Jubilant Foodworks Q1 results preview: Weak demand to impact earnings; PAT may decline 28% YoY

Jubilant Foodworks Q1 results preview: Jubilant Foodworks, the food services company that holds the master franchise for Domino's Pizza in India, Nepal, Sri Lanka, and Bangladesh, for Popeyes in India, Bangladesh, Nepal, and Bhutan, and also for Dunkin' Donuts in India, will release its June quarter numbers (Q1FY24) on July 25 (Tuesday).

The company, as per Zee Business Research, is expected to post weak numbers on the operational level. Weak demand is likely to impact earnings. Further, an increase in input costs may keep margins under pressure. Income is likely to grow on the back of store expansion.

Number-wise, Jubilant Foodworks is expected to post standalone revenue of Rs 1,307 crore, up 5 per cent year-on-year (YoY) while EBITDA, or earnings before interest, taxes, depreciation, and amortisation, is seen declining 12 per cent YoY to Rs 270 crore against Rs 305 crore logged in the year-ago period. EBITDA margins are seen at 21 per cent as compared to 25 per cent in the June 2022 quarter. PAT or profit after tax, is pegged at Rs 73 crore, down 28 per cent against Rs 101 crore seen in the corresponding quarter of the previous fiscal.

Jubilant Foodworks Q4

Its net profit came in at Rs 28.5 crore for the March 2023 quarter, as against a net profit of Rs 96 crore seen in the corresponding period a year ago, according to a regulatory filing. Its revenue increased by 8 per cent year-on-year to Rs 1,269.8 crore.

Jubilant FoodWorks's margin, a key measure of a business's profitability, shrank to 19.6 per cent from 24.6 per cent

The company said its annual revenue, for the full year ended March 2023, crossed the Rs 5,000 crore mark.

Jubilant FoodWorks opened 56 new Domino’s stores and entered six new cities in the March quarter. In the financial year gone by, the company opened a record 250 new stores. READ MORE