For
quarter ended sept 2022, consolidated net sales (including other operating income) of Jubilant Foodworks has increased 16.60% to Rs 1301.49 crore compared to quarter ended sept 2021. Operating profit margin has declined from 25.77% to 23.96%, leading to 8.44% rise in operating profit to Rs 311.86 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 20.59% to 22.47%. Purchase of finished goods cost rose from 1.38% to 1.51%. Employee cost increased from 17.47% to 17.62%. Other expenses fell from 34.86% to 34.49%. Other income rose 10.37% to Rs 10.43 crore. PBIDT rose 8.50% to Rs 322.29 crore. Provision for interest rose 17.60% to Rs 49.65 crore. Loan funds rose to Rs 2,325.60 crore as of 30 September 2022 from Rs 1,720.03 crore as of 30 September 2021. Inventories rose to Rs 185.36 crore as of 30 September 2022 from Rs 136.96 crore as of 30 September 2021. Sundry debtors were higher at Rs 24.02 crore as of 30 September 2022 compared to Rs 18.99 crore as of 30 September 2021. Cash and bank balance declined from Rs 429.19 crore as of 30 September 2021 to Rs 417.52 crore as of 30 September 2022. Investments rose to Rs 928.69 crore as of 30 September 2022 from Rs 813.89 crore as of 30 September 2021 .
PBDT rose 6.99% to Rs 272.64 crore. Provision for depreciation rose 23.72% to Rs 114.64 crore. Fixed assets increased to Rs 3,105.18 crore as of 30 September 2022 from Rs 2,297.40 crore as of 30 September 2021. Intangible assets increased from Rs 47.43 crore to Rs 101.46 crore.
Profit before tax down 2.57% to Rs 158.00 crore. Provision for tax was expense of Rs 42.97 crore, compared to Rs 40.87 crore. Effective tax rate was 24.62% compared to 25.43%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 9.39% to Rs 131.53 crore. Equity capital stood at Rs 131.97 crore as of 30 September 2022 to Rs 131.97 crore as of 30 September 2021. Per share face Value remained same at Rs 2.00.
Promoters’ stake was 41.94% as of 30 September 2022 ,compared to 41.94% as of 30 September 2021 . Promoters pledged stake was 1.67% as of 30 September 2022 ,compared to 1.49% as of 30 September 2021 .
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Jubilant Foodworks has increased 27.23% to Rs 2556.59 crore. Operating profit margin has declined from 24.88% to 24.09%, leading to 23.22% rise in operating profit to Rs 615.99 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 20.94% to 22.17%. Purchase of finished goods cost rose from 1.40% to 1.58%. Employee cost decreased from 18.11% to 17.09%. Other expenses rose from 34.70% to 35.11%. Other income rose 19.69% to Rs 21.09 crore. PBIDT rose 23.10% to Rs 637.08 crore. Provision for interest rose 14.12% to Rs 96.52 crore. Loan funds rose to Rs 2,325.60 crore as of 30 September 2022 from Rs 1,720.03 crore as of 30 September 2021. Inventories rose to Rs 185.36 crore as of 30 September 2022 from Rs 136.96 crore as of 30 September 2021. Sundry debtors were higher at Rs 24.02 crore as of 30 September 2022 compared to Rs 18.99 crore as of 30 September 2021. Cash and bank balance declined from Rs 429.19 crore as of 30 September 2021 to Rs 417.52 crore as of 30 September 2022. Investments rose to Rs 928.69 crore as of 30 September 2022 from Rs 813.89 crore as of 30 September 2021 .
PBDT rose 24.86% to Rs 540.56 crore. Provision for depreciation rose 20.57% to Rs 221.75 crore. Fixed assets increased to Rs 3,105.18 crore as of 30 September 2022 from Rs 2,297.40 crore as of 30 September 2021. Intangible assets increased from Rs 47.43 crore to Rs 101.46 crore.
Profit before tax grew 28.03% to Rs 318.81 crore. Share of profit/loss was 39.50% lower at Rs 5.04 crore. Provision for tax was expense of Rs 79.74 crore, compared to Rs 61.62 crore. Effective tax rate was 24.62% compared to 24.60%.Minority interest increased 80.46% to Rs -0.17 crore. Net profit attributable to owners of the company increased 28.73% to Rs 244.28 crore.
Equity capital stood at Rs 131.97 crore as of 30 September 2022 to Rs 131.97 crore as of 30 September 2021. Per share face Value remained same at Rs 2.00.
Promoters’ stake was 41.94% as of 30 September 2022 ,compared to 41.94% as of 30 September 2021 . Promoters pledged stake was 1.67% as of 30 September 2022 ,compared to 1.49% as of 30 September 2021 .
Cash flow from operating activities increased to Rs 550.94 crore for YTD ended September 2022 from Rs 398.97 crore for YTD ended September 2021. Cash flow used in acquiring fixed assets during the YTD ended September 2022 stood at Rs 393.09 crore, compared to Rs 180.23 crore during the YTD ended September 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.
Other Highlights
In Q2 FY23, Company continued with its strong store opening momentum and
opened 76 new Domino’s stores taking the network strength for Domino’s in India
to 1,701 stores. The Company entered 22 new cities during the quarter to expand
its reach to 371 cities across India.
During the quarter, in Sri Lanka, the Company registered system sales
growth of 37% on YOY basis and opened 4 new stores.
In Bangladesh, system sales grew by 42% on YoY basis. With the opening
of 1 new outlet.
In Q2 FY23, OLO (Online Order) contribution to delivery sales stood at
97.7%.
In Q2 FY23, Domino’s LFL (Like-for-like) sales Growth was 8.4%.