Jubilant Foodworks announced Q1FY23 results:

• Revenue from Operations of Rs. 12,403 million increased 41.1% versus the prior year and a 7.1% sequential growth over the preceding quarter.
• EBITDA of Rs. 3,045 million increased 44.0% versus the prior year
• Profit After Tax of Rs. 1,010 million increased by 61.4%
• PAT margin at 8.1%, increased by 102 bps
• PAT(bei) margin at 10.3% after excluding non-cash impairment charge
• Opened 58 new Domino’s stores and entered 12 new cities

Commenting on the Q1FY23 performance, Mr. Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited said, “This quarter’s record results were driven by strong demand, a marked resurgence in dine-in consumption and disciplined cost management in the wake of a high inflationary environment. With the launch of our much-awaited loyalty program, we have addressed key whitespace in our brand offering. We believe this program will be a significant driver of growth and frequency for us while offering superior value to our customers.”

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