Jubilant FoodWorks Q3 Results: Profit Dips 35%, Misses Estimates
The Domino's operator posted a consolidated revenue of Rs 2,151 crore in the October-December quarter.
Jubilant FoodWorks Ltd. reported a decline in profit in the third quarter of fiscal 2025, widely missing street expectations.
Consolidated net profit of the Domino’s Pizza operator was down 35% to Rs 42.9 crore in the October-December period, compared to Rs 65.7 crore in the year ago period, according to an exchange filing on Wednesday. Analysts' estimates compiled by Bloomberg projected a bottomline of Rs 86 crore.
Revenue from operations jumped 56% to Rs 2,151 crore over Rs 1,378 crore in the third quarter of last year. The income was in line with the Rs 2,038-crore consensus estimate of analysts tracked by Bloomberg.
On the operating side, earnings before interest, tax, depreciation and amortisation rose 44% to Rs 402 crore, lower than the projected Rs 419 crore. Margin contracted from 20.3% to 18.7%. The Bloomberg estimate was 20.6%.
Jubilant FoodWorks Q3 FY25 Highlights (Consolidated, YoY)
Revenue up 56.1% to Rs 2,150.76 crore versus Rs 1,378.12 crore (Bloomberg estimate: Rs 2,038 crore).
Ebitda up 44% to Rs 402.04 crore versus Rs 280.11 crore (Bloomberg estimate: Rs 419 crore).
Margin at 18.7% versus 20.3% (Bloomberg estimate: 20.6%).
Net profit down 35% to Rs 42.91 crore versus Rs 65.71 crore (Bloomberg estimate: Rs 86 crore).
Domino's Performance
Domino's saw a revenue growth of 18.3%, led by order growth of 33.8%. It opened 60 new stores and entered 19 new cities, as per a press release by the company. The company also reported a 43% increase in loyalty program members, at 3.08 crore.
"We remain focused on further strengthening Domino's, enhancing the customer experience, and accelerating the path to profitability for our emerging brands. We are confident that our customer-centric approach and investments in technology and innovation will continue to drive sustainable, profitable growth," said Chairman Shyam S Bhartia and Co-Chairman Hari S Bhartia, in the release.
Jubilant FoodWorks Share Price
Shares of Jubilant FoodWorks closed 4.28% lower at Rs 661.30 apiece on the NSE, compared to a 0.12% decline in the benchmark Nifty 50. The company shares have risen 33.18% in the last 12 months.
Thirteen analysts tracking the company have a 'buy' rating on the stock, 10 have a 'hold', and eight suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 9.4%.
