Jubilant Foodworks Q4 Results: Domino's Pizza's underlying growth turns positive for the first time in four quarters

Domino's Pizza, part of the Jubilant FoodWorks portfolio, reported like-for-like (LFL) growth of 0.1% for the March quarter, moving back into positive territory after its first decline in four quarters. Domino's LFL fell 2.9% in the December quarter.

Jubilant Foodworks said in an investor presentation that despite weak demand, Domino's Pizza's LFL continues to improve with sharper field execution, a move from a four-region to a seven-region structure, and delivery within 20 minutes. and redelivery, supported by quarter-over-quarter improvement in redeliveries. -Imaging bottom decile stores.

Sameer Khetarpal, MD and CEO of Jubilant Foodworks, said Domino's Pizza's LFL turnaround in India will include a refreshed brand, refined value proposition and targeted delivery fee waivers during periods of weak demand. He said this was achieved through several pre-planned strategic interventions.

Jubilant Foodworks reported a net profit of Rs 2,072 crore in the March quarter. CNBC-TV18 44 million votes. This gain was supported by his exceptional gain of Rs 170.1 million on remeasurement of equity interest held earlier on the date of acquisition.

Earlier this year, Jubilant's wholly-owned subsidiary acquired a further stake in DP Eurasia NV for Rs 770 million and holds 94.33% stake in DPEU as on March 31.

Revenue for the quarter was Rs 1,572.8 crore, higher than the Rs 1,327 crore forecast by a CNBC-TV18 survey.

Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 24.7% year-on-year to 310.5 million rupees, exceeding the survey result of 245 million rupees.

EBITDA margin was 19.7%, slightly higher than 19.6% in the same period last year and also above expectations of 18.5%.

Jubilant Foodworks' share price ended virtually unchanged at 478.55 ₹ on Wednesday. The stock price has remained sluggish since the beginning of 2024, dropping nearly 15%. The stock price was flat for 12 months.

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