Jubilant Foodworks Q3 PAT jumps over six-fold

Jubilant Foodworks, the Indian master franchise of Domino's Pizza, today reported an over six-fold jump in profit after tax for the December quarter at Rs 11.37 crore, driven by new store openings and increase in same store sales.

The company had a profit after tax (PAT) of Rs 1.77 crore during the corresponding quarter of the last fiscal, it said in statement.

Jubilant Foodworks also reported 50.40 per cent rise in its total income for the quarter ended December 31, 2009, at Rs 117.36 crore, as against Rs 78.03 crore during the year-ago period.

"Our results for the quarter and year-to-date indicate continued strong earnings and cash flows and better performance across key operating matrices. The outlook going forward is even brighter and we expect our performance momentum to sustain in the future," the company's CEO Ajay Kaul said.

He attributed the growth to new store openings. The Q3 saw opening of 16 new outlets, taking the company's total to 296 by end of December.

Similarly, same store sales also witnessed a growth of 23.1 per cent during the three-month period, as against 7.9 per cent in the corresponding months of last fiscal.

Kaul said the company will focus on increasing market penetration, adopting new customer engagement, increasing repeat orders and improving store profitability.