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Jubilant FoodWorks sales increase 26%
Posted On: 05-08-2013 03:55:13 AM

Jubilant FoodWorks, which runs Domino’s and Dunkin Donuts restaurants, reported first quarter sales at Rs 396.42 crore, up 26.07 %, compared with Rs 314.44 crore in the corresponding period last year. Topline performance driven growth in Domino's Pizza was on account of expansion in the network of restaurants. The company also reported 5.13 % increase in its standalone net profit at Rs 34 crore, up from Rs 32.34 crore last year. Profits remained at stable levels on account of consumer spends having moderated, increase income tax surcharge and depreciation expense due to rapid expansion of restaurant network. Overall expenses during the quarter were at Rs 347.72 crore, an increase of 29.31 % as against Rs 268.89 crore in the same quarter last year.

The company plans to keep up the pace of expansion with a Rs 250 crore plan which will be funded from internal accruals. Jubilant FoodWorks will open 125 Domino's Pizza and 18 Dunkin' Donuts restaurants during the current financial year.

 
 
 

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