Jubilant FoodWorks Q4 results: Profit falls 70%; board announces Re 1.2/share dividend

Jubilant FoodWorks Q4 results, dividend: Domino's Pizza's Indian franchisee Jubilant FoodWorks on Wednesday reported its financial results for the quarter ended March 2023. Its net profit came in at Rs 28.5 crore for the three-month period, as against a net profit of Rs 96 crore for the corresponding period a year ago, according to a regulatory filing. 

Its revenue grew eight per cent to Rs 1,269.8 crore for the March quarter compared with the year-ago period.

According to Zee Business research, the company's quarterly net profit was estimated at Rs 62 crore and revenue at Rs 1,248 crore.  

“We are accelerating efforts to execute and deliver on the plans we’ve put into action to revert to high top-line growth while significantly improving all aspects of our cost structure. This quarter saw encouraging progress on registering order-led growth while limiting the impact of inflation on our gross margins through a series of well-timed interventions," said Sameer Khetarpal, CEO and MD, Jubilant FoodWorks. 

"As we step into the new fiscal year (2023-24), we derive confidence from the strength of our brands, operational prowess, quality of innovation and commitment of our people to navigate the business well in the current environment," he added. 

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 record 250 new stores. 

Jubilant FoodWorks dividend

The company's board recommended a dividend of Re 1.2 per share — a 60 per cent dividend given the face value of Rs 2 per share.  

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