Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Jubilant FoodWorks Ltd announces Q4, FY19 results

Posted On: 2019-05-15 14:24:18

Jubilant FoodWorks Limited (JFL) today reported its financial results for the quarter and year ended 31st March, 2019.

Performance Snapshot - Q4 FY19

- Operating Revenues at Rs. 8,652 million, growth of 10.9%.
- Domino's Pizza Same Store Sales Growth (SSG) at 6.0%, on a base of 26.5% last year.
- EBITDA at Rs. 1,476 million, growth of 15.5%; EBITDA Margin at 17.1%, up by 70 bps.
- Profit After Tax at Rs. 739 million, growth of 8.6%; PAT Margin at 8.5%

Performance Snapshot - FY19

- Operating Revenues at Rs. 35,307 million, growth of 18.5%.
- Domino's Pizza Same Store Sales Growth (SSG) at 16.4%, a seven year high.
- EBITDA at Rs. 6,078 million, growth of 36.2%; EBITDA Margin at 17.2%, up by 220 bps.
- Profit After Tax at Rs. 3,228 million, growth of 56.4%; PAT Margin at 9.1%, up by 220 bps.

Operating Revenues for Q4 FY19 stood at Rs. 8,652 million, representing an increase of 10.9% over the same period last year. The revenue growth was driven by Same Store growth (SSG) of 6.0% and new stores opened during the year in Domino's Pizza.

EBITDA for Q4 FY19 was Rs. 1,476 million, or 17.1% of revenue, a growth of 15.5% over Q4 FY18 and a margin expansion of 70 bps.

Profit after Tax in Q4 FY19 stood at Rs. 739 million, or 8.5% of revenue, a growth of 8.6% over Q4 FY18.

For the full year FY 2018-19, Operating Revenues stood at Rs.35,307 million, up by 18.5% over last year, driven by robust Same Store Growth of 16.4% in Domino's Pizza.

Profitability increased strongly with FY19 EBITDA at Rs.6,078 million at 17.2% of revenue, a growth of 36.2% over FY18. FY19 Profit after Tax stood at Rs.3,228 million at 9.1% of revenue, a growth of 56.4% over FY18.

Highlights of the Quarter

The store opening momentum for Domino's Pizza in India remained strong with 30 new stores added during the quarter. During the quarter, Domino's Online sales grew faster and now contribute 75% of the total Delivery sales.

Jubilant FoodWorks ventured into Chinese Fast Casual segment with its first home-grown brand 'Hong's Kitchen'. Hong's Kitchen opened its first restaurant in Gurugram.

Domino's Pizza was officially launched in Bangladesh with grand opening of its first restaurant in Dhaka. The store got off to a strong start and broke the global Domino's record for the highest number of orders for its first week and the first month of operations.

The Company introduced 10 new Cricket-themed Pizzas, five each in veg. & non-veg. categories, as part of its 'World Pizza League' offering. These included African Peri Peri, Aussie Barbecue, Jamaican Jerk, Indi Tandoori & English Cheddar.

Dunkin' Donuts sustained its performance momentum after reporting break-even in Q3 FY19. It remains on track to achieve profitability driven by focus on the core portfolio of Donuts and Beverages.

Commenting on the performance for Q4 & FY19, Mr. Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, CoChairman, Jubilant FoodWorks Limited said, "We are pleased with our results in FY19, it was one of our strongest years in recent times both in terms of growth and profitability. During the year, we also expanded our footprint into Bangladesh and entered the Chinese food category with our brand, "Hong's Kitchen". We continue to remain optimistic about the long term growth prospects of the Food service category and are confident that JFL is best placed to drive this growth."Commenting on the performance for Q4 & FY19, Mr. Pratik Pota, CEO and Whole time Director, Jubilant FoodWorks Limited said,"Lapping our strongest quarter from last year, we delivered a robust revenue growth of 10.9% in Q4. We closed the year with revenue growth of 18.5% for FY19, driven by a 7-year high same-store sales growth (SSSG) of 16.4%. We are confident that Domino's will continue to drive strong growth in the year ahead.This quarter also marked our entry into the Chinese Fast Casual segment as also into the Bangladesh market with the launch of our first Domino's Pizza restaurant in Dhaka. I am delighted to share that both of these are off to strong starts and should be significant growth drivers for us in the future".

* Q4 & FY19 Profit After Tax is after exceptional item of Rs. 79.3 million towards provision for diminution in the value of investment in wholly owned subsidiary Jubilant FoodWorks Lanka (Private) Limited for loss incurred on closed stores.

Shares of Jubilant FoodWorks Ltd was last trading in BSE at Rs.1203.2 as compared to the previous close of Rs. 1238.45. The total number of shares traded during the day was 58264 in over 2028 trades.

The stock hit an intraday high of Rs. 1244.55 and intraday low of 1192. The net turnover during the day was Rs. 70816205.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Wipro collaborates with FEBRABAN to develop noomis™

Clarification on the moneycontrol.com article "Thomas Cook India under MCA scanner over 'suspicious' transaction"

ICRA credit rating for the Fixed Deposit Programme of Axis Bank Limited

L&T triumphs Project of the Year award at the 11th Project Management Institute (PMI) India Awards 2019

Zensar expands operations in Cape Town, South Africa

Bajaj Finance Limited board to consider Q1, H1 results on Oct 22, 2019

Indo National Ltd to provide Rs. 3.50 crore corporate guarantee to Kineco Ltd

Manappuram Finance Ltd to allot NCDs aggregating Rs. 465 crores

Newgen extends support to 2,800 children through Shikshaantra Plus program in Govt. Primary School in Harkesh Nagar, Okhla, New Delhi

Federal Bank partners with Pine Labs to enable debit card EMIs

ADOR Fontech Ltd allots 1,75,00,000 bonus equity shares

Infosys Finacle and R3 Conclude Global Trial of Blockchain Based Trade Finance

TCS BaNCS™ Launches Real-time Payments Solution in Multiple Markets to Fuel lnnovation and Enable New Business Models

Thomas Cook India reiterates that there is no impact due to Thomas Cook PLC collapse in the UK

KPR Group brings its organic innerwear collection to Hyderabad

BHEL commissions five units of Kaleshwaram Lift Irrigation Scheme Package 8 (7x139 MW) in Telangana

Prism Johnson Ltd board to consider Q2, H1 results on Nov 5, 2019

Canara Bank to sell its 30% stake in Commonwealth Trust India Ltd

Bajaj Holdings & Investment Ltd board to consider Q2, H1 results on Oct 23, 2019

Cella Space Ltd board to consider availing loan of Rs. 20.80 crore

Punjab & Sind Bank reports Borrowal Fraud of exposure in Era Infra Engineering Limited

Alembic Pharmaceuticals Limited announces completion of USFDA Inspection at Aleor Dermaceuticals Limited

G M Breweries Ltd board to approve Q2, H1 results on Oct 10, 2019

AP Cargo reinforces digital transformation with the implementation of Ramco Logistics Software

2019 the Year of Awards for Intellect GTB (iGTB) Clients: Exclusive Sponsor of the Eighth Annual Transaction Banking Awards Ceremony

Impact of corporate tax announcement on PNB Housing Finance

Indoco successfully completes UK-MHRA inspection at Goa Plant II

Cadila Healthcare Ltd's API facility at Ankleshwar gets EIR from USFDA

IOB raises Rs. 500 cr through Basel III Tier II bonds issue

Intellect Expands Senior Leadership with the Appointment of Vikram Sud as iGTB's Strategic Advisor

Varun Beverages Ltd sees minimal impact on GST increase for Caffeinated Drinks

L&T Construction commences execution of one of India's Largest Communication Network for T-Fibre

U.S. FDA completes inspection of Lupin's Tarapur facility

Petronet LNG inks MOU with Tellurian Inc.

Cipla Ltd receives EIR from USFDA for API facility at Virgonagar

Spirit of Wipro Run Brings Together Participants from 110 Cities Across 34 Nations

Cigniti Technologies Ltd bags 'Corporate Leader of the Year' award at I-ACE awards

Thyrocare Technologies Ltd updates on stake sale in Nueclear Healthcare Ltd

Thomas Cook India, a separate entity and Thomas Cook UK has no stake in India Company

Shri P Jayarama Bhat elected as the Chairman of the governing board of SIBSTC, Bengaluru

Bricwork revises credit rating of Edelweiss Financial Services' NCDs

Capital India Finance Ltd acquires stae in Rapipay Fintech Holding Pvt Ltd

Ravindra Energy Ltd bags contract

Bank of Maharashtra and Paisalo Digital Limited sign Co-Origination of Loan Agreement

Shilpa Medicare Ltd gets shareholders nod for final dividend

Fredun Pharmaceuticals Ltd receives award from Saraswat Co-Operative Bank Ltd

Jump Networks Ltd inks agreement to become the principal sponsor of The Forca Goa Foundation

Sundaram-Clayton Ltd board to approve quarterly results on Oct 18, 2019

Filatex India Ltd updates on expansion project

Karnataka Bank wins ET BUSINESS EXCELLENCE AWARD 2019







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019