Jubilant Foodworks Sees Revenue Surge Amidst Global Expansion

Jubilant Foodworks Ltd reported a consolidated net profit of Rs 66.53 crore for Q2 2024, down from Rs 97.2 crore the previous year. Revenue grew to Rs 1,954.72 crore, driven by store expansions and global market presence. The company's financials reflected its acquisition of DP Eurasia N.V.

Jubilant Foodworks Ltd on Monday disclosed its second-quarter results for 2024, revealing a consolidated net profit of Rs 66.53 crore. This reflects a drop from the Rs 97.2 crore net profit reported during the same period last year.

The company, known for its fast-food franchises like Domino's Pizza and Dunkin', witnessed a significant rise in revenue from operations to Rs 1,954.72 crore, compared to Rs 1,368.63 crore in the previous fiscal period. This increase is attributed to an expansion of 139 stores across various brands and markets, bringing their network to 3,130 stores.

Despite the revenue growth, total expenses for the second quarter climbed to Rs 1,895.67 crore. Notably, the inclusion of financial results from the recent acquisition of a controlling stake in DP Eurasia N.V., through its subsidiary Jubilant Foodworks Netherlands B.V., influenced the comparability of financial performance with previous periods.

(With inputs from agencies.)