Jubilant Foodworks Q3 net up 4% at Rs 35 cr

Its net sales rose by 21% to Rs 554 cr

Jubilant FoodWorks, that runs Domino's Pizza and Dunkin' Donuts in India, on Thursday reported a 4.22 per cent increase in standalone net profit to Rs 35.01 crore for the third quarter ended on December 31, 2014.

It had a standalone net profit of Rs 33.59 crore in the corresponding period of 2013-14, the company said in a filing to the Bombay Stock Exchange (BSE).

Its net sales rose by 21.41 per cent to Rs 554.26 crore in the October-December quarter as against Rs 456.51 crore in the year ago period.

"Our positive sales momentum reflects the success of several company wide initiatives that we considered to be in the best interest of the long-term growth of our company," said Jubilant FoodWorks chairman Shyam S Bhartia and co-chairman Hari S Bhartia.

"We concentrated our efforts on expanding restaurant network, amplifying infrastructure support and focusing on creating new and varied menu experience through our brands Domino's Pizza and Dunkin' Donuts," the company said.

It has a growing network of 844 restaurants of Domino's Pizza in 185 cities across India, which is the second largest market for Domino's Pizza worldwide, outside the U.S. It is also operating 50 restaurants of Dunkin' Donuts in 18 cities.

"While each brand is in a different stage in its growth cycle, we foresee immense potential for further penetration and are committed to driving growth," Jubilant FoodWorks CEO Ajay Kaul said.

Shares of Jubilant Foodworks closed at Rs 1,432.25, up 6.54 per cent from the previous close on the BSE.