Jubilant FoodWorks Limited, one of the leading emerging markets’ food-tech Company, today announced its financial results for the nine month and quarter ended December 31, 2024.
Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited commented, “Q3 FY25 was a defining quarter for the Company. This success underscores the strength of our strategy and our team’s dedication. We remain focused on further strengthening Domino’s, enhancing the customer experience, and accelerating the path to profitability for our emerging brands. We are confident that our customer-centric approach and investments in technology and innovation will continue to drive sustainable, profitable growth.”
Sameer Khetarpal, CEO and MD of Jubilant FoodWorks Limited, commented, “This is a quarter of new highs. Not only in Revenue but also in same store sales growth, store expansion, app traffic, app conversion, customer loyalty, new customer acquisition and highest absolute EBITDA. We remain focused on building platforms and accelerating our prowess as a food-tech company.”
9M FY’25 Update
Revenue from Operations of Rs. 60,385 million increased 48.0%. The JFL Group network strength is now 3,260 stores with net addition of 269 stores in the last nine months. EBITDA came in at Rs. 11,837 million, higher by 42.1% and EBITDA margin was 19.6%, lower by 81 bps. Profit after tax before exceptional item came in at Rs. 1,830 million, lower by 4.6% with 3.0% margin, lower by 167 bps.
For DP Eurasia, Revenue came in at Rs. 14,262 million with EBITDA Margin of 23.0% and PAT margin of 7.2%.
Q3 FY’25 Update
Revenue from Operations of Rs. 21,508 million increased 56.1%. EBITDA came in at Rs. 4,020 million, higher by 43.5% and EBITDA margin was 18.7%, lower by 163 bps. Profit After Tax before exceptional item came in at Rs. 506 million, lower by 23.0% with 2.4% margin, lower by 241 bps.
a. India Segment Update
Revenue from Operations at Rs. 16,111 million registered a growth of 18.9% driven by 18.3% growth in Domino’s India. Domino’s LFL came in at 12.5% with Domino’s Delivery LFL at 24.7%. EBITDA was Rs. 3,128 million and EBITDA margin came in at 19.4%. Profit after tax and before exceptional items was Rs. 623 million with 3.9% margin. A total of 67 net stores were added across all brands in India, ending the period with 2,266 stores.
b. International Segment Update
In Turkey, Azerbaijan and Georgia, DP Eurasia system sales came in at Rs. 7,544 million. Revenue from Operations of Rs. 5,044 million, higher by 9.5% quarter-on-quarter, scaled a new peak. EBITDA margin came in at 18.3%. PAT margin came in at 2.4%. Sri Lanka delivered a record Q3 performance, with revenue up 65.4% year-over-year, driven entirely by same-store sales growth. Strategic initiatives, including store relocations, new product launches, and focused marketing campaigns, fuelled this impressive turnaround.
Revenue from Domino’s Bangladesh came in at Rs. 173 million, higher by 38.6%. A total of 63 net stores were added across all brands in the International markets, ending the period with 994 stores.
