Jubilant FoodWorks Ltd, which operates quickly-meals chains Domino's Pizza and Dunkin' Donuts, on Tuesday reported over three fold soar in its consolidated net earnings at Rs a hundred and five.30 crore for the fourth quarter ended March 2021.

The company had posted a internet profit of Rs 32.fifty three crore in the January-March quarter a year ago, Jubilant FoodWorks Ltd (JFL) mentioned in a regulatory submitting.

Its revenue from operations became at Rs 1,037.eighty five crore, up 14.21 per cent, right through the quarter under review, as towards Rs 908.seventy five crore within the corresponding quarter of fiscal yr 2019-20.

"This changed into driven by Domino's Like-for-Like (LFL) income boom (adjusted for brief restaurant closures) of 15.1 per cent and same keep growth (SSG) of 11.8 per cent. Domino's witnessed persisted momentum in beginning and Takeaway channels which grew via 28.7 per cent and 76.9 per cent respectively, it pointed out.

JFL's complete costs had been at Rs 912.70 crore, up four.31 per cent in q4/FY 2020-21 as in opposition t Rs 875 crore within the same length a 12 months ago.

throughout the quarter, JFL opened 50 new restaurants for Domino's Pizza including eight cities in its community and closed 4 outlets of Domino's Pizza. It turned into operating a complete of 1,360 restaurants across 293 cities as of March 31, 2021.

meanwhile, the company opened one restaurant for Dunkin' Donuts and closed four restaurants, bringing the number down to 24 from 27 initially of the period.

JFL additionally opened one restaurant every of its new QSR brands Hong's Kitchen and Ekdum!, taking the full count to 12 via the end of the quarter.

Commenting on the consequences, JFL Chairman Shyam S Bhartia and Co-Chairman Hari S Bhartia spoke of: "we're completely satisfied to have transitioned from restoration to boom part and concluded the fiscal yr on a favorable word despite pleasing challenges posed by way of the world pandemic.

right through the quarter, JFL bought the master franchise rights for American multinational chain of fried bird quickly meals eating places "Popeyes" for India and additionally invested in DP Eurasia, an unique grasp franchisee of Domino's Pizza in Turkey, Russia, Azerbaijan and Georgia.

For the fiscal yr, which ended on March 31, 2021, JFL's consolidated net income become down 17.three per cent to Rs 230.fifty two crore. It had a internet income of Rs 278.79 crore within the financial yr 2019-20.

Its salary from operations changed into at Rs 3,311.87 crore in FY 2020-21, down 15.7 per cent. It was Rs 3,927.27 crore in FY 2019-20.

JFL CEO and Wholetime Director Pratik Pota talked about: i am glad with our performance in Q4FY21 and FY21. We lower back to increase all the way through the quarter, opened a huge number of new stores, more suitable our working margins and accelerated our portfolio of brands.

in the meantime, in a separate fling, JFL informed its board in their meeting held on Tuesday authorized recommendation of a remaining dividend of 60 per cent, which is Rs 6 per equity shares of the face cost of Rs 10 every for the monetary 12 months 2020-21.

The board has also authorised the re-appointment of Pratik R Pota as CEO & Wholetime Director of the enterprise for a length of three years with impact from April 1, 2022, until March 31, 2025 and Berjis Minoo Desai as an impartial Director. both are field to the approval of the shareholders of the enterprise, it added.

Shares of Jubilant FoodWorks Ltd on Tuesday settled at Rs 3,one hundred seventy five.forty on BSE, down 0.seventy three per cent from its old close.

(simplest the headline and film of this record may additionally have been remodeled by means of the business regular workforce; the rest of the content is auto-generated from a syndicated feed.)

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First posted: Tue, June 15 2021. 18:14 IST