Jubilant FoodWorks Q3 net ₹43.2 crore, revenue surges 56%

Leading food services player, Jubilant Foodworks posted a consolidated net profit of ₹43.2 crore for the third quarter ended December 31, down 34.2 per cent over ₹65.71 crore in the year-ago period. Revenue from operations surged 56.1 per cent to ₹2,150.8 crore aided by a very strong growth witnessed by Domino’s business.

Domino’s business revenue growth in India was pegged at 18.3 per cent year -on-year supported by a strong 33.8 per cent order growth in Q3 FY25. Also, Domino’s India like-for-like growth of 12.5 per cent was driven by Delivery LFL growth of 24.7 per cent. The company opened 60 new Domino’s stores and entered 19 new cities during the December quarter. Domino’s India network is now at 2,139 outlets.

New highs

Sameer Khetarpal, CEO and MD of Jubilant FoodWorks Ltd said, “This is a quarter of new highs. Not only in revenue but also in same store sales growth, store expansion, app traffic, app conversion, customer loyalty, new customer acquisition and highest absolute EBITDA. We remain focused on building platforms and accelerating our prowess as a food-tech company. We believe single-minded focus on having technology and fast delivery capabilities are continuing to contribute to ahead of market performance.”

On the earnings call, he added that despite the overall demand scenario being “muted”, the company has taken certain interventions “to expand ahead of the market, to get market share and acquire new customers.” These interventions include engaging with Gen Zs and acquiring new customers by focusing on cheese-based food products besides focus on free delivery. “We have increased our marketing investments on fixed above-the-line advertising. We do not want to lose share on aggregator platforms and therefore we are matching the competitive discount that is happening on that platform,” Khetarapal added.

The company’s management added that it remains focused on further strengthening Domino’s, and accelerating the path to profitability for its emerging brands.

JFL Group has an overall network of 3,260 restaurants across six markets which includes India, Turkey, Bangladesh, Sri Lanka, Azerbaijan and Georgia. In emerging markets it has franchise rights for three global brands – Domino’s, Popeyes and Dunkin’. It also operates its own-brands, Hong’s Kitchen, an Indo-Chinese QSR brand in India, and a cafe brand ,COFFY, in Turkey.