Jubilant Foodworks Q4 net up 26%,same-store-sales grow 6.6%

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Moneycontrol Bureau

Jubilant Foodworks posted net profit of Rs 31.5 crore in the January-March quarter, up 26 percent from Rs 25 crore in the corresponding quarter last fiscal. Income, during the period, also grew 25 percent to Rs 542.1 crore versus Rs 433.7 crore year-on-year. Its same-store-sales (SSS) growth was at 6.6 percent beating street estimates of 2-4 percent. Success in new product launches and on ground execution aided growth in the quarter. The company had seen negative 3.4 percent SSS growth in year-ago period.

According to a CNBC-TV18 poll, net profit of the company was seen growing 19.7 percent at Rs 29.8 crore in the March quarter while revenue was seen growing 23.3 percent to Rs 534.7 crore on a yearly basis.  

In the March quarter, EBITDA jumped 26 percent at Rs 70 crore versus Rs 55.7 crore while EBITDA margins was at 12.9 percent compared to 12.8 percent year-on-year.

Raw material cost of the Domino's brand owner went up 24 percent at Rs 93 crore, employee costs was up 28 percent at Rs 92 crore while rent jumped 28 percent at Rs 43 crore.      

During the quarter, it added 38 new Domino's restaurants and 8 new Dunkin Donut restaurants. The company aims to open 30 Dunkin Donut restaurants.

For the full year, its net profit was down 6 percent at Rs 111 crore on a revenue of Rs 2093 crore. Revenue in FY15 grew 20.6 percent.

The board has recommended a dividend of Rs 2.50 per equity share of Rs 10 each for the FY15.

The stock closed at Rs 1,569.60, up Rs 18.60, or 1.20 percent on the BSE.