Jubilant FoodWorks , the master franchisee for Domino's Pizza in India and other countries, has reported strong financial results for the second quarter. The company's performance showcases significant growth across various metrics, indicating a positive trend in its operations.

Financial Highlights

The company's financial performance for Q2 is summarized in the table below:

Operational Performance

Jubilant FoodWorks has also reported impressive like-for-like (LFL) growth figures:

• Domino's India LFL growth: 9.1%
• Domino's Turkey LFL growth (Post-IAS-29): 5.6%

Expansion and Store Network

The company continues to expand its presence, with significant additions to its store network:

• Total JFL Group network: 3,480 stores (net addition of 93 stores during the quarter)
• Domino's India: 81 new stores opened, reaching a total of 2,321 stores
• Domino's Turkey: 1 new store opened and 1 closed, maintaining a network of 751 stores

Market Implications

The strong performance of Jubilant FoodWorks reflects the company's robust growth strategy and effective execution. The substantial increase in revenue, coupled with the expansion of its store network, particularly in India, indicates a growing market demand for its offerings.

The company's ability to maintain high LFL growth rates, especially in the Indian market, suggests that it continues to resonate with consumers and effectively navigate the competitive quick-service restaurant landscape.

Investors and market watchers may view these results positively, as they demonstrate Jubilant FoodWorks' capacity for sustained growth and market expansion. The company's performance in international markets, particularly Turkey, also shows promise, albeit with more modest growth compared to its Indian operations.

Note: The financial figures and store counts mentioned in this article are based on the company's provisional data and are subject to limited review by statutory auditors.

Shares of Jubilant FoodWorks , the master franchisee for Domino's Pizza in India, saw an uptick in trading on Monday following reports of a potential Goods and Services Tax (GST) waiver on pizza bread. The news, initially reported by CNBC Awaaz, sparked investor interest in the quick-service restaurant chain.

Potential Tax Relief

According to the report, Jubilant FoodWorks could benefit from a GST waiver specifically on pizza bread. This development, if implemented, could potentially reduce costs for the company and possibly lead to more competitive pricing for consumers.

Market Reaction

While the exact details of the potential waiver are yet to be officially confirmed, the market responded positively to the news. Investors appear to be optimistic about the possible financial implications for Jubilant FoodWorks, which operates over 1,800 Domino's Pizza outlets across India.

Company's Recent Activities

In related news, Jubilant FoodWorks recently conducted a postal ballot to seek shareholder approval on certain matters. According to the Latest Operational Data Report (LODR) filed by the company:

• The company initiated a postal ballot process on September 1, with the voting period set from September 2 to October 1.
• The postal ballot notice was sent electronically to shareholders whose email addresses were registered with the company or depository participants as of August 22.
• The results of this postal ballot are expected to be announced shortly after the voting period concludes.

Industry Implications

If implemented, a GST waiver on pizza bread could have broader implications for the quick-service restaurant industry in India. It may lead to similar considerations for other food items and potentially impact pricing strategies across the sector.

As of now, neither Jubilant FoodWorks nor tax authorities have officially commented on the reported GST waiver. Investors and industry observers will be keenly watching for any official announcements or clarifications regarding this development.

Note: Readers are advised to await official confirmation from the company or relevant tax authorities regarding the reported GST waiver.