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Jubilant FoodWorks Limited

Press Release – Financial Results for Q1 FY2019

Performance Snapshot – Q1 FY19

· Operating Revenue at Rs. 8,551 million, up by 26.0%

· Same Store Growth (SSG) for Domino’s at 25.9%

· EBITDA at Rs. 1,421 million, higher by 78.5%; EBITDA Margin at 16.6%, up by 490 bps

· Profit After Tax at Rs. 747 million, up by 213.2%; PAT Margin at 8.7%, up by 520 bps

·

Key Highlights – Q1 FY19

· National rollout of Every Day Value on Regular Pizzas

· Strong presence on T20 Cricket & sponsorship of Royal Challengers, Bangalore

· Domino’s Pizza – 13 Stores opened, 3 Stores closed, Total store count at 1144.

· Dunkin’ Donuts – 1 Stores opened, 1 Stores closed, Total store count at 37

Noida, July 25, 2018 – Jubilant FoodWorks Limited (JFL) today reported its financial results for the quarter ended 30th June, 2018.

Operating Revenues for Q1 FY19 stood strong at Rs.8, 551 million, representing a growth of 26.0% over Q1 FY18, and a sequential growth of 9.6% over the preceding quarter. The growth was on the back of a strong Same Store Growth (SSG) of 25.9% in Domino’s Pizza.

Overall profitability also improved, with EBITDA for Q1 FY19 coming in at Rs.1421 million at 16.6% of revenue, a growth of 78.5% over Q1 FY18. Profit after Tax in Q1 FY19 stood at Rs.747 million at 8.7% of revenue and a growth of 213.2% over Q1 FY18.

The strong performance in Q1 FY19 was on account of a good response to the Every Day Value offer on Regular Pizzas launched in March 2018, and which was supported aggressively during the IPL T20 cricket season. In addition to this, the continued success of the All New Domino’s product upgrade launched last year also drove a strong growth in core pizza orders.

In addition, Dunkin’ Donuts made sustained progress towards its goal of breaking even with a slew of innovations that drove sales growth and which was accompanied by disciplined cost management.

Commenting on the performance for Q1 FY19, Mr. Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited said, “We are pleased to start the year on a strong note with our robust performance in Q1 FY19. The strong growth in Domino’s came on the back of a superior product, Value for money delivery and growing digital contribution. This together with our focus on achieving break-even in Dunkin’ Donuts by the end of the financial year will continue to drive profitable growth for us.”

Commenting on the performance for Q1 FY19, Mr. Pratik Pota, CEO and Whole time Director, Jubilant FoodWorks Limited said, “We delivered a strong quarter in both Domino’s and Dunkin’ Donuts.

In Domino’s, the extension of EDV to Regular Pizzas received a very good response with an increase in both new customer acquisition as well as existing customer frequency. Dunkin’ Donuts too saw encouraging growth and made good progress towards profitability on the back of successful innovations and disciplined cost management.”

Store Matrix

Domino’s Pizza
Particulars Q1 FY19 Q1 FY18
SSG 25.9% 6.5%
Network data
Restaurant at the beginning of the period 1134 1,117
New Restaurants 13 13
Closed restaurants 3 5
Restaurants at the end of the period 1144 1,125
Number of New Cities added 2 1
1144 restaurants as of 30th June, 2018 across 268 cities
2 new cities added in Q1 FY19 (Ballari & Shoolagiri)
Online data
Particulars Q1 FY19 Q1 FY18
OLO to Delivery Sales % 65% 51%
Mobile Ordering sales to OLO % 83% 69%
App Download Count cum. (in mn) 10.9 7.5

* “Same store growth” (SSG) refers to the year-over-year growth in sales for restaurants opened before previous financial year

Dunkin’ Donuts
Network data
Particulars Q1 FY19 Q1 FY18
Restaurant at the beginning of the period 37 63
New Restaurants 1 1
Closed restaurants 1 9
Restaurants at the end of the period 37 55
Number of New Cities added 0 0
37 restaurants as of 30th June, 2018 across 10 cities

Note: 1. Figures have been rounded off for the purpose of reporting.

  1. All financial data in this presentation is derived from reviewed standalone IND-AS financial statements.
  2. The financials of Dunkin’ Donuts have been included in the results & related financial discussion.

-ENDS-

About Jubilant FoodWorks Ltd:

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 1,144 Domino’s Pizza restaurants across 268 cities (as of June 30, 2018). The Company & its subsidiary have the exclusive rights to develop and operate Domino’s Pizza brand in India, Sri Lanka, Bangladesh and Nepal. At present it operates in India and Sri Lanka. The Company also has exclusive rights for developing and operating Dunkin’ Donuts restaurants for India and has 37 Dunkin’ Donuts restaurants across 10 cities in India (as of June 30, 2018).

Corporate Identification No: L74899UP1995PLC043677

Investor e-mail id: investor@jublfood.com

Regd Office: Plot 1A, Sector 16A, Institutional Area, Noida-201301, U.P.

Corporate Office: 5th Floor, Tower D, Plot No. 5, Logix Techno Park, Sector 127, Noida 201304, U.P.

Website: www.jubilantfoodworks.com,www.dominos.co.in, www.dunkinindia.com

For further information please contact:

Prakash Bisht / Amit Gupta

Jubilant FoodWorks Limited
Tel: +91 120 4090 500

Fax: +91 120 4090 599

E-mail: prakash.bisht2@jublfood.com

amit.gupta1@jublfood.com

Siddharth Rangnekar / Nishid Solanki

CDR, India

Tel: +91 22 66451209 / 1221

Fax: +91 22 66451213

Email: siddharth@cdr-india.com

nishid@cdr-india.com

Disclaimer

Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Jubilant FoodWorks Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Note: All financial data in this presentation is derived from reviewed standalone IND-AS financial statements

The post Jubilant FoodWorks Limited Q1FY19 results appeared first on NewsPR.

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