NewsEarningsJubilant FoodWorks Reports Strong Q2 Performance with Net Profit Surging 191% Year-on-YearJubilant FoodWorks Reports Strong Q2 Performance with Net Profit Surging 191% Year-on-Year
Jubilant FoodWorks Limited reported robust Q2 financial results with consolidated revenue increasing 19.7% YoY to Rs. 23,402.00 million. EBITDA rose 19.5% to Rs. 4,762.00 million, while net profit surged 191% to Rs. 1,860.00 million. The company expanded its network, adding 93 stores across brands, with Domino's reaching 3,179 stores. Standalone business in India grew 15.8%, driven by strong order growth. International operations in Turkey, Sri Lanka, and Bangladesh also showed significant growth. Management expressed satisfaction with the performance, highlighting consistent improvement in operating and PAT margins.
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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.
Historical Stock Returns for Jubilant FoodWorks
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.45% | +6.89% | +5.58% | -11.18% | +1.32% | +24.45% |
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