Jubilant FoodWorks Hit Record High After Reporting 10-Fold Jump in Q4 Profit

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Shares of Domino's pizza chain operator were up by 1.6 percent to a record high of Rs 2,668, after it reported a profit almost 10 times higher than the previous year.

Jubilant FoodWorks Hit Record High After Reporting 10-Fold Jump in Q4 Profit

Jubilant FoodWorks' standalone profit for the fourth quarter (Q4) of 2017-18 was Rs 68 crore, while it was Rs 6.7 crore in the same period of 2016-17.

Its YoY (year-on-year) revenue for the quarter was up by 27.3 percent at Rs 779.8 crore from Rs 612.7 crore. The company's standalone EBITDA (earnings before interest, tax, depreciation and amortisation) was at Rs 127.8 crore with YoY EBITDA margin up from 9.9% to 16.4%.

With an improved focus on new initiatives like driving orders through digital mediums, the sales of Domino's pizza outlets were driven to a six-year high of 26.5% same-store growth in a quarter.

In its release, the company said, "The strong performance in Q4 FY 18 was driven by the continued success of All New Domino's product upgrade rolled out in August and the traction of the Every Day Value pricing that provides customers attractive value for money. In addition, strong growth in online sales also contributed to overall growth, with online sales now contributing to 63% of delivery sales."

Meanwhile, Jubilant Foodworks board has approved the issue of bonus shares in 1:1 ratio. A dividend of Rs 5 per equity share of Rs 10 is also recommended.

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