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Jubilant FoodWorks Q2 Revenue Rises 11.9% to Rs 2,608.7 Crore

Jubilant FoodWorks, the operator of Domino’s Pizza in India, reported an 11.9 per cent year-on-year rise in consolidated revenue from operations to Rs 2,608.7 crore in the second quarter.

Standalone revenue rose 11.6 per cent to Rs 1,885.8 crore, according to the company’s provisional business update filed with the exchanges on Wednesday.

Domino’s India posted like-for-like sales growth of 4.1 per cent, up from 2.5 per cent in the June quarter. Domino’s Eurasia recorded negative like-for-like growth of 2.1 per cent after hyperinflation accounting.

The group added 108 net stores during the quarter, including 88 Domino’s outlets in India, taking the India network to 2,601. The total group network reached 3,820 stores.

The update was released on the same day the RBI raised the repo rate to 5.50 per cent. Shares had closed 2.42 per cent higher at Rs 460.60 on the NSE on Wednesday. The figures are provisional and remain subject to limited review by the company’s statutory auditors.

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