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Jubilant Foodworks Ltd.

BSE: 533155 Sector: Agri and agri inputs
NSE: JUBLFOOD ISIN Code: INE797F01012
BSE LIVE 15:42 | 17 Aug 1398.90 1398.90
(%)
OPEN

1399.75

HIGH

1425.45

LOW

1385.75

NSE 15:55 | 17 Aug 1399.40 6.50
(0.47%)
OPEN

1408.00

HIGH

1424.50

LOW

1386.00

OPEN 1399.75
PREVIOUS CLOSE 0.00
VOLUME 71492
52-Week high 1444.00
52-Week low 761.00
P/E 109.55
Mkt Cap.(Rs cr) 9,230
Buy Price 0.00
Buy Qty 0.00
Sell Price 1398.90
Sell Qty 6.00
OPEN 1399.75
CLOSE 0.00
VOLUME 71492
52-Week high 1444.00
52-Week low 761.00
P/E 109.55
Mkt Cap.(Rs cr) 9,230
Buy Price 0.00
Buy Qty 0.00
Sell Price 1398.90
Sell Qty 6.00

Jubilant Foodworks Ltd. (JUBLFOOD) - Chairman Speech

Company chairman speech

Dear Shareholders

2015-16 was a landmark year for your Company having completed 20 fascinating yearssince we opened our first Domino's Pizza Restaurant in India. A spirit of celebration andaccomplishment also permeated our entire eco-system with the opening of our 1000thDomino's Pizza Restaurant in India. Today Domino's Pizza and Dunkin' Donuts are extremelypopular and loved brands capturing the hearts and minds of consumers making JubilantFoodWorks Limited a leader in the food service industry.

Operating in a dynamic environment with ever-changing circumstances means there is noeasy path to success. And neither is it ever the result of an individual effort. Thecredit for our exciting and eventful journey truly belongs to our stakeholders - thepillars on which our success story rests. Through engagement collaboration trust andcooperation with them we have gained insights into their expectations been inspired tocreate market-leading products and services attracted investments for growing thebusiness and had an opportunity to share our progress with them. This annual report is atribute to our valuable partnership and a prologue to many more years of our shared visionfor the future.

Financial Highlights

We continue to operate in a challenging and changing market environment however ourstrategic priorities of expansion innovation and leveraging technology have enabled us tostay ahead of the curve and deliver a respectable financial performance. We are delightedto share that the Board has recommended a dividend of ' 2.50/- (i.e. 25%) per equity sharefor FY 2016.

During the year our total income was ' 24102 Million and EBITDA was ' 2852 Million.Our PAT for FY 2016 was ' 1146 Million. We demonstrated progress in our Same RestaurantSales Growth which increased to 3.2% from 0.05% in FY 2015. We have rolled out 150 newDomino's Pizza Restaurants and 20 Dunkin' Donuts Restaurants during FY 2016.

Our resilience in the face of external headwinds has validated our strategic course. Wehave proved our ability to resonate with our consumers' expectations. As macro-indicatorsof the Indian economy become more favourable the delivery of a consistently greatconsumer experience backed by our strong business model will take us to future growthmilestones.

Dedicated to Guest Delight

Our overarching goal is to create a superior value proposition for our guests. Byexpanding our network offerings and improving our services we remain committed todelighting our guests. It is the absolute love and support we have received from ourguests that has enabled us to achieve the 1000th Restaurant milestone. Weremain truly obliged for their patronage.

Apart from entering new territories and strengthening presence in established marketswe expanded our business format to new channels as well. We launched 'Domino's On- the-Go'at selected transit points. Our ability to provide quality food with a quick turnaroundtime has highly appealed to our consumers and opens up exciting opportunities. Ourempanelment as IRCTC's catering partner for delivering meals on trains through ourDomino's Pizza brand is another important development - alongside driving growth a newway of delivering happiness and deepening the emotional connect. Our younger brand Dunkin'Donuts continues to expand steadily across the country and win the appreciation of itsguests.

Committed to Operational Excellence

At JFL we are always looking at building incremental value through operationalexcellence. Six Sigma tools and lean manufacturing are now well-entrenched across ourbusiness functions contributing to profitability. Our consistent efforts and success inimproving ranked us No. 1 in the World on the OER (Operations Evaluation Report) inCalendar Year 2015. Going forward we remain steadfast in our mission to achieve higherbenchmarks and reinforcing our competitive edge.

Innovation in Technology

In a world where technology is evolving at a brisk pace companies that can adopt thenext big thing first will stand to gain. Cognisant of this we continue to investsignificantly in technology. Our mobile apps and digital initiatives have got anenthusiastic response from our consumers. Today our online ordering is a significantdriver of sales and market share and visible across the business fabric - from ourprocurement network to our supply chain centres offices and Restaurants. This year westarted implementation of SAP ERP software solutions for our business and adding to ouragility we are optimistic that this world-leading technology will help us create newgrowth opportunities.

People - Foundation of Success

We as a Company led by an engaged and empowered team truly appreciate

the effort and passion of our people in promoting the highest work culture.

Our progressive work environment has been consistently ranked as being among the bestin the industry. We are pleased to share that this year too your Company was featuredamong the leading companies in the retail sector in the 'Great Place to Work' Survey.

On a Concluding Note

While there is a great sense of satisfaction for having come so far there is a greatersense of self-belief that a lot more can be achieved. We are investing in our people ourbrands and our assets as we strongly believe that these investments will meansubstantial rewards for the Company and stakeholders in the long run.

Finally we want to thank all the people that help to make JFL successful from ourBoard of Directors and investors to our consumers suppliers business partners andemployees and last but not the least our community. JFL could not have evolved and growninto the Company it is today without your support. As we embark on the next 20 years andbeyond with your continued trust we will take the Company to new heights.

With warm regards

Shyam S. Bhartia

Chairman & Director

Hari S. Bhartia

Co-Chairman & Director