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JUBILANT FOODWORKS LTD (JUBLFOOD4.BO)

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Domino's India operator posts 35% drop in quarterly profit on higher expenses

Weary of persistently high inflation in rent and food costs, budget-conscious Indian consumers have been gravitating towards bargain deals. While these measures have aided topline growth, profit margins have suffered. Same-store sales increased 12.5% year-on-year at its Domino's restaurants In India.

Reuters 2 months ago

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Domino's India franchisee posts Q4 profit rise on one-time gain, store expansion

BENGALURU (Reuters) -Jubilant FoodWorks reported a rise in fourth-quarter profit on Wednesday as the Domino's Pizza franchisee benefited from a one-time gain and more stores openings. It reported profit before tax of 2.25 billion rupees ($27 million) for the quarter ended March 31, which included a one-time gain of 1.70 billion rupees from revaluing its investment in DP Eurasia N.V. when it acquired more shares. Last year, it had reported a profit of 534 million rupees.

Reuters 10 months ago

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