Jubilant FoodWorks Limited (JFL), a leading food service company and Master Franchisee of Domino's International* reported its financial results for the quarter and nine-months ended December 31, 2009.
The Total Income for Q3 FY2010 was up by 50.4% to Rs. 1173.6 million. The Total Income for 9 Months FY2010 was up 45.2% to Rs.3001.1 million. The same store growth largely driven by deeper penetration and increase in number of orders. The company continued new store openings.
The EBIDTA for Q3 FY2010 was up 123.6% to Rs.197.2 million, 9 Months FY2010 was up 113.0% to Rs.471.4 million. The EBITDA margin in Q3FY2010 stood at 16.8% as compared to 11.3% in Q3FY2009. The Growth in EBIDTA driven by robust sales recorded during the quarter coupled with the sustainable cost efficiency measures adopted at every level of operation.
The PAT in Q3 FY2010 up 542.0% to Rs. 113.7 million, the PAT in 9 Months for FY2010 up 547.0% to Rs. 225.7 million. The PAT margin in Q3FY2010 stood at 9.7% as compared to 2.3% in Q3FY2009.
Commenting on the performance for Q3 FY2010, Mr. Ajay Kaul, CEO, Jubilant FoodWorks Limited said, "Over the last several years we have invested considerable time, effort and capital to build a very successful food-service model bringing change to the way the Indian consumer perceives certain food segments. We are today an established, national, profitable and growing business and we are delighted to have concluded a very successful IPO, and we warmly welcome our new shareholders to be a part of the future progress at JFL. Our model is now tried and tested and we are on a solid path of growth with critical size and operating components in place. We remain focused on service and delivery and the thrust going forward will be on a higher penetration, innovative customer engagement, increasing repeat orders and improving store profitability. Our results for the quarter and year-to-date indicate continued strong earnings and cash flows and better performance across key operating matrices. The outlook going forward is even brighter and we expect our performance momentum to sustain in the future."
* Domino's International refers to Domino's Pizza Overseas Franchising B.V., Netherlands
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Union Budget