Jubilant FoodWorks Q4 net soars

Food services major Jubilant FoodWorks on Thursday reported a robust increase in profits and revenues for the January-March quarter of the last fiscal year. Net profit rose 86% year-on-year to R19.3 crore during the quarter.

Food services major Jubilant FoodWorks on Thursday reported a robust increase in profits and revenues for the January-March quarter of the last fiscal year. Net profit rose 86% year-on-year to Rs 19.3 crore during the quarter.

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Revenues rose by 56% to Rs 194 crore during the same period.

Jubilant FoodWorks is the master franchisee of Domino’s Pizza International and Dunkin’ Donuts in India.

“During the quarter, we have further expanded our network by 14 stores, thereby enhancing our store reach to 90 cities with a total of 378 stores,” said Shyam S Bhartia, chairman and Hari S Bhartia, co-chairman, Jubilant FoodWorks Ltd.

The company will launch its first Domino’s Pizza store in Sri Lanka in June through its wholly owned subsidiary Jubilant Food Works Lanka, it said in a statement.