Jubilant Foodworks declines on lower profit in Q2

Jubilant Foodworks that runs food chains, including Domino's Pizza and Dunkin' Donuts in India has declined around 1.6% on BSE at Rs 1,285.05 after reporting a 12.7% drop in its net profit

Jubilant Foodworks that runs food chains, including Domino's Pizza and Dunkin' Donuts in India has declined around 1.7% on  BSE at Rs 1,285.05 after reporting a 12.7% drop in its net profit at Rs 29 crore in the July-September quarter of 2015 fiscal compared to the Rs 33.24 crore net profit in the same quarter last fiscal.
 
Net sales grew by 14.7% at Rs 501.07 crore in the second quarter of 2015 fiscal compared to same quarter last fiscal when it was Rs 436.6 crore. The company's total expenses in Q2 stood at Rs 463.71 crore, an increase of 19.11% compared with Rs 389.3 crore in Q2, 2013-14.

 
Commenting on the result, Jubilant FoodWorks Ltd (JFL) CEO Ajay Kaul said: "Our immediate goals and actions have always been designed in unison with our long-term strategies and consistent with opportunities that we foresee."
 

Jubilant FoodWorks Limited (JFL/Company) is part of Jubilant Bhartia group and India’s largest food service company, with a network of 806 Domino’s Pizza restaurants across 170 cities (as of 30 October, 2014). The Company & its subsidiary have the exclusive rights to develop and operate Domino’s Pizza brand in India, Sri Lanka, Bangladesh and Nepal. At present it operates in India and Sri Lanka.

 
The shares opened at Rs 1,290 and have hit a low Rs 1,275 till 10:15 AM while 33,000 shares have changed hands on BSE and NSE combined.