Jubilant FoodWorks Ltd (JFL), which operates the Quick Service (QSR) chain such as Domino’s Pizza and Dunkin ‘Donuts, on Wednesday reported an increase of 7.48 percent in its consolidated net profit to Rs 133.19 Crore for the third quarter ending in December 2021 The company has posted a net income of Rs 123.91 Crore in the quarter in accordance last year, JFL said in the archiving of BSE His income from operations during October-December 2021 reached Rs 1,210.77 Crore, a surge in 13.23 percent compared to Rs 1,069.27 Crore in the last year period.
“Growth is driven by a better recovery in the eateries, well-supported by strong momentum in the shipping channel,” JFL said in his post-income statement The total JFL costs rose 13.06 percent to Rs 1,040.23 Crore in the December 2021 quarter, compared with Rs 920.02 Crore in the period last year “When compared to the pre-covid-19 Q3FY20 period, the sales of the domino system recovered ed at 112.9
“This is associated with recovery in shipping and takeaway channels by 128 percent and 148.2 percent. Dine-in Channel witnessed a healthy recovery at 71.7 percent,” JFL said During the October-December 2021 quarter, JFL opened 75 new restaurants for Pizza Domino, entering 17 new cities The quarter also saw a record of new store openings with a landmark of 75 new dominoes opened. This is the highest number of new store openings by any franchisees in every quarter in any market.
In addition, JFL recently also reached a milestone of 1,500 dominoes in India During the quarter, JFL witnessed 8.2 million downloads of Domino applications to take a total of 79.5 million It also opened one new restaurant each for Dunkin ‘in the third quarter, taking the total number to 29.
JFL also opened one restaurant of each new QSR brand – Kitchen Hong and Ekdum!, Took the total number to 22 at the end of the quarter In January, JFL had also launched the iconic US fried chicken brand in India by opening two shops in Bengaluru The initial customer response and feedback has been encouraging,” JFL said added that another QSR Popeyes was scheduled to be open immediately.
While sharing information about overseas operations, JFL said it was in Sri Lanka, he had registered the highest system sales at a quarter with a sales growth of 95.9 percent. Meanwhile, in Bangladesh, system sales grew 38 percent The company launched each new outlet in Sri Lanka and Bangladesh,” he said JFL Chairman Shyam S Bhartia and Chairperson Joint Bhartia said in a statement, “We have provided strong and all-round Q3FY22 performance, along with the expansion of the Domino store network record. The company continues to create benchmarks, the key to exceeds. History milestones and we remain excited about The existing growth opportunities. “Meanwhile, in separate archiving, JFL said the council was at a meeting on Wednesday approved and recommended the equity stock sub-division of the nominal value of Rs 10 each to the nominal value of Rs 2 respectively This will “increase the company’s equity stock liquidity and encourage small investor participation by making it more affordable”, JFL said Jubilant FoodWorks Ltd. on Wednesday was completed at RS 3,301.25 each at BSE, down 4.04 percent from the previous closing.