Jubilant FoodWorks Q1: Net profit slips 25.5% YoY to Rs 75.2 crore

Jubilant FoodWorks Q1 Results: Jubilant FoodWorks on Tuesday reported a 25.5 per cent year-on-year (YoY) decline in its standalone net profit at Rs 75.2 crore against Rs 101 crore logged in the year-ago period. Revenue from operations stood at Rs 1,309.7 crore, up 5.6 per cent YoY to Rs 1,240.3 crore. The company also stated that its consolidated net profit fell by 74 per cent to Rs. 28.91 crore in June 2023 quarter. 

According to a regulatory filing by Jubilant Foodworks, the business reported a consolidated net profit of Rs 112.58 crore for the April–June quarter of the previous fiscal year.

The total amount of the company's expenses for the quarter was Rs 1,248.74 crore. Jubilant Foodworks' stock was up 2.22 percent, trading at Rs. 477.05 on the BSE.

Commenting on the June quarter results, Sameer Khetarpal, CEO and MD, Jubilant FoodWorks, said, "Our strategy of customer first and technology forward has started to yield positive results. ADS for mature stores grew by 2.7% sequentially, the decline in ticket size was arrested, app-installs and loyalty enrolments reached a new peak, and we executed efficiently to expand EBITDA margin by 97 bps versus the previous quarter. I remain confident in our strategies and the organisation's ability to overcome the slower growth phase and emerge stronger out of it." 

Source: Earnings release

(With inputs from PTI)