Jubilant FoodWorks Reports Strong Q2 Performance with Net Profit Surging 191% Year-on-Year

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.40%	-1.63%	-0.30%	-12.62%	-13.18%	+10.79%

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:

Metric	Q2 (₹ in million)	YoY Growth
Consolidated Revenue	23,404.00	19.7%
Standalone Revenue	16,987.00	15.8%

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.