Jubilant FoodWorks shares fall 4% despite Q2 revenue growth of 12% YoY
According to the Domino’s India-operator’s Q2 business update, standalone revenue from operations increased 11.6% YoY to Rs 18,858 million.
Like-for-like growth
Domino’s India recorded like-for-like (LFL) growth of 4.1% during the quarter. Meanwhile, Domino’s Eurasia reported LFL growth of -2.1% after accounting for the impact of Ind AS 29.
Store additions
Jubilant FoodWorks added a net of 108 stores to its group network during the quarter, taking the total store count to 3,820 at the end of the period. Of these, Domino’s India added 88 stores, bringing its total store count to 2,601, while Domino’s Eurasia added three stores, bringing its network to 798 stores.
The company operates across four brands and six markets, with its group network comprising both corporate and franchisee stores.
Jubilant FoodWorks Q2 update: Key notes
The company said the figures reflect the reclassification of the Dunkin’ brand’s business as discontinued operations in both the current and prior periods.
Jubilant FoodWorks also noted that the information provided in the business update is provisional and subject to limited review by the statutory auditors.The Q2 business update will be closely watched by investors for indications of demand trends, like-for-like sales growth and the pace of network expansion across its key markets.
On Wednesday, Jubilant FoodWorks shares closed 2.42% higher at Rs 460.60 on the NSE. The company has a market capitalisation of around Rs 30,392 crore, while its 52-week high stands at Rs 635.
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