Jubilant Foodworks Q4 net profit more than triples to Rs105.42cr on 47% growth in EBITDA


Jubilant Foodworks Ltd reported 14.21% yoy rise in consolidated net revenues for the Mar-21 quarter at Rs1,037.86cr. On a sequential basis, net sales revenues were down -2.94% compared to total revenues in the Dec-20 quarter at Rs1,069.28cr.


Full year revenues for FY21 were -15.7% lower at Rs3,312cr. During the quarter, Jubilant opened 53 new stores including 50 new Domino’s stores. Jubilant also announced 32.81% equity stake purchase in DP Eurasia, the master franchise for Turkey, Russia, Azerbaijan and Georgia.


Net profits in the Mar-21 were up 218.2% to Rs105.42cr on the back of a 47% growth in EBITDA to Rs249cr and the 542 bps expansion in EBITDA margins to 24.3% during the quarter. In the Mar-21 quarter, same store growth (SSG) came in at 1.8% compared to -3.4% in Mar-20 quarter.


Net margins at 10.16% in the Mar-21 quarter was better than 3.65% in the Mar-20 quarter but lower than 11.61% in the sequential Dec-20 quarter. For the financial year FY21, Jubilant paid dividends of Rs.6 per share.

Financial highlights for Mar-21 compared yoy and sequentially









Jubilant Foodworks Ltd

Rs in Crore

Mar-21

Mar-20

YOY

Dec-20

QOQ

Total Income (Rs cr)

₹ 1,037.86

₹ 908.75

14.21%

₹ 1,069.28

-2.94%

Net Profit (Rs cr)

₹ 105.42

₹ 33.13

218.20%

₹ 124.14

-15.08%

Diluted EPS (Rs)

₹ 7.90

₹ 2.51

₹ 9.41

Net Margins

10.16%

3.65%

11.61%

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( With inputs from indiainfoline)