Jubilant FoodWorks standalone revenue from operations advanced 18.9% YoY to Rs 1,611.1 crore in Q3.
The company added that Domino’s India Like-for-Like (‘LFL’) growth came in at 12.5%, while Domino’s Turkey LFL growth (Post-IAS-29) came in at 3.2%.
As of the quarter’s end, the JFL Group network reached 3,260 stores, with a net addition of 130 stores during the quarter.
Domino’s India opened 60 net new stores, ending the quarter with 2,139 stores, while Domino’s Turkey opened 25 net new stores, ending the quarter with 738 stores.
Jubilant FoodWorks ranks among the leading emerging markets’ food service companies. Its group network comprises 3,130 stores across six markets: India, Turkey, Bangladesh, Sri Lanka, Azerbaijan, and Georgia. The Group has a strong portfolio of brands in emerging markets with franchise rights for three global brands—Dollar's, Popeyes, and Dunkin'—and' two own brands—Hong’s Kitchen, an Indo-Chinese QSR brand in India, and a CAFÉ brand—COFFY in Turkey.
The company's net profit fell 26.4% to Rs 71.5 crore on a 42.8% increase in revenue to Rs 1,954.7 crore in Q2 September 2024 over Q2 September 2023.