JFL Operating Revenues grows by 27.3 pc
JFL Operating Revenues grows by 27.3 pc
Business

JFL Operating Revenues grows by 27.3 pc

Pennews

Jubilant FoodWorks Limited (JFL), a part of Jubilant Bhartia group and one of India’s largest food service Company with a network of 1,134 Domino’s Pizza restaurants across 266 cities, on Tuesday said that the Operating Revenues for Q4 FY18 at Rs 779.8 crores, representing a growth of 27.3 per cent over Q4 FY17.

This was driven by a strong 26.5 per cent Same Store growth (SSG) in Domino’s Pizza. According to the result announced by the company, overall profitability also improved with Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) for Q4 FY18 coming in at Rs 127.80 crores at 16.4 per cent of revenue and a growth of 111.1 per cent over Q4 FY17.

Profit after Tax in Q4 stood at Rs 68.1 crores at 8.7 per cent of revenue, more than a ten-fold increase over Q4 FY17. For the full year FY 2017-18, Operating Revenues stood at Rs 2,980.4 crore, up by 17.1 per cent over last year, driven by a full year Same Store Growth of 13.9 per cent in Domino’s Pizza.

Commenting on the performance for Q4 FY18, Shyam S Bhartia, Chairman and Hari S Bhartia, Co-Chairman, Jubilant FoodWorks Limited said, “FY18 has been a year of transformation for JFL. At the start of the year, we identified and articulated a new strategy for growth, and we are pleased to see that this translated into strong growth through the year, including in Q4. In addition, our sharp focus and control on costs as also our progress in reducing Dunkin’ Donuts losses led to a healthy increase in profitability.” UNI

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