Jubilant FoodWorks This autumn web revenue falls 70 laptop to Rs 28.54 crore

• Jubilant FoodWorks Ltd on Wednesday reported a 70 per cent decline in consolidated web revenue at Rs 28.54 crore within the March quarter.
• Consolidated income from operations within the fourth quarter was at Rs 1,269.85 crore as towards Rs 1,175.97 crore within the year-ago interval, it added.

New Delhi, Could 17 (PTI) Jubilant FoodWorks Ltd on Wednesday reported a 70 per cent decline in consolidated web revenue at Rs 28.54 crore within the March quarter, impacted by greater bills and uncooked supplies value. The corporate had posted a consolidated web revenue of Rs 96 crore within the year-ago interval, Jubilant FoodWorks stated in a regulatory submitting.

Consolidated income from operations within the fourth quarter was at Rs 1,269.85 crore as towards Rs 1,175.97 crore within the year-ago interval, it added.

Whole bills had been greater at Rs 1,205.15 crore as in contrast with Rs 1,038.27 crore within the corresponding interval a yr in the past, the corporate stated.

Price of uncooked supplies consumed within the quarter was at Rs 290.96 crore, up from Rs 254.96 crore in the identical interval of FY22.

The corporate, which holds the unique grasp franchise rights from Domino’s Pizza Inc for India, Sri Lanka, Bangladesh and Nepal, moreover unique rights to develop and function Dunkin‘ eating places in India and Popeyes eating places in India, Bangladesh, Nepal and Bhutan, stated it opened 61 new shops in India within the fourth quarter.

“With the addition of 56 new shops and entry in six new cities, Domino’s has expanded its community energy to 1,816 shops throughout 393 cities,” it added.

The corporate additionally opened one new restaurant for Popeyes and Hong’s Kitchen, taking their community tally to 13 shops every. For Dunkin’, it opened three new coffee-first shops, and eight out of 21 Dunkin’ shops at the moment are as per the model’s new “Espresso-first” identification, it added.

For the fiscal ended March 31, 2023, consolidated web revenue was at Rs 353.03 crore from Rs 418.09 crore within the earlier yr, down 15.56 per cent.

In FY23, consolidated income from operations was at Rs 5,158.25 crore as in comparison with Rs 4,396.12 crore in FY22.

Jubilant FoodWorks Ltd Chairman Shyam S Bhartia and Co-Chairman Hari S Bhartia stated, in FY23, the corporate has change into a Rs 5,000-crore turnover firm on the again of efforts to raise shopper expertise by means of its portfolio of manufacturers, making deep investments in commissaries and digital belongings for continued future progress whereas sustaining very excessive monetary self-discipline.

On the outlook, they stated, “There are close to time period considerations round historic excessive inflation and slowing market progress, however we’re assured in our distinctive ecosystem’s potential to faucet on the potential that lies forward of us and reorient the enterprise to ship sustained worthwhile progress.”

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