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JFL registers operating revenues worth Rs 6,788 mn in Q1 of FY 2017-18
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Saturday, 22 July, 2017, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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Jubilant FoodWorks Limited (JFL), one of India’s largest food service companies, reported strong financial results for the first quarter (Q1) of financial year FY) 2017-18, ended 30 June, 2017. Operating revenues for Q1 of FY 2017-18 came in at Rs 6,788 million, up 11.5 per cent over Q1 of FY 2016-17. This was driven by a robust same store sales growth of 6.5 per cent in Domino’s Pizza, the highest since Q1 of FY 2015-16.
Overall profitability also saw significant improvement with earnings before interest, tax, depreciation and amortisation (EBITDA) for Q1 of FY 2017-18 increasing by 38 per cent to Rs 796 million. The EBITDA margin for Q1 of FY 2017-18, at 11.7 per cent, was the highest in the last eight quarters.
The profit after tax (PAT) in Q1 of FY 2017-18 stood at Rs 238 million, an increase of 26 per cent over the corresponding period last year. PAT also reflects the adverse impact of Rs 90 million on account of restaurants’ closure. PAT margins, at 3.5 per cent, were the highest since Q1 of FY 2016-17.
Commenting on the performance for Q1 of FY 2017-18, Shyam S Bhartia, chairman, and Hari S Bhartia, co-chairman, Jubilant FoodWorks Limited, said, “We are happy to report a strong, all-round Q1 of FY 2017-18 performance. We took a number of actions in the quarter towards driving innovation, delivering value and controlling costs, and we are pleased to see that our disciplined focus on driving profitable growth has begun having the desired impact. The performance strengthens our confidence in the underlying growth potential of our brands and the ability of our business model to unleash it.”
Commenting on the performance for Q1 of FY 2017-18, Pratik Pota, chief executive officer and whole-time director, Jubilant FoodWorks Limited, said, “At the beginning of the quarter, we had unveiled our new strategy for driving profitable growth. Today I am pleased to share encouraging progress in the execution of the strategy as reflected in our strong performance for Q1 for FY 2017-18.”
“Our focus on delivering better value for money and driving innovation has helped bring back strong growth in Domino’s Pizza. We have also made significant progress towards reducing losses and building a sustainable business in Dunkin’ Donuts. Additionally, our discipline of controlling costs and driving efficiencies has helped improve overall operating margins,” he added.
“Going forward, we will continue to drive the strategic pillars of product and innovation, value, customer experience, technology and cost efficiencies,” Pota said.
Highlights
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Domino’s
Pizza
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Particulars
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Q1
of
FY
2017-18
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Q1
of
FY
2016-17
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SSG
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6.5
per cent
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(3.2)
per cent
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Network
data
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Q1
of
FY
2017-18
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Q1
of
FY
2016-17
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Restaurant
at the beginning of the period
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1,117
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1,026
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New
restaurants
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13
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23
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Closed
restaurants
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5
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-
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Restaurants
at the end of the period
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1,125
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1,049
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Number
of New Cities added
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1
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8
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1125
restaurants
as of July
17,
2017 across 264 cities
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New
cities with first
restaurant
in Q1 of
FY
2017-18
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Online
data
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Particulars
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Q1
of
FY
2017-18
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Q1
of
FY
2016-17
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OLO
to Delivery Sales %
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51
per cent
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44
per cent
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Mobile
Ordering sales to OLO %
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69
per cent
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41
per cent
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App
Download Count (in mn)
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7.5
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4.4
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New
product
launches
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-
Roasted
Chicken Wings in Peri-Peri and
Classic
Hot Sauce
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Boneless
Chicken Wings In Peri-Peri and
Lemon Pepper sauce
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Chicken
Meatballs in Peri-Peri and
Sriracha
sauce
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* Same store growth (SSG) refers to the year-over-year growth in sales for restaurants in operation for two whole years (i e the current and the previous year)
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Dunkin’
Donuts
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Network
data
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Particulars
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Q1
of
FY
2017-18
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Q1
of
FY
2016-17
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Restaurants
at beginning of period
New
restaurants
Closed
restaurants
Restaurants
at end of period
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63
1
9
55
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71
7
1
77
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City
Count
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15
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23
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As
of July 17, 2017, there were 55
restaurants across 15 cities.
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New
product
launches
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Big
Joy Mayo Burger:
Flavourful
vegetable/chicken
patty between soft sesame buns with mayonnaise sauce on a bed of
shredded lettuce,
priced at Rs
69
or Rs 89
plus applicable taxes
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Shaken
Iced Coffee:
Freshly
brewed espresso made from 100
per cent Arabica
coffee beans, sweetened cream, milk and ice cubes,
priced at Rs
79
or Rs 109
plus applicable taxes
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