Jubilant Foodworks reported a growth of 56.2 per cent on-year growth in consolidated revenue from operations at Rs 2153.20 crore for the quarter ended December 2024. The company also took the Group level store count to 3,260 at the quarter’s end.
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Domino’s India operator Jubilant Foodworks on Monday announced the company business update for the quarter ended December 2024 with a growth of 56.2 per cent on-year growth in consolidated revenue from operations at Rs 2153.20 crore. This also includes the acquisition of DP Eurasia, the exclusive master franchisee of the Domino’s Pizza brand in Turkey, Azerbaijan and Georgia.
On a standalone basis, the company recorded a revenue growth of 18.9 per cent on-year to Rs 1611.10 crore
For Domino’s India, Like-for-Like (LFL) growth during the quarter stood at 12.5 per cent while Domino’s Turkey LFL growth (Post-IAS-29) came in at -3.2 per cent.
The company also continued with its expansion strategy during the third quarter of FY25 with the Group network reaching 3,260 stores at the quarter’s end, with a net addition of 130 stores during the quarter. Domino’s India, meanwhile, contributed to this growth by opening approximately 60 new stores, bringing the total number of outlets worldwide to 2,139. Domino’s Turkey opened a total of 25 net new stores during the period, ending the quarter with 738 stores.
Shares of Jubilant Foodworks went up by 1.46 per cent on an intraday basis and was near its 52 week’s high.
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Earlier in November, Jubilant Foodworks Ltd had released its fiscal second quarter earnings with a profit drop of 31.6 per cent at Rs 66.53 crore in comparison to Rs 97.20 crore during the same period of previous year. It had posted revenue from operations at Rs 1954.72 crore, registering a growth of 42.8 per cent as against Rs 1368.63 crore recorded during the second quarter of FY24.
Later in December, its promoters, the Jubilant Bhartia Group announced that it has acquired a 40 per cent stake in Hindustan Coca-Cola Beverages (HCCB), the largest Coca-Cola bottler in India. Although the financial details of the transaction was not disclosed as of yet, but as per various reports the deal is estimated to be worth Rs 12,500 crore, valuing HCCB at Rs 31,250 crore.
