Q4FY24 Quarterly & FY24 Annual Result Announced for Jubilant Foodworks Ltd.
Restaurants company Jubilant Foodworks announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue was Rs 15,728 million; Gross Margin at 76.6%; EBITDA margin at 19.7% Highest ever quarterly network addition of 112 stores Domino’s India LFL trajectory turned around by Q4 Domino’s India registers record-high new customer acquisition growth with improvement in Delivery under 20 min Rapid expansion of Popeyes continues with entry in new cities – 42 stores now serving consumers in 15 cities FY24 Financial Highlights: Revenue was Rs 56,541 million; Gross Margin at 76.3%; EBITDA margin at 20.2% JFL Group Store Network is now nearing 3,000 stores with the opening of record 356 stores in FY’24 JFL Group’s store network for Domino’s is now 2,793 store strong across six countries JFL Group’s store network for Domino’s India expands to 1,995 stores across 421 cities Next-gen Domino’s India app powering App conversion to record high levels Shyam S. Bhartia, Chairman and Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited commented, “FY'24 was a year of significant shift as the acquisition of DP Eurasia elevates the profitable growth trajectory of the JFL Group. This acquisition further solidifies JFL's longstanding partnership with Domino's, the world's largest pizza company, to profitably grow high potential emerging markets. The Group also made noteworthy progress during the year in supporting and nurturing new growth vectors, solidifying its position as one of the leading emerging markets’ foodservice company.” Sameer Khetarpal, CEO and MD, Jubilant FoodWorks Limited commented, “The March quarter performance was remarkable as Domino's India's like-for-like trajectory turned around in Q4. This was achieved through several pre-planned strategic interventions, including strengthened regional infrastructure, enhanced on-ground execution, a comprehensive revamp of the brand, and further refining the value proposition through targeted delivery fee waivers during a period of weak demand. Moreover, the year witnessed substantial progress across every strategic priority, with increased business reinvestments that weigh on near-term margins but will be a pivotal catalyst to drive our future growth across all brands and markets.” Result PDF22-05-2024