Food Delivery 2021-10-26

Driven by delivery and takeaway channels, JFL reports strong quarter ending Sept 30

Revenue from operations in the second quarter stood at Rs 1,116.19 crore as compared to Rs 816.33 crore in the same period a year ago.

By Deputy Features Editor
Driven by delivery and takeaway channels, JFL reports strong quarter ending Sept 30

Operators of Domino’s Pizza and Dunkin Donuts in India, Jubilant Foodworks Ltd on Wednesday reported 58.11 per cent jump in consolidated net profit at Rs 119.82 crore for the second quarter ended September 30, 2021.

The food delivery brand shared that delivery and takeaway channels are one of the greatest contributors in the growthJubilant logged a profit of Rs 75.78 crore in the year-ago period, it said in the regulatory filing.

Revenue from operations in the second quarter stood at Rs 1,116.19 crore as compared to Rs 816.33 crore in the same period a year ago.

“ The second quarter saw a strong all-round performance with revenue, profitability and store growth numbers hitting record highs.The new investments announced during the quarter will help steer the company towards its goal of becoming a multi-brand, multi-country business driven by technology and will create significant value for all stakeholders,” shared Shyam S Bhartia and Co-Chairman Hari S Bhartia in a joint statement.

During the quarter, JFL had announced key strategic investments in line with its stated goal of building a multi-brand and multi-country food business powered by technology. These included launching a reverse bookbuild process to enhance the company’s indirect shareholding in the Netherlands-based DP Eurasia N V, the fifth largest master franchisee of Domino’s Pizza, the company said.Total expenses in the second quarter of this fiscal year were higher at Rs 963.47 crore as compared to Rs 747.01 crore in the year-ago period.

“Notwithstanding the operating challenges and inflationary headwinds, we delivered a robust topline growth, strong EBITDA margins and record new store openings. We are excited about the future and believe that we have the right strategy to lead growth in the exciting period that lies ahead,” added Pratik Pota, CEO, Jubilant FoodWorks.

 

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