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Domino’s Pizza & Dunkin’ Donuts maker’s net slips

Jubilant Foodworks Ltd that runs food chains, including Domino's Pizza and Dunkin' Donuts in India, on Thursday reported 12.75 per cent decline in standalone net profit at Rs 29 crore for the second quarter ended 30 September, hurt by higher expenses.

The company had posted net profit of Rs 33.24 crore in the same period last year, Jubilant Foodworks said in a BSE filing. Net sales during Q2, 2014-15 were at Rs 501.07 crore, up 14.76 per cent as against Rs 436.6 crore in the year-ago period.

Commenting on the result, Jubilant FoodWorks Ltd (JFL) CEO Ajay Kaul said: ‘Our immediate goals and actions have always been designed in unison with our long-term strategies and consistent with opportunities that we foresee. By this virtue, we sustained our momentum to develop and equip our brands with the requisite ammunition, we directed our capital spending towards leveraging our existing assets and growing our infrastructure.’

PTI

PTI

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