Business Standard

Inflation bites off Jubilant Food's Q1 profit; analysts serve earnings cut

What's also worrying the Street is the likelihood of a dismal Q2FY24 performance, which they feel will be marred by soaring milk, cheese and vegetable prices, and an embargo on Ukraine's wheat exports

Inflation bites off Jubilant Food's Q1 profit; analysts serve earnings cut
Web Exclusive Premium

Nikita Vashisht New Delhi

Listen to This Article

The markets have given a thumbs down to Jubilant FoodWorks for the April-June quarter (Q1) of 2023-24 (FY24).

The company, which owns and operates Domino’s Pizza and Popeyes chain of stores, reported a (standalone) net profit of Rs. 75.2 crore in Q1 of FY24. This is a drop of 25.5 per cent year-on-year (YoY) from Rs. 101 crore. However, it grew quarter-on-quarter (QoQ) from Rs. 47.5 crore.

What’s worrying the Street is the likelihood of a dismal Q2FY24 performance, which it feels will be marred by soaring milk, cheese and vegetable prices. It would also be due to an embargo

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 26 2023 | 1:10 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com