Moneycontrol Bureau
Jubilant Foodworks, which operates Domino's Pizza and Dunkin Donuts chains in India, said profit in October-December quarter declined 31.9 percent year-on-year to Rs 20 crore, with same-store-sales growth at negative 3.3 percent.
Revenue during the quarter increased 3.9 percent to Rs 659 crore compared with Rs 634 crore in year-ago quarter.
Earnings beat analysts' expectations on all counts. Profit was expected at Rs 17.4 crore on revenue of Rs 652.8 crore and operating profit was estimated at Rs 58.5 crore with margin at 9 percent for the quarter, according to average of estimates of analysts polled by CNBC-TV18.
Same-store-sales growth at negative 3.3 percent was much ahead of analysts' estimates of negative 5-6 percent for the quarter, against negative 5 percent in previous quarter and growth of 2 percent in year-ago quarter.
Operating profit fell 12 percent year-on-year to Rs 64 crore and margin contracted by 180 basis points to 9.7 percent in the quarter gone by.
Total restaurants at the end of December 2016 increased to 1,107 from 990 in same quarter last year.
At 15:02 hours IST, the stock was quoting at Rs 1,019.50, up Rs 100.60, or 10.95 percent amid high volumes on the BSE.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
