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The board has recommended a dividend of Rs 2.50 per equity share of Rs 10 each for FY15.
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Analysts are expecting a steady quarter but demand may not witness sharp uptick. However, same-store-sales (SSS) growth may be at 2-4 percent in fourth quarter versus a de-growth of 3.4 percent year-on-year. Revenue growth is likely to be further aided by newly added Dominoes and Dunkin stores.
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Personal care and beauty services provider Marico Kaya Enterprises posted a robust set of numbers in its third quarter ended December.
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The mega advertising blitz and discount sales led by online retailers coupled with the shifting of Durga pooja [which normally takes place in the third quarter] to the second impacted department store sales for Shoppers Stop, MD Govind Shrikhande told CNBC-TV18‘s Latha Venkatesh and Reema Tendulkar in an interview.
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While Barclays expects Jubilant to benefit from an improving macro, the recovery is likely to be only gradual as it expects material same-store sales (SSS) growth recovery to be still 8-10 quarters away due to high competition.
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Though the brokerage feels Jubilant is well positioned in the underpenetrated Indian food services market but is concerned that medium-term profitability including margins and cash flows may remain under pressure.
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Same-store-sales (SSS) growth shrunk to negative of 2.6 percent as against 6.6 percent growth in previous quarter and 16.1 percent in a year ago period on the back of tepid economic environment and consumers' constrained discretionary budgets.
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Analysts say intensifying competition, high store penetration in tier-1 cities and cannibalisation in several places will limit same-store sales growth going ahead. Furthermore, expansion of Dunkin' Donuts, which is unlikely to break-even for 4 years and higher ad spends will keep margins in check.
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Shoppers Stop closed a HyperCity store in Ludhiana in Q1 and is rightsizing stores in Hyderabad and Vashi. HyperCity will stop selling consumer durables and IT products over the next 12-15 months and that will free up 15,000-20,000 sq. feet of space at each outlet.
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Jubilant Foodworks, which operates Domino's Pizza and Dunkin' Donuts in India, reported a 14 percent YoY rise in Q4 net profit at Rs 33 crore, while sales were up 29 percent to Rs 366 crore. Both profit and sales were below street expectations. EBITDA margins slumped 180 bps.
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Future Retail reported a standalone net profit of Rs 2 crore and net sales of Rs 911 crore in the first quarter. While same-store sales in value retail formats have grown strongly, lifestyle retail sales grew slowly and home retail business continues to be a drag.
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Department store operator Shoppers Stop's fourth quarter standalone net profit rose 10 percent year-on-year to Rs 15.2 crore.
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Jubilant Foodworks, which runs Domino's Pizza outlets in India says there are early signs of slowdown in consumer spending and new customer acquisitions, a sign that may suggest that Quick Serve Restaurants as they are called, could be catching the slowdown bug.
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It was another stellar quarter from Jubilant Foodworks. Its net profit was up 52% year-on-year to Rs 29 crore, and net sales rose 46% to Rs 283 crore.
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Marico's third quarter consolidated net profit rose 21% year-on-year to Rs 84.12 crore, helped by good growth in volumes and price hikes taken during the quarter to offset high input costs.
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Retail stocks surged 10-20% on Friday as the market cheered the government’s decision to allow 51% foreign direct investment [FDI] in multi-brand retail and 100% FDI in single-brand retail. Pantaloon Retail gained the most, up 17% in morning trade. But is it really a good time to buy retail stocks?
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Price hikes to negate higher raw material prices and excise duty on apparels is likely to boost revenues of retailers for April-June. Further, a consumer shift to low price private label products—known as down-trading—because of inflation, will benefit companies like Pantaloon Retail.
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Jubilant Foodworks’ fourth quarter (January-March) net profit surged 86% year-on-year to Rs 19.3 crore, aided by strong sales at its Dominos Pizza outlets.
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Cashing in on the growing demand for speciality food among urban up-market consumers, Godrej Group's gourmet retail chain Nature's Basket is eyeing a 40-43% growth in same-store sales this year, a top company official said today.
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