Jubilant FoodWorks records good growth in Q1 FY17-18

Jubilant FoodWorks Limited (JFL), one of India’s largest food service company, reported strong financial results for the first quarter ended 30 June, 2017. Operating revenues for Q1 FY18 came in at Rs. 6,788 million, up 11.5% over Q1FY17. This was driven by a robust same store sales growth of 6.5% in Domino’s Pizza, the highest since Q1FY16. Jubilant FoodWorks Limited (JFL/Company) is part of Jubilant Bhartia group and is one of India’s largest food service Company, with a network of 1125 Domino’s Pizza restaurants across 264 cities (as of July 17, 2017). The Company also has exclusive rights for developing and operating Dunkin’ Donuts restaurants for India and has 55 Dunkin’ Donuts restaurants across 15 cities in India (as of July 17, 2017).

Commenting on the performance for Q1 FY18, Shyam S. Bhartia, Chairman and Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited said, “We are happy to report a strong, all-round Q1 FY18 performance. We took a number of actions in the quarter towards driving innovation, delivering value and controlling costs, and we are pleased to see that our disciplined focus on driving profitable growth has begun having the desired impact. The performance strengthens our confidence in the underlying growth potential of our brands and the ability of our business model to unleash it.”

Pratik Pota, CEO and Whole time Director, Jubilant FoodWorks Limited said, “At the beginning of the quarter, we had unveiled our new strategy for driving profitable growth. Today I am pleased to share encouraging progress in the execution of the strategy as reflected in our strong Q1FY18 performance. Our focus on delivering better Value for money and driving innovation has helped bring back strong growth in Domino’s Pizza. We have also made significant progress towards reducing losses and building a sustainable business in Dunkin’ Donuts. Additionally, our discipline of controlling costs and driving efficiencies has helped improve overall operating margins. Going forward, we will continue to drive the strategic pillars of Product and Innovation, Value, Customer Experience, Technology and Cost Efficiencies.”