</strong></em>
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   ABD received five awards at the INDSPIRIT Awards 2025, including Company of the Year. Arthaus Blended Malt Scotch Whisky won three awards, while Zoya Special Batch Watermelon Gin was named Best Flavoured Gin.
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   At the 2025 Icons of Spirits Awards, ABD was highly commended as 'Distiller of the Year' and Arthaus was named 'Winner - Editors Pick India.'
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Westlife Foodworld Ltd, which operates McDonald’s restaurants in West and South India through its subsidiary Hardcastle Restaurants Pvt. Ltd. (HRPL), reported a significant decline in its financial performance for the fourth quarter of FY25, based on recent regulatory filings.

For the quarter ended March 2025, net profit fell by over 78 percent to Rs 1.52 crore, compared to Rs 7.01 crore reported in Q3 FY25. The company also saw a 7.74 percent sequential decline in operational revenue, which stood at Rs 603.14 crore, down from Rs 653.71 crore in the previous quarter.

Total income decreased 6.63 percent to Rs 613.09 crore in Q4 FY25, compared to Rs 656.65 crore in Q3 FY25. Additionally, profit before tax (PBT) dropped by 79.5 percent to Rs 1.33 crore, from Rs 6.48 crore in the previous quarter.

Despite the quarterly downturn, Westlife Foodworld recorded full-year revenue growth, with FY25 revenue from operations rising to Rs 2,515.66 crore, marking a 4.37 percent increase from Rs 2,410.27 crore in FY24.

On the market front, the company’s stock closed nearly flat at Rs 700 on the National Stock Exchange (NSE), reflecting a minor uptick of Rs 2.85 or 0.41 percent on the day of results. The stock has shown limited movement in the short term, gaining just 1 percent or Rs 6.90 over the last five trading sessions, and declining by 1.32 percent (Rs 9.35) over the past month.

In terms of broader trends, Westlife Foodworld’s stock has dropped 0.84 percent over the last six months, 11.07 percent year-to-date, and 15.67 percent over the past year, with a decline of Rs 130.05 over the 12-month period.

Under its exclusive master franchise agreement with McDonald’s Corporation (USA), HRPL continues to operate McDonald’s outlets across West and South India.

Jubilant FoodWorks Ltd, the operator of Domino’s and Popeyes in India, reported a significant decline in consolidated net profit for the fourth quarter of FY25, even as revenue showed notable growth.

According to the company's latest financial disclosure, net profit fell by 76.8 percent to Rs 48 crore in Q4 FY25, compared to Rs 207.5 crore in the corresponding quarter of the previous fiscal year. However, net sales increased by 35.3 percent during the same period, rising to Rs 2,130 crore from Rs 1,573.7 crore in Q4 FY24.

For the full financial year FY25, Jubilant FoodWorks posted net sales of Rs 8,141.7 crore, marking a 44 percent increase year-on-year. In contrast, net profit dropped by 47 percent to Rs 210.7 crore, down from the previous year’s Rs 397 crore.

Sameer Khetarpal, CEO and MD of Jubilant FoodWorks stated, “Trajectory of results over the last three quarters indicate the strength of our strategy, tech-capabilities and strong execution in Domino’s.”

Domino’s India registered a revenue growth of 18.8 percent, supported by order growth of 24.6 percent. Like-for-like (LFL) sales increased by 12.1 percent, with the delivery segment contributing a 21.9 percent growth in LFL terms.

The company opened 52 new stores during the quarter and expanded into nine new cities, bringing the total number of outlets to 2,179 across 475 cities as of March 31, 2025.

Domino’s delivery revenue rose 27.1 percent, with the delivery channel now accounting for 72.9 percent of the total sales mix.

Khetarpal further stated, “This growth is order-led, driven by highest-ever new customer acquisition rates, which makes the growth sustainable. We continue to make good progress on our path to build Popeyes and COFFY (in Türkiye).”

Jubilant FoodWorks Ltd (JFL), the operator of Domino’s Pizza in India and several international markets, reported a 34 percent rise in consolidated revenue from operations, reaching Rs 2,107 crore in the March 2025 quarter, according to its latest quarterly update. The company’s consolidated revenue for FY25 stood at Rs 8,145.5 crore, registering a 44 percent annual growth, supported by the company’s acquisition-led global expansion.

The increase in consolidated revenue is primarily attributed to the acquisition of a controlling stake in DP Eurasia NV during the March quarter of FY24. DP Eurasia is the exclusive master franchisee of Domino's Pizza in Turkey, Azerbaijan, and Georgia.

On a standalone basis, JFL’s revenue from operations grew 19.1 percent to Rs 1,587.2 crore for the March quarter. For the full fiscal year, standalone revenue increased 14.3 percent, reaching Rs 6,104.7 crore.

Promoted by the Bhartia family, JFL holds the master franchise for Domino’s Pizza in India, along with rights in Bangladesh, Sri Lanka, Turkey, Azerbaijan, and Georgia. It also operates Dunkin’ and Hong’s Kitchen, with about 30 stores for each brand.

“As of the quarter's end, the JFL Group network reached 3,316 stores, with a net addition of 56 stores during the quarter,” the company stated in its update. In India, Domino’s added 52 new outlets, closed 12, and ended the quarter with 2,179 stores, making it the second largest network globally for the US-based pizza chain.

In Turkey, Domino’s added 8 new stores, taking the total to 746 outlets by the end of the quarter. The company noted that the reported revenue numbers are provisional and will be subject to audit by statutory auditors.