Jubliant Foodworks Ltd that operates the Domino’s Pizza and Dunkin' Donuts brand in India, has reported a 27.9 per cent rise in its standalone net profit at Rs 37.71 crore for the quarter ended December 31, 2012, backed by healthy store additions. The company had posted a net profit of Rs 29.47 crore in the corresponding period in the last fiscal.
Total income during the third quarter also went up by 39.02 per cent to Rs 385.15 crore from Rs 277.04 crore in the year-ago period, it added.
Meanwhile, Jubilant Foodworks Ltd President and CFO Ravi Gupta said the company would be adding 110 stores of Domino’s Pizza and 10 of Dunkin’ Donuts in the quarter.
Gupta said the company has undertaken price hikes in June and November.
In a presentation the company said raw material costs were up 45 per cent at Rs 84 crore and the tax outgo was higher at Rs 17 crore against Rs 14 crore a year ago.
The company has also registered a same-store sales (SSS) growth of 16.1 per cent in the current quarter.
During the October-December period, the company opened 37 new stores of Domino’s Pizza, taking the total number of outlets to 552. It has also rolled out three new Dunkin’ Donuts outlets.
Speaking on its international foray, Gupta said the company has opened its store in Sri Lanka. “We plan to open six-seven stores for the full year.” The company said it is still looking for suitable options for its Bangladesh entry. “We are still looking for an opportune time and partner in the country,” he added.
On its commissaries, Gupta said its new commissary is coming up in Chandigarh.
JFL said it has earmarked a total capex of Rs 150 crore for 2012-13, of which around Rs 130 crore has already been put in.