Operating profit margin has jumped from 6.32% to 23.77%, leading to 764.33% rise in operating profit to Rs 212.28 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 20.41% to 21.38%.   Purchase of finished goods cost fell from 1.58% to 1.43%.   Employee cost decreased from 39.29% to 18.91%.   Other expenses rose from 32.39% to 34.49%.   

Other income fell 36.81% to Rs 8.17 crore.  Provision for interest fell 0.14% to Rs 42.36 crore.  

Provision for depreciation fell 1.64% to Rs 91.25 crore.  

Share of profit/loss were nil in both the periods.  Provision for tax was debit of Rs 20.75 crore, compared to credit of Rs 23.22 crore.  Effective tax rate was 23.10% compared to 23.77%.

Minority interest increased 22.41% to Rs -0.45 crore.  

Promoters' stake was 41.94% as of 30 June 2021 ,compared to 41.94% as of 30 June 2020 .  Promoters pledged stake was 2.17% as of 30 June 2021 ,compared to 2.71% as of 30 June 2020 .  

Full year results analysis.

Net sales (including other operating income) of Jubilant Foodworks has declined 15.67% to Rs 3311.87 crore.  

Operating profit margin has jumped from 22.30% to 23.29%, leading to 11.92% decline in operating profit to Rs 771.20 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 23.27% to 20.55%.   Purchase of finished goods cost fell from 1.79% to 1.41%.   Employee cost increased from 20.27% to 22.54%.   Other expenses fell from 32.37% to 32.22%.   

Other income rose 4.97% to Rs 73.08 crore.  Provision for interest fell 1.54% to Rs 162.7 crore.  Loan funds declined from Rs 1,670.06 crore as of 31 March 2020 to Rs 1,619.98 crore as of 31 March 2021.  Inventories rose to Rs 133.13 crore as of 31 March 2021 from Rs 94.72 crore as of 31 March 2020.  Sundry debtors were higher at Rs 16.80 crore as of 31 March 2021 compared to Rs 16.64 crore as of 31 March 2020.  Cash and bank balance declined from Rs 655.88 crore as of 31 March 2020 to Rs 539.18 crore as of 31 March 2021.  Investments rose to Rs 516.74 crore as of 31 March 2021 from Rs 51.18 crore as of 31 March 2020 .  

Provision for depreciation rose 6.56% to Rs 375.4 crore.  Fixed assets declined from Rs 2,191.31 crore as of 31 March 2020 to Rs 2,135.26 crore as of 31 March 2021.  Intangible assets increased from Rs 38.58 crore to Rs 38.80 crore.  

Profit before tax shrink 28.41% to Rs 306.18 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 75.65 crore, compared to Rs 123.99 crore.  Effective tax rate was 24.71% compared to 30.78%.

Minority interest increased 3.39% to Rs -1.14 crore.  Net profit attributable to owners of the company decreased 17.25% to Rs 231.67 crore.  

Equity capital stood at Rs 131.97 crore as of 31 March 2021 to Rs 131.97 crore as of 31 March 2020.  Per share face Value remained same at Rs 10.00.  

Promoters' stake was 41.94% as of 31 March 2021 ,compared to 41.94% as of 31 March 2020 .  Promoters pledged stake was 2.17% as of 31 March 2021 ,compared to 3.61% as of 31 March 2020 .  

Cash flow from operating activities increased to Rs 750.64 crore for year ended March 2021 from Rs 727.79 crore for year ended March 2020.  Cash flow used in acquiring fixed assets during the year ended March 2021 stood at Rs 243.18 crore, compared to Rs 289.40 crore during the year ended March 2020.  

Other Highlights

Company opened 29 new stores during Q1FY22, This includes 20 new domino's stores and 3 new stores each for Hong's Kitchen, Ekdum and Dunkin' Donuts.

In Q1FY22- Same store growth (SSG) for domino's stood at 114.2% compared to negative 61.4 % in Q1FY21.

In Q1FY22- Like-for-like (LFL) sales growth for domino's stood at 120.4% compared to negative 61.5 % in Q1FY21.

Domino's Delivery channel grew by 123.7% in Q1FY22.

App downloads during the quarter were 6.8 million. Total cumulative downloads stands at 64.1 million as of Q1FY22.

International Highlights

In Sri Lanka, company opened 2 new stores, and its sales growth in Q1FY22 was 55.4% compared to Q1FY21.

In Bangladesh, company opened 2 new stores, and its sales growth in Q1FY22 was 111.2% compared to Q1FY21.

Management Commentary: Mr. Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co-Chairman, said, "Q1 FY22 was one of the most challenging quarters with the sudden onslaught of the second wave of the pandemic. Given the severity of the situation, our most important priority during the quarter was to support our employees and their families. We are extremely proud of the manner in which the team came together to deliver a strong and resilient performance. With vaccinations well under way, we believe that the worst is behind us and we are confident of delivering strong, sustained growth in the periods ahead."

Mr. Pratik Pota, CEO and Wholetime Director, said, "Q1 FY22 was a true test of character and I am pleased with our gritty performance. Led by growth in our own digital assets and the Delivery channel, our overall revenues grew by a strong 131.1%. A disciplined control on costs led to healthy EBITDA margins. Our business model has emerged stronger from the pandemic and we are looking ahead with optimism, confident of delivering hyper growth and transforming into a food-tech powerhouse."