Jubilant FoodWorks Reports Impressive 56% Jump in Q3 Net Profit
In a recent development that has left industry experts and investors in awe, Jubilant FoodWorks, a leading player in the food services sector, has reported a consolidated net profit of ₹43.2 crore for the third quarter ending on December 31. This figure marks a staggering 56.1% surge in revenue from operations, reaching ₹2,150.8 crore. The star of the show? Domino’s, the beloved pizza giant.
Domino’s Dominance: A Story of Growth and Expansion
The heart of Jubilant FoodWorks’ success story lies in the phenomenal growth of Domino’s business in India. With a revenue growth of 18.3% year-on-year, fueled by a remarkable 33.8% increase in orders during Q3 FY25, Domino’s has solidified its position as a market leader. The cherry on top? Domino’s India achieved a like-for-like growth of 12.5%, driven by an impressive 24.7% surge in Delivery LFL growth.
During the December quarter alone, Jubilant FoodWorks expanded its footprint significantly, opening 60 new Domino’s stores and venturing into 19 new cities. As a result, Domino’s India network now boasts an impressive 2,139 outlets, a testament to the brand’s unwavering popularity and consumer trust.
A Quarter of Triumphs: Insights from the CEO
Sameer Khetarpal, the CEO and MD of Jubilant FoodWorks Ltd, expressed his excitement over the company’s recent achievements, stating, “This is a quarter of new highs. Not only in revenue but also in same store sales growth, store expansion, app traffic, app conversion, customer loyalty, new customer acquisition, and highest absolute EBITDA.” Khetarpal emphasized the company’s commitment to leveraging technology and enhancing its food-tech capabilities to surpass market expectations continuously.
Addressing the challenges posed by a “muted” demand scenario, Khetarpal highlighted the strategic interventions undertaken by the company to stay ahead of the curve. By targeting Gen Z consumers, focusing on cheese-based offerings, and prioritizing free delivery services, Jubilant FoodWorks aims to expand its market share and attract new customers. The company has also ramped up its marketing efforts, investing in fixed above-the-line advertising to stay competitive in the aggregator platforms space.
Looking Ahead: Growth Strategies and Expansion Plans
As Jubilant FoodWorks charts its course for the future, the management remains steadfast in its commitment to strengthening the Domino’s brand and driving profitability for its emerging brands. With an extensive network of 3,260 restaurants across six markets, including India, Turkey, Bangladesh, Sri Lanka, Azerbaijan, and Georgia, Jubilant FoodWorks is well-positioned to capitalize on its franchise rights for global brands like Domino’s, Popeyes, and Dunkin’.
Additionally, the company’s foray into the QSR segment with its own brands, such as Hong’s Kitchen in India and COFFY in Turkey, underscores its versatility and adaptability in catering to diverse consumer preferences. As Jubilant FoodWorks continues to innovate and expand its offerings, the future looks bright for this dynamic player in the food services industry.
In conclusion, Jubilant FoodWorks’ stellar performance in Q3 reflects its resilience, innovation, and strategic foresight in navigating a rapidly evolving market landscape. With a laser focus on customer satisfaction, technological advancements, and brand expansion, Jubilant FoodWorks is poised to set new benchmarks of success in the food services sector.
