Revenue from operations rose 2.92% year on year (YoY) to Rs 1,355.06 crore in the quarter ended 31 December 2023. The growth was driven by Domino’s Delivery channel sales which increased by 6.2%.

The average daily sales per store (ADS) of mature stores, came in at Rs 80,111. While the Delivery Like-for-Like (LFL) was positive, LFL came in at negative 2.9% impacted by Dine-in.

Profit before tax slipped 31.44% to Rs 81.88 crore in Q3 FY24 from Rs 119.42 crore reported in the same period last year.

EBITDA in Q2 FY24 stood at Rs 282.7 crore, down 2.5% from Rs 290 crore posted in Q3 FY23. EBITDA margin reduced to 20.9% in Q3 FY24 as compared to 22% posted in the same period a year ago. Meanwhile, PAT margin slipped to 4.5% in Q3 FY24 as against 6.7% posted in Q3 FY23.

During the quarter, the company opened 58 new stores in India, resulting in a network of 2,007 stores across all brands. With the addition of 40 new stores and entry in 10 new cities, Domino's India expanded its network strength to 1,928 stores across 407 cities. The company opened 10 new restaurant for Popeyes and entered four new cities – Mysore, Mangalore, Cuddalore and Mohali, taking the network tally to 32 restaurants across 10 cities.

In Hong’s Kitchen, four new stores and entry in one new city enhanced the network to 22 stores across four cities. In Dunkin’, four new stores were opened with entry in Lucknow, thereby serving Dunkin through 25 store across eights cities.

The company said that the consumer engagement remained healthy with quarterly app downloads at 9.1 million and MAU (App) came in at 10.5 million.

Shyam S. Bhartia, chairman and Hari S. Bhartia, co-chairman of Jubilant FoodWorks said, “Sustained delivery growth, highest ticket in nine quarters without a price increase since last six quarters, adept cost optimization making way for investments behind category development, and the accelerated expansion of Popeyes as an additional growth driver were the distinctive highlights from our quarter.

The commissioning of Jubilant Food Park Bangalore significantly elevates our operational capabilities, in-house integration with ONDC demonstrates our digital prowess and acquisition of majority stake in DP Eurasia unlocks a renewed, profitable growth trajectory.”

Sameer Khetarpal, CEO and MD of Jubilant FoodWorks commented, “A series of proactive, strategic decisions being taken on a continual basis is helping us navigate the muted demand environment well. The successful creation of a dedicated spending pool via Project Vijay for pizza category development, sharpening our on-ground executional capabilities, accelerated expansion of Popeyes network, and the continual reinforcement of our competitive strengths in delivery, technology, and supply chain are all key elements that will reignite the growth engine for our India business.”

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 1,928 Domino's stores across 407 cities.

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