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Jubilant FoodWorks’ Q3 profit up 22%

Web revenue rose to 123.91 crore within the three months ended December 31 from 101.80 crore within the 12 months earlier, the corporate mentioned on Wednesday.

By Suneera Tandon, New Delhi

PUBLISHED ON FEB 04, 2021 07:27 AM IST

Jubilant FoodWorks Ltd, the operator of the Domino’s Pizza and Dunkin’ Donuts eating places in India, reported a 22% rise in quarterly revenue due to a surge in supply and takeaway gross sales.

Web revenue rose to 123.91 crore within the three months ended December 31 from 101.80 crore within the 12 months earlier, the corporate mentioned on Wednesday.

Consolidated income from operations, nonetheless, fell marginally to 1,069.27 crore from 1,071 crore because of seating-capacity restrictions in eating places. Domino’s witnessed full gross sales restoration throughout the fiscal third quarter backed by continued momentum in supply and takeaway channels, which grew by 18.5% and 64.3%, respectively, from the year-ago interval, the corporate mentioned. The gross sales restoration continued in January with total gross sales for Domino’s rising by 6%. The corporate witnessed its highest-ever app downloads throughout the quarter at 7.four million.

“We turned the nook decidedly within the third quarter, with Domino’s returning to development, pushed by robust momentum in supply and takeaway channels,” mentioned Pratik Pota, chief government of Jubilant FoodWorks. Codecs resembling supply and takeaway grew forward of the dine-in enterprise. For the December quarter, gross sales restoration for the dine-in enterprise stood at 41.6% of that within the year-ago interval. For January, it was 56%. Restoration in dine-in enterprise stays sluggish due to restrictions on seating capability in eating places.

The promoters of HT Media Ltd, which publishes Mint, and Jubilant FoodWorks are carefully associated. There are, nonetheless, no promoter cross-holdings.

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