Jubilant FoodWorks Reports Strong October Performance and Announces Price Cuts

Jubilant FoodWorks Limited, one of India's leading food service companies, has announced price reductions on certain menu items in response to recent tax cuts in the country. The announcement was made by a company executive, signaling a move that could potentially benefit consumers.

Recent Performance

An executive at Jubilant FoodWorks reported that the company's October performance was strong and exceeded expectations. This positive update follows the company's robust financial results for the second quarter.

Financial Performance

Jubilant FoodWorks reported strong financial results for the second quarter. According to the company's consolidated financial statements:

Metric	Performance
Revenue from operations	Increased by 19.70% year-over-year to Rs. 23,401.52 million
Profit before tax	Grew by 81.30% to Rs. 1,577.59 million compared to the same quarter last year
EBITDA margin	Remained steady at 20.30%

Operational Highlights

Jubilant FoodWorks, which operates popular brands such as Domino's Pizza in India, has been expanding its presence across the country. As of the end of the quarter, the company's consolidated store network comprised 3,480 stores, with a net addition of 93 stores during the period.

Impact of Price Reductions

While specific details about the price cuts were not provided, the move is likely to be welcomed by consumers. The decision to pass on the benefits of tax reductions to customers could potentially drive higher sales volumes and footfall across Jubilant FoodWorks' various restaurant chains.

Management's Perspective

Shyam S. Bhartia, Chairman, and Hari S. Bhartia, Co-Chairman of Jubilant FoodWorks Limited, commented on the company's performance, stating:

"We are delighted with the steady topline growth across all markets. Our India business continues to grow ahead of the market while also witnessing a consistent improvement in operating margin and PAT margin."

The price reduction strategy aligns with the company's focus on value creation and customer satisfaction, which has been a key driver of its growth in the competitive food service industry.

Looking Ahead

As Jubilant FoodWorks implements these price reductions, it will be interesting to observe the impact on the company's market share and consumer behavior in the coming quarters. The move could potentially strengthen the company's position in the quick-service restaurant sector and contribute to sustained growth in a price-sensitive market.

With the reported strong performance in October, investors and industry observers will likely keep a close watch on how this strategy affects Jubilant FoodWorks' financial performance and competitive standing in the future.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.39%	-1.38%	+1.71%	-13.54%	-10.40%	+16.42%

Jubilant FoodWorks Limited , a leading food-tech company, has reported robust financial results for the second quarter. The company's consolidated revenue from operations grew by 19.7% year-over-year to Rs. 23,402.00 million, driven by strong performance across its brands and markets.

Key Financial Highlights

Consolidated revenue increased 19.7% YoY to Rs. 23,402.00 million
EBITDA rose 19.5% YoY to Rs. 4,762.00 million, with margin steady at 20.35%
Consolidated net profit surged 191% YoY to Rs. 1,860.00 million from Rs. 640.00 million
PAT margin expanded significantly

Operational Performance

The company continued its network expansion, adding 93 stores during the quarter to reach a total of 3,480 stores across all brands and markets. Domino's, the flagship brand, now has 3,179 stores after adding 81 new outlets.

Jubilant FoodWorks' standalone business, which primarily includes operations in India, saw revenue growth of 15.8% YoY to Rs. 16,987.00 million. Domino's India revenue increased by 15.5% YoY, driven by strong order growth of 14.8% YoY. The company reported a like-for-like (LFL) growth of 9.1% YoY, with the delivery channel showing robust LFL growth of 16.5% YoY.

International Operations

The company's international operations also demonstrated strong growth:

Country	Performance
Turkey	System sales reached Rs. 9,957.00 million, with revenue increasing 28.7% YoY to Rs. 5,927.00 million
Sri Lanka	Domino's revenue grew by 86.1% YoY to Rs. 317.00 million
Bangladesh	Domino's revenue increased by 54.1% YoY to Rs. 194.00 million

Management Commentary

Shyam S. Bhartia, Chairman, and Hari S. Bhartia, Co-Chairman of Jubilant FoodWorks Limited, commented, "We are delighted with the steady topline growth across all markets. Our India business continues to grow ahead of the market while also witnessing a consistent improvement in operating margin and PAT margin. Our Turkey business is consistently delivering value accretion with robust topline growth and healthy PAT margin. Sri Lanka and Bangladesh businesses are also witnessing strong growth."

Sameer Khetarpal, CEO and MD, added, "This has truly been a dream quarter for JFL. Domino's delivered robust like-for-like growth across all geographies, while Popeyes achieved double-digit same-store sales growth. Domino's India became the first QSR brand to reach 500 cities and JFL further expanded its PAT margin. Additionally, Domino's India launched an app monetisation platform, partnering with leading national brands and opening up new revenue streams for the company."

The company's strong performance in Q2 demonstrates its resilience and ability to capitalize on the growing food delivery and quick-service restaurant market in India and international markets. With continued focus on expansion, innovation, and operational efficiency, Jubilant FoodWorks appears well-positioned for future growth.