Jubilant foodworks Q3 net up 56%
Food Services company Jubilant FoodWorks Limited (JFL), which operates the Domino’s pizza chain in India, posted a robust 56% year-on-year jump in net profit at R29.5 crore for the October-December period against R19 crore a year ago.
Revenues of the company during the quarter registered an year-on-year growth of 49% and stood at R277.1 crore.
“Our products and store additions continued at a healthy pace. We are successfully enhancing our market share and fortifying our leadership in the quick service industry as we have grown Domino’s Pizza network to 439 stores as of December 31, 2011. In view of our expansion philosophy, plans to launch Dunkin’ Donuts are advancing well and are at par with our previously set timeline to launch it in the first half of the calendar year 2012,” said Shyam S Bhartia, chairman and Hari S Bhartia, co-chairman, Jubilant FoodWorks Ltd.
During the quarter the company opened 28 new Domino’s stores in India. The total number of stores under its ambit is 439 as on December 31, 2011, while the number stood at 364 stores at the end of December 31, 2010.