EBITDA declined 12.9% to Rs 252.2 crore in Q4 FY23 as compared with Rs 289.7 crore in corresponding quarter last year. EBITDA margin reduced to 20.1% in Q4 FY23 as against 25% in Q4 FY22.

Domino's Like- for- Like (LFL) sales stood at negative 0.6% in Q4 FY23 as against 5.8% in Q4 FY22. LFL sales Growth refers to the year-over-year growth in sales for non-split restaurants opened before previous financial year.

In Domino's, the Dine-in and Delivery channel registered 11.5% and 5.7% growth, respectively.

During the quarter, the company opened 61 new stores in India. With the addition of 56 new stores and entry in six new cities, Domino's has expanded its network strength to 1,816 stores across 393 cities. The company opened one new restaurant for Popeyes and Hong's Kitchen, taking their network tally to 13 stores each. In Dunkin', three new coffee-first stores were opened. 8 out of 21 Dunkin' stores are now as per the brand's new Coffee-first identity.

In Sri Lanka, the system sales growth was 14.1% and the company opened one new stores taking the network strength to 48 stores. In Bangladesh, system sales grew by 51.6% and the company accelerated the pace of network expansion and opened record four new stores in a quarter taking the network to 17 stores.

On full year basis, the company's net profit decline 18.58% to Rs 356.21 crore despite of 17.66% jump in revenue from operations to Rs 5,095.99 crore in FY23 over FY22.

Shyam S. Bhartia, chairman and Hari S. Bhartia, co-chairman, Jubilant FoodWorks, said, “We are pleased that we have become a Rs. 5,000 crore turnover company in this fiscal year. This achievement is a result of our never-ending efforts to elevate consumer experience through our portfolio of brands, not hesitating to make deep investments in commissaries and digital assets for continued future growth while maintaining very high financial discipline. There are near term concerns around historic high inflation and slowing market growth, but we are confident on our unique ecosystem's ability to tap on the potential that lies ahead of us and reorient the business to deliver sustained profitable growth.”

Sameer Khetarpal, chief executive officer (CEO) and (MD), Jubilant FoodWorks, said, “We are accelerating efforts to execute and deliver on the plans we've put into action to revert to high top-line growth while significantly improving all aspects of our cost structure. This quarter saw encouraging progress on registering order led growth while limiting the impact of inflation on our gross margins through a series of well-timed interventions. As we step into the new fiscal year, we derive confidence from the strength of our brands, operational prowess, quality of innovation and commitment of our people to navigate the business well in the current environment.”

Jubilant FoodWorks (JFL) is India's largest foodservice company and is part of the Jubilant Bhartia group. Incorporated in 1995, JFL holds the exclusive master franchise rights from Domino's Pizza Inc. to develop and operate the Domino's Pizza brand in India, Sri Lanka, Bangladesh, and Nepal. In India, JFL has a strong and extensive network of 1,816 Domino's restaurants across 393 cities.

The scrip rallied 2.41% to Rs 477.74 on the BSE.