Domino’s India operator Jubilant FoodWorks on Wednesday released its fiscal fourth quarter earnings report with profit at Rs 49.33 crore, surpassing estimates. Profit dropped by 76.31 per cent in comparison to Rs 208.25 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 2103.18 crore, up 33.64 per cent as against Rs 1573.80 crore reported during the fourth quarter of previous financial year. The company EBITDA stood at Rs 305.4 crore. According to a CNBC TV18 poll, Jubilant FoodWorks was expected to report Q4 profit at Rs 32 crore. EBITDA for the quarter in review was estimated at Rs 277 crore.
For the full year, the company recorded system sales at Rs 9,322.20 crore. Jubilant FoodWorks recorded FY25 revenue at Rs 8,141.70 crore, posting a growth of 44.0 per cent on-year. EBITDA for the period came in at Rs 1,572.20 crore, up 37.4 per cent on year and EBITDA margin stood at 19.3 per cent.
Shyam S Bhartia, Chairman and Hari S Bhartia, Co-Chairman, Jubilant FoodWorks Limited, said, “Jubilant FoodWorks delivered record group system sales of $1.1 billion in FY’25, driven by the successful Domino’s India turnaround, the integration of DP Eurasia, and our focus on technology-enabled operational excellence.”
While the company added 56 stores during the fourth quarter, it added 325 net stores during FY25, expanding the store network to 3,316 outlets.
Dividend announcement
The company board has recommended a dividend of Rs 1.2 (i.e. 60 per cent) per equity share of face value of Rs 2 each for Financial Year 2024-25, subject to approval of shareholders in the ensuing Annual General Meeting (AGM).
Performance across key markets
India segment update: The India business recorded revenue of Rs 1587.20 crore, posting a growth of 19.1 per cent driven by 18.8 per cent growth in Domino’s India. Domino’s LFL came in at 12.1 per cent with Domino’s Delivery LFL at 21.9 per cent. EBITDA, meanwhile, was Rs 305.60 crore and EBITDA margin came in at 19.3 per cent. Profit after tax and before exceptional items was Rs 49.50 crore with 3.1 per cent margin. A total of 38 net stores were added across all brands in India, ending the period with 2,304 stores.
International Segment Update: In Turkey, Azerbaijan and Georgia, system sales came in at Rs 764.30 crore. The revenue for the period in review stood at Rs 480.20 crore with EBITDA margin of 18.4 per cent and PAT margin of 4.8 per cent. Domino’s Sri Lanka revenue was at Rs 23.00 crore, up by 71.7 per cent. Domino’s Bangladesh revenue was recorded at Rs 16.20 crore, higher by 28.2 per cent. A total of 18 net stores were added across all brands in the International markets, ending the period with 1,012 stores.
Sameer Khetarpal, CEO and MD of Jubilant FoodWorks Limited, said, “Trajectory of results over the last three quarters, indicate the strength of our strategy, tech-capabilities and strong execution in Domino’s. This growth is order-led, driven by highest-ever new customer acquisition rates, which makes the growth sustainable. We continue to make good progress on our path to build Popeyes and COFFY.”