On consolidated basis
Quarter ended September 2024 compared with Quarter ended September 2023.
Net sales (including other operating income) of Jubilant Foodworks has increased 42.82% to Rs 1954.72 crore. Operating profit margin has jumped from 20.25% to 20.39%, leading to 43.80% rise in operating profit to Rs 398.58 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 22.70% to 20.66%. Purchase of finished goods cost rose from 1.38% to 7.64%. Employee cost decreased from 18.88% to 17.04%. Other expenses fell from 36.84% to 34.48%. Other income rose 327.90% to Rs 30.21 crore. PBIDT rose 50.85% to Rs 428.79 crore. Provision for interest rose 142.98% to Rs 138.11 crore. Loan funds rose to Rs 4,241.94 crore as of 30 September 2024 from Rs 2,607.88 crore as of 30 September 2023. Inventories rose to Rs 383.30 crore as of 30 September 2024 from Rs 260.49 crore as of 30 September 2023. Sundry debtors were higher at Rs 258.69 crore as of 30 September 2024 compared to Rs 35.35 crore as of 30 September 2023. Cash and bank balance rose to Rs 120.92 crore as of 30 September 2024 from Rs 117.49 crore as of 30 September 2023. Investments declined from Rs 730.68 crore as of 30 September 2023 to Rs 289.97 crore as of 30 September 2024. PBDT rose 27.83% to Rs 290.68 crore. Provision for depreciation rose 41.97% to Rs 201.43 crore. Fixed assets increased to Rs 5,699.76 crore as of 30 September 2024 from Rs 3,780.72 crore as of 30 September 2023. Intangible assets increased from Rs 162.20 crore to Rs 770.64 crore. Profit before tax grew 4.36% to Rs 89.25 crore. Provision for tax was expense of Rs 15.47 crore, compared to Rs 23.33 crore. Effective tax rate was 17.78% compared to 19.36%. Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 28.97% to Rs 69.04 crore. Equity capital stood at Rs 131.97 crore as of 30 September 2024 to Rs 131.97 crore as of 30 September 2023. Per share face Value remained same at Rs 2.00. Promoters’ stake was 41.94% as of 30 September 2024 ,compared to 41.94% as of 30 September 2023 . Promoters pledged stake was 4.98% as of 30 September 2024 ,compared to 0.80% as of 30 September 2023 . For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Jubilant Foodworks has increased 43.82% to Rs 3887.78 crore. Operating profit margin has declined from 20.46% to 20.11%, leading to 41.34% rise in operating profit to Rs 781.64 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 22.61% to 20.78%. Purchase of finished goods cost rose from 1.52% to 6.87%. Employee cost decreased from 18.91% to 17.07%. Other expenses fell from 36.52% to 35.23%. Other income rose 188.72% to Rs 47.35 crore. PBIDT rose 45.58% to Rs 828.99 crore. Provision for interest rose 145.14% to Rs 272.5 crore. Loan funds rose to Rs 4,241.94 crore as of 30 September 2024 from Rs 2,607.88 crore as of 30 September 2023. Inventories rose to Rs 383.30 crore as of 30 September 2024 from Rs 260.49 crore as of 30 September 2023. Sundry debtors were higher at Rs 258.69 crore as of 30 September 2024 compared to Rs 35.35 crore as of 30 September 2023. Cash and bank balance rose to Rs 120.92 crore as of 30 September 2024 from Rs 117.49 crore as of 30 September 2023. Investments declined from Rs 730.68 crore as of 30 September 2023 to Rs 289.97 crore as of 30 September 2024. PBDT rose 21.44% to Rs 556.49 crore. Provision for depreciation rose 38.68% to Rs 384.97 crore. Fixed assets increased to Rs 5,699.76 crore as of 30 September 2024 from Rs 3,780.72 crore as of 30 September 2023. Intangible assets increased from Rs 162.20 crore to Rs 770.64 crore. Profit before tax down 5.06% to Rs 171.52 crore. Share of profit/loss was 15.83% higher at Rs -4.89 crore. Provision for tax was expense of Rs 34.3 crore, compared to Rs 48.73 crore. Effective tax rate was 20.58% compared to 27.87%.Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 1.19% to Rs 127.62 crore. Equity capital stood at Rs 131.97 crore as of 30 September 2024 to Rs 131.97 crore as of 30 September 2023. Per share face Value remained same at Rs 2.00. Promoters’ stake was 41.94% as of 30 September 2024 ,compared to 41.94% as of 30 September 2023 . Promoters pledged stake was 4.98% as of 30 September 2024 ,compared to 0.80% as of 30 September 2023 . Cash flow from operating activities increased to Rs 789.06 crore for YTD ended September 2024 from Rs 476.20 crore for YTD ended September 2023. Cash flow used in acquiring fixed assets during the YTD ended September 2024 stood at Rs 397.20 crore, compared to Rs 421.43 crore during the YTD ended September 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 4,206.86 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
In
Q2 FY25, New customer acquisition (Domino’s India) growth was 29% YoY.
In
Q2 FY25, Domino’s India LFL growth came in at 2.8% YoY driven by Delivery LFL
growth of 11.4% YoY.
In
Q2 FY25, Delivery channel revenue increased by 15.9% YoY. Dine-in channel
revenue declined by 5.6% YoY.
In
Q2 FY25, the company opened 73 new stores across all brands.
In
Q2 FY25, Domino’s Turkey System Sales decreased 6% YoY
and Bangladesh sales decreased 5.3% YoY. Sri Lanka sales increased 33.6% YoY
aided by new product launches, and focused local initiatives.
Management Comments :
Mr.
Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co-Chairman, Jubilant
FoodWorks commented, “Our commitment to convenience,
innovation, and consumer value is driving competitive growth. We sustained
broad-based momentum in Q2, achieving system sales of Rs. 45.1 billion in H1
and grew the JFL network to 3,130 stores by adding 139 stores across brands and
markets. We’re also pleased with the elevated trajectory in operating profit,
enabled by acquisition of a well-run franchised network in Turkey, which
complements our corporate-owned store setup in India.”
Mr.
Sameer Khetarpal, CEO and MD, Jubilant FoodWorks commented, “Our focused strategy on doubling down on Domino’s is delivering
strong results. With increased investment in brand building, rapid product
innovation, expanded regional structure, and denser store networks enabling
20-minute delivery, we’re seeing remarkable volumetric growth momentum.
Domino’s India achieved its highest orders, app traffic, conversion rates, and
store throughput in recent quarter, underscoring the impact of our approach.”
| Jubilant Foodworks : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202409 | 202309 | Var.(%) | 202409 | 202309 | Var.(%) | 202403 | 202303 | Var.(%) |
|---|
| Net Sales (including other operating income) | 1,954.72 | 1,368.63 | 42.82 | 3,887.78 | 2,703.17 | 43.82 | 5,654.09 | 5,158.25 | 9.61 | | OPM (%) | 20.39 | 20.25 | 14 bps | 20.11 | 20.46 | -35 bps | 20.22 | 22.32 | -210 bps | | OP | 398.58 | 277.18 | 43.80 | 781.64 | 553.02 | 41.34 | 1,143.48 | 1,151.56 | -0.70 | | Other Inc. | 30.21 | 7.06 | 327.90 | 47.35 | 16.40 | 188.72 | 41.88 | 50.41 | -16.92 | | PBIDT | 428.79 | 284.24 | 50.85 | 828.99 | 569.42 | 45.58 | 1,185.36 | 1,201.97 | -1.38 | | Interest | 138.11 | 56.84 | 142.98 | 272.50 | 111.16 | 145.14 | 287.77 | 201.23 | 43.01 | | PBDT | 290.68 | 227.40 | 27.83 | 556.49 | 458.26 | 21.44 | 897.59 | 1,000.74 | -10.31 | | Depreciation | 201.43 | 141.88 | 41.97 | 384.97 | 277.6 | 38.68 | 597.96 | 485.89 | 23.06 | | PBT | 89.25 | 85.52 | 4.36 | 171.52 | 180.66 | -5.06 | 299.63 | 514.85 | -41.80 | | Share of Profit/(Loss) from Associates | -2.26 | 35.01 | PL | -4.89 | -5.81 | 15.83 | 15.91 | -26.12 | LP | | PBT before EO | 86.99 | 120.53 | -27.83 | 166.63 | 174.85 | -4.70 | 315.54 | 488.73 | -35.44 | | EO Income | 0 | 0 | - | 0 | 0 | - | 170.17 | 0 | - | | PBT after EO | 86.99 | 120.53 | -27.83 | 166.63 | 174.85 | -4.70 | 485.71 | 488.73 | -0.62 | | Taxation | 15.47 | 23.33 | -33.69 | 34.3 | 48.73 | -29.61 | 84.96 | 135.7 | -37.39 | | PAT | 71.52 | 97.2 | -26.42 | 132.33 | 126.12 | 4.92 | 400.75 | 353.03 | 13.52 | | Minority Interest (MI) | 2.48 | 0 | - | 4.71 | 0 | - | 0.73 | -0.17 | PL | | Net profit | 69.04 | 97.2 | -28.97 | 127.62 | 126.12 | 1.19 | 400.02 | 353.2 | 13.26 | | P/(L) from discontinued operations net of tax | -4.99 | 0 | - | -7.77 | 0 | - | -0.68 | 0 | - | | Net profit after discontinued operations | 64.05 | 97.2 | -34.10 | 119.85 | 126.12 | -4.97 | 399.34 | 353.2 | 13.06 | | EPS (Rs)* | 1.05 | 1.47 | -28.97 | 1.93 | 1.91 | 1.19 | 3.95 | 5.35 | -26.13 | | | * EPS is on current equity of Rs 131.97 crore, Face value of Rs 2, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
|