Published on 17/07/2017 5:54:25 PM | Source: Dion Global Solutions Ltd.
Jubilant Food Works Q1 net jumps 26% at Rs 23.84 cr
Jubilant FoodWorks, which holds the master franchise for Domino's Pizza and Dunkin' Donuts in India, on Monday reported a 26 per cent year-on-year growth in its standalone net profit after tax (PAT) at Rs 23.84 crore for the first quarter ended June 30, 2017, driven by robust Same Store Sales growth. PAT also reflects the adverse impact of Rs 9 crore on account of restaurants closure.
“The standalone net profit of the firm stood at Rs 19 crore during the same period a year ago,” said Jubilant FoodWorks in a filing to the Bombay Stock Exchange on Thursday. The standalone income from operations rose by 11.5 per cent to Rs 678.81 crore from Rs 608.91 crore during the same quarter last fiscal. Overall profitability also saw significant improvement with EBITDA for Q1 FY18 increasing by 38 per cent to Rs79.6 crore.
The Q1 FY18 EBITDA margin at 11.7 per cent was the highest in the last eight quarters. Commenting on the performance for Q1, Shyam S. Bhartia, Chairman and Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited said, “We are happy to report a strong, all-round Q1 FY18 performance….The performance strengthens our confidence in the underlying growth potential of our brands and the ability of our business model to unleash it.”
In a separate release, the company said that Sachin Sharma, President & CFO and key managerial personnel of the company has resigned from the services of the company. His last working day will be July 21, 2017.
Board will appoint his successor in due course, it said. Boosted by strong Q1, shares of company were trading at Rs 1227.45 apiece, up 5.27 per cent, from previous close on BSe at 14:15 hours.