Jubilant FoodWorks Q4 net profit up 26% at Rs 31.53cr

Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains in India, today reported a 26.37% jump in standalone net profit at Rs 31.53 crore for the quarter ended March 31, 2015.

The company had posted a net profit of Rs 24.95 crore in the same period previous fiscal.

Net sales rose by about 25% to Rs 542 crore during the fourth quarter of the 2014-15 fiscal, as against Rs 433.65 crore in the year-ago period, the company said in a filing to the BSE.

For the year ended March 31, 2015 the company posted a six% fall in consolidated net profit at Rs 111.08 crore as against Rs 118.24 crore in previous fiscal.

Net sales jumped by about 21% to Rs 2,092.38 crore from Rs 1,736 crore in the period under review.

The board has recommended a dividend of Rs 2.5 per equity share of Rs 10 each for the 2014-15 fiscal subject to approval of shareholders.

Commenting on the performance of the company, Jubilant FoodWorks Chairman Shyam S Bhartia and Co-Chairman Hari S Bhartia said: "In FY 2015, we took successful strides to make our brands Domino's Pizza and Dunkin' Donuts more capable, efficient and highly relevant to our customers.

"As we focus on enhancing operations, tightening efficiencies and on creating more synergies, our path for sustainable and profitable growth is getting cemented."

In fourth quarter of FY 2015, the company built on the trend of expanding presence and being more accessible to customers, they said adding that the company embraced the omni channel philosophy with the motive of giving customer a positive experience through dine-in or takeaways from the restaurants, online ordering or home delivery.

"Thus we saw continued momentum in expansion of our brands to new and existing geographies driven by our compelling product offering and an exciting culinary experience," they added.

In the fourth quarter, the company said it opened 38 new restaurants of Domino's Pizza out of a total of 150 new restaurants opened in FY'15. The chain has 887 restaurants in 199 cities.

Dunkin' Donuts added eight new restaurants opened in Q4 out of a total of 28 new restaurants opened in FY'15. Total restaurants as on March 31, 2015 stood at 54 as compared to 26 in the year-ago period.

Shares of Jubilant Foodworks closed at Rs 1,569.60 per scrip, up by 1.20% from the previous close on the BSE.