Jubilant Foodworks Q1 net may up 2%, SSS growth seen at 6%

Jubilant Foodworks, the master franchisee of Dominos international in India, will declare its April-June quarter earnings today. The bottomline of the company may grow just 2 percent year-on-year to Rs 33 crore, according to a CNBC-TV18 poll.

Analysts on an average expect total income from operations to rise 28.3 percent on yearly basis to Rs 403.5 crore during the first quarter.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to increase 18.9 percent Y-o-Y to Rs 68.1 crore, but operating profit margin may drop 130 basis points Y-o-Y to 16.9 percent in June quarter as Dunkin business and high rental costs continue to impact profitability.

Analysts expect same-store sales (SSS) growth at 6 percent (significantly lower than the guidance announced by the management) as against a high base of 22.3 percent in Q1FY13.

After March quarter results, the management had cut their guidance on SSS growth from 10 percent to 8-10 percent. The SSS growth was 16.2 percent in FY13 and 29.7 percent in FY12.