Jubilant Foodworks Q4 Result: Faces A Steep 59% Fall In Net Profit

Jubilant Foodworks, a major participant in quick service restaurants, reported a dramatic fall in its consolidated net profit of 59.5 percent, from Rs. 116.1 crore in the same time last year to Rs. 47.5 crore this year, on May 17.

The business's operational revenue increased by 8.2% on a year-over-year basis to Rs 1,252.3 crore, while its operating profitability as measured by EBITDA fell by 12.9% to Rs 252.2 crore.

The margin for the provider of food services also decreased. Due to the high cost of cheese, flour, fats, and oil as inputs, the margin was 20,1%, down from 25,% the year before.

The company also recorded an impairment charge of Rs 20 crore due to Sri Lanka's challenging economic environment, which includes sustained inflation, currency depreciation, and the depletion of foreign exchange reserves. On the NSE, the stock was up 1.97 percent, trading at Rs 475.90.