For
quarter ending March 2024, consolidated Net sales (including other operating income) of Jubilant Foodworks has increased 23.86% to Rs 1572.8 crore compared to quarter ended March 2023. Operating profit margin has jumped from 19.62% to 19.73%, leading to 24.58% rise in operating profit to Rs 310.35 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 23.02% to 22.12%. Purchase of finished goods cost fell from 1.56% to 1.07%. Employee cost increased from 17.56% to 18.28%. Other expenses rose from 38.16% to 38.75%. Other income rose 8% to Rs 21.33 crore. PBIDT rose 23.36% to Rs 331.68 crore. Provision for interest rose 115.96% to Rs 114.18 crore. Loan funds rose to Rs 4,197.36 crore as of 31 March 2024 from Rs 2,553.74 crore as of 31 March 2023. Inventories rose to Rs 409.89 crore as of 31 March 2024 from Rs 177.00 crore as of 31 March 2023. Sundry debtors were higher at Rs 265.07 crore as of 31 March 2024 compared to Rs 28.73 crore as of 31 March 2023. Cash and bank balance declined from Rs 256.91 crore as of 31 March 2023 to Rs 156.95 crore as of 31 March 2024. Investments declined from Rs 821.81 crore as of 31 March 2023 to Rs 308.03 crore as of 31 March 2024.
PBDT rose 0.69% to Rs 217.5 crore. Provision for depreciation rose 28.35% to Rs 168.85 crore. Fixed assets increased to Rs 5,530.97 crore as of 31 March 2024 from Rs 3,534.05 crore as of 31 March 2023. Intangible assets increased from Rs 137.96 crore to Rs 770.64 crore.
Profit before tax down 42.39% to Rs 48.65 crore. Provision for tax was expense of Rs 16.1 crore, compared to Rs 24.86 crore. Effective tax rate was 7.15% compared to 46.55%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 629.50% to Rs 208.20 crore. Equity capital stood at Rs 131.97 crore as of 31 March 2024 to Rs 131.97 crore as of 31 March 2023. Per share face Value remained same at Rs 2.00.
Promoters’ stake was 41.94% as of 31 March 2024 ,compared to 41.94% as of 31 March 2023 . Promoters pledged stake was 4.98% as of 31 March 2024 ,compared to 1.66% as of 31 March 2023 .
Full year results analysis.
Net sales (including other operating income) of Jubilant Foodworks has increased 9.61% to Rs 5654.09 crore. Operating profit margin has declined from 22.32% to 20.22%, leading to 0.70% decline in operating profit to Rs 1,143.48 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 22.70% to 22.43%. Purchase of finished goods cost fell from 1.58% to 1.36%. Employee cost increased from 17.55% to 18.71%. Other expenses rose from 35.87% to 37.29%. Other income fell 16.92% to Rs 41.88 crore. PBIDT fell 1.38% to Rs 1185.36 crore. Provision for interest rose 43.01% to Rs 287.77 crore. Loan funds rose to Rs 4,197.36 crore as of 31 March 2024 from Rs 2,553.74 crore as of 31 March 2023. Inventories rose to Rs 409.89 crore as of 31 March 2024 from Rs 177.00 crore as of 31 March 2023. Sundry debtors were higher at Rs 265.07 crore as of 31 March 2024 compared to Rs 28.73 crore as of 31 March 2023. Cash and bank balance declined from Rs 256.91 crore as of 31 March 2023 to Rs 156.95 crore as of 31 March 2024. Investments declined from Rs 821.81 crore as of 31 March 2023 to Rs 308.03 crore as of 31 March 2024.
PBDT fell 10.31% to Rs 897.59 crore. Provision for depreciation rose 23.06% to Rs 597.96 crore. Fixed assets increased to Rs 5,530.97 crore as of 31 March 2024 from Rs 3,534.05 crore as of 31 March 2023. Intangible assets increased from Rs 137.96 crore to Rs 770.64 crore.
Profit before tax down 41.80% to Rs 299.63 crore. Provision for tax was expense of Rs 84.96 crore, compared to Rs 135.7 crore. Effective tax rate was 17.49% compared to 27.77%.
Net profit attributable to owners of the company increased 13.26% to Rs 400.02 crore.
Equity capital stood at Rs 131.97 crore as of 31 March 2024 to Rs 131.97 crore as of 31 March 2023. Per share face Value remained same at Rs 2.00.
Promoters’ stake was 41.94% as of 31 March 2024 ,compared to 41.94% as of 31 March 2023 . Promoters pledged stake was 4.98% as of 31 March 2024 ,compared to 1.66% as of 31 March 2023 .
Cash flow from operating activities decreased to Rs 1,009.64 crore for year ended March 2024 from Rs 1,026.16 crore for year ended March 2023. Cash flow used in acquiring fixed assets during the year ended March 2024 stood at Rs 852.96 crore, compared to Rs 842.03 crore during the year ended March 2023.
Other Highlights
The
board recommended dividend of Rs 1.2 per equity share of face value of Rs 2
each for FY24.
The
company approved making further investments of upto Rs 30 crore in Jubilant
FoodWorks Bangladesh, wholly owned subsidiary of the Company.
In
FY24, company opened