For
quarter ended Dec 2022, consolidated Net sales (including other operating income) of Jubilant Foodworks has increased 10% to Rs 1331.81 crore compared to quarter ended Dec 2021. Operating profit margin has declined from 26.35% to 21.51%, leading to 10.23% decline in operating profit to Rs 286.44 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 21.25% to 23.40%. Purchase of finished goods cost rose from 1.40% to 1.58%. Employee cost increased from 16.46% to 18.43%. Other expenses rose from 34.63% to 35.18%. Other income fell 13.78% to Rs 9.57 crore. PBIDT fell 10.35% to Rs 296.01 crore. Provision for interest rose 14.06% to Rs 51.84 crore.
PBDT fell 14.25% to Rs 244.17 crore. Provision for depreciation rose 28.60% to Rs 132.59 crore.
Profit before tax down 38.57% to Rs 111.58 crore. Share of profit/loss was 95.12% higher at Rs -0.12 crore. Provision for tax was expense of Rs 31.1 crore, compared to Rs 45.88 crore. Effective tax rate was 27.90% compared to 25.62%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company decreased 39.98% to Rs 80.36 crore. Promoters’ stake was 41.94% as of 31 December 2022 ,compared to 41.94% as of 31 December 2021 . Promoters pledged stake was 1.66% as of 31 December 2022 ,compared to 1.31% as of 31 December 2021 .
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Jubilant Foodworks has increased 20.75% to Rs 3888.4 crore. Operating profit margin has declined from 25.43% to 23.21%, leading to 10.19% rise in operating profit to Rs 902.44 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 21.06% to 22.59%. Purchase of finished goods cost rose from 1.40% to 1.58%. Employee cost increased from 17.49% to 17.55%. Other expenses rose from 34.67% to 35.13%. Other income rose 6.75% to Rs 30.66 crore. PBIDT rose 10.07% to Rs 933.1 crore. Provision for interest rose 14.10% to Rs 148.36 crore.
PBDT rose 9.35% to Rs 784.74 crore. Provision for depreciation rose 23.45% to Rs 354.34 crore.
Profit before tax down 0.06% to Rs 430.40 crore. Share of profit/loss was 16.18% lower at Rs 4.92 crore. Provision for tax was expense of Rs 110.84 crore, compared to Rs 107.5 crore. Effective tax rate was 25.46% compared to 25.02%.Minority interest increased 89.03% to Rs -0.17 crore. Net profit attributable to owners of the company increased 0.31% to Rs 324.65 crore.
Promoters’ stake was 41.94% as of 31 December 2022 ,compared to 41.94% as of 31 December 2021 . Promoters pledged stake was 1.66% as of 31 December 2022 ,compared to 1.31% as of 31 December 2021 .
Full year results analysis.
Net sales (including other operating income) of Jubilant Foodworks has increased 32.74% to Rs 4396.12 crore. Operating profit margin has jumped from 23.29% to 25.22%, leading to 43.77% rise in operating profit to Rs 1,108.78 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 20.55% to 21.24%. Purchase of finished goods cost fell from 1.41% to 1.34%. Employee cost decreased from 22.54% to 17.46%. Other expenses rose from 32.22% to 34.75%. Other income fell 43.42% to Rs 41.35 crore. PBIDT rose 36.23% to Rs 1150.13 crore. Provision for interest rose 8.23% to Rs 176.09 crore. Loan funds rose to Rs 2,106.10 crore as of 31 March 2022 from Rs 1,619.98 crore as of 31 March 2021. Inventories rose to Rs 161.18 crore as of 31 March 2022 from Rs 133.13 crore as of 31 March 2021. Sundry debtors were higher at Rs 22.05 crore as of 31 March 2022 compared to Rs 16.80 crore as of 31 March 2021. Cash and bank balance rose to Rs 563.36 crore as of 31 March 2022 from Rs 539.18 crore as of 31 March 2021. Investments rose to Rs 926.78 crore as of 31 March 2022 from Rs 516.74 crore as of 31 March 2021 .
PBDT rose 42.91% to Rs 974.04 crore. Provision for depreciation rose 4.70% to Rs 393.05 crore. Fixed assets increased to Rs 2,719.56 crore as of 31 March 2022 from Rs 2,135.26 crore as of 31 March 2021. Intangible assets increased from Rs 38.80 crore to Rs 63.58 crore.
Profit before tax grew 89.75% to Rs 580.99 crore. Share of profit/loss were nil in both the periods. Provision for tax was expense of Rs 145.17 crore, compared to Rs 75.65 crore. Effective tax rate was 25.77% compared to 24.71%.
Minority interest decreased 101.75% to Rs -2.30 crore. Net profit attributable to owners of the company increased 81.46% to Rs 420.39 crore.
Equity capital stood at Rs 131.97 crore as of 31 March 2022 to Rs 131.97 crore as of 31 March 2021. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 41.94% as of 31 March 2022 ,compared to 41.94% as of 31 March 2021 . Promoters pledged stake was 1.67% as of 31 March 2022 ,compared to 2.17% as of 31 March 2021 .
Cash flow from operating activities increased to Rs 930.02 crore for year ended March 2022 from Rs 750.64 crore for year ended March 2021. Cash flow used in acquiring fixed assets during the year ended March 2022 stood at Rs 458.38 crore, compared to Rs 243.18 crore during the year ended March 2021.
Business Highlights
In Q3 FY23, Domino’s Like-for-Like
growth was 0.3% YoY. The Delivery channel registered 9.9% YoY growth led by
orders partially offset by decline in ticket. The Dine-in and Takeaway channels
combined registered 9.8% YoY growth driven by increase in ticket and orders.
During 9M FY23, Like-for-Like growth was