Jubilant FoodWorks on Wednesday reported a 57.96 per cent decline in consolidated net profit at Rs 32.53 crore for the fourth quarter ended March 2020, due to the coronavirus pandemic and subsequent lockdown.
The company, which operates fast food chains Domino's Pizza and Dunkin' Donuts, had posted a net profit of Rs 77.38 crore in January-March quarter a year ago, Jubilant FoodWorks Ltd (JFL) said in a BSE filing.
Revenue from operations rose 4.11 per cent to Rs 908.75 crore during the quarter under review as against Rs 872.82 crore in the corresponding quarter last fiscal.
There was a "sharp drop in revenue" in March due to COVID-19 pandemic and the "consequent national lockdown, which impacted the overall quarter's performance adversely", the company said.
Jubilant FoodWorks CEO Pratik Pota said, "Our strong run in Q4 was interrupted by the onset of coronavirus and the consequent lockdown."
"Our strong balance sheet and the strength of our business model will ensure that we contain the adverse effects of the virus and come out stronger."
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