Latest news with #Domino'sIndia
Time of India
5 days ago
- Business
- Time of India
Domino's India operator beats quarterly profit view on strong delivery demand
Domino's India operator Jubilant Foodworks beat first-quarter profit estimates by a wide margin on Wednesday as lower-priced menu items and free deliveries bolstered demand even as other fast-food franchisees struggled. The company reported profit of 917.6 million rupees ($10.49 million) for the quarter ended June 30, compared to a year ago profit of 558 million rupees. Analysts on average were expecting a profit of 645.6 million rupees, according to data compiled by LSEG. Urban Indian consumers are cutting back on non-essentials amid high living costs, denting same-store sales at budget retailers like Trent and fast food chains including Pizza Hut operators Sapphire India and Devyani International. Jubilant is an outlier in this environment, having reported double digit like-for-like sales growth for atleast three quarters. In the reported quarter ended June, like for like sales at Domino's India restaurants grew 11.6%, led by 20.1% growth in delivery. Sapphire's same store sales at Pizza Hut India fell 8% in the same period, while Devyani's fell 4.2%. Jubilant has not raised prices on average in more than ten quarters, opting to cut costs to drive profitability. In addition to providing value combinations and expanding store count, it has also waived delivery fees on app orders, while sharpening its focus on 20-minute deliveries in dense metros. Rival Devyani, on Wednesday, said it is taking cues from Jubilant's success with its 20-minute delivery model, and strengthening its own food-delivery business. "Jubilant is doing a far, far better job versus what we are it is a delivery first brand," a Devyani executive said on a post-earnings call with analysts. Jubilant's efforts drove first quarter revenue higher by 17%to 22.61 billion rupees. However, its consolidated core profit margin contracted to 19.4% from 19.8%, due to a higher mix of delivery and investments to power sales growth.
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Business Standard
5 days ago
- Business
- Business Standard
Dominos operator Jubilant FoodWorks stock rises 5% post Q1; analysts weigh
Jubilant Foodworks, which operates primarily under the following brands: Domino's Pizza, Dunkin' Donuts, shares rose 4.8 per cent on BSE, logging an intra-day high at ₹670.65 per share. The buying on the counter came after the company released its first quarter (Q1FY26) results on Wednesday, post-market hours. However, at 10:40 AM, Jubilant FoodWorks share price pared gains and was trading flat at ₹640 per share. In comparison, BSE Sensex rose 0.2 per cent at 80,704.76. While most brokerages have given a 'Buy' rating, Macquarie has maintained an 'Underperform' on Jubilant Foodworks. Some brokerages have also revised their target on the stock, taking into account the company's financial performance in Q1. Jubilant Foodworks Q1 results recap Jubilant FoodWorks' net profit surged 64.4 per cent during the April-June quarter (Q1) of FY26 at ₹91.7 crore, as compared to ₹55.8 crore a year ago. The company's revenue grew xx per cent to ₹2,260.8 crore, as against ₹1,933 crore year-on-year (Y-o-Y). Its profit before interest, depreciation, and tax (PBIDT) went up 44.6 per cent to ₹459.7 crore. Sales of the company were up 17 per cent to ₹2,260.9 crore. According to an investor presentation, Domino's India revenue was up by 17.7 per cent year-on-year (Y-o-Y), driven by strong order growth of 17.3 per cent across all tiers and its like-for-like (LFL) rise of 11.6 per cent. This was on account of strong delivery LFL growth of 20.1 per cent. It also said that its mature stores' average daily sales came in at ₹85,396 for Domino's India stores. Jubilant Foodworks Q1 results analysis: Brokerages view Nuvama Institutional Equities | Buy | Target cut to ₹811 from ₹838 Jubilant FoodWorks maintained its momentum in Q1FY26 with 11.6 per cent like-for-like (LFL) growth, as both delivery and dine-in (ex-takeaways) performed well, the brokerage noted. However, it believes persistently high LFLs are straining service levels and may prompt more split stores going ahead. Nuvama has cut its FY26E/27E revenue by -2.7 per cent/-5.9 per cent and Earnings before interest, tax, depreciation and amortisation (Ebitda) by -8.6 per cent/-10.4 per cent, given slower growth in DP Eurasia and a relatively soft pickup in margins than guidance. Emkay Global Financial Services | Buy from Add | Target: ₹825 Analysts reckon that the recent correction was unwarranted in light of the Q1 revenue/Ebitda growth of 18 per cent/22 per cent in the India business and significant outperformance against peers. Most peers have seen Ebitda being flat or declining in Q1. ICICI Securities | Buy | Target cut to ₹770 from ₹800 'We like management's focus on aggressive customer acquisition (providing better value to consumers), disciplined execution, and consistent store expansion (to add 1000 stores over 3 years),' the brokerage said in its note. However, it cut its earnings estimates by 4 per cent for FY26-27E; modelling revenue/Ebitda/PAT compound annual growth rate (CAGR) of 16 per cent/18 per cent/48 per cent over FY25-27E as it sees raw material costs turning inflationary and a higher-than-expected increase in competitive intensity as key risks.
Time of India
5 days ago
- Business
- Time of India
Domino's India operator beats quarterly profit view on strong delivery demand
Domino's India operator Jubilant Foodworks beat first-quarter profit estimates by a wide margin on Wednesday as lower-priced menu items and free deliveries bolstered demand even as other fast-food franchisees struggled. The company reported profit of 917.6 million rupees ($10.49 million) for the quarter ended June 30, compared to a year ago profit of 558 million rupees. Analysts on average were expecting a profit of 645.6 million rupees, according to data compiled by LSEG. Urban Indian consumers are cutting back on non-essentials amid high living costs, denting same-store sales at budget retailers like Trent and fast food chains including Pizza Hut operators Sapphire India and Devyani International. Jubilant is an outlier in this environment, having reported double digit like-for-like sales growth for atleast three quarters. In the reported quarter ended June, like for like sales at Domino's India restaurants grew 11.6%, led by 20.1% growth in delivery. Sapphire's same store sales at Pizza Hut India fell 8% in the same period, while Devyani's fell 4.2%. Jubilant has not raised prices on average in more than ten quarters, opting to cut costs to drive profitability. In addition to providing value combinations and expanding store count, it has also waived delivery fees on app orders, while sharpening its focus on 20-minute deliveries in dense metros. Rival Devyani, on Wednesday, said it is taking cues from Jubilant's success with its 20-minute delivery model, and strengthening its own food-delivery business. "Jubilant is doing a far, far better job versus what we are it is a delivery first brand," a Devyani executive said on a post-earnings call with analysts. Jubilant's efforts drove first quarter revenue higher by 17%to 22.61 billion rupees. However, its consolidated core profit margin contracted to 19.4% from 19.8%, due to a higher mix of delivery and investments to power sales growth.
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Business Standard
6 days ago
- Business
- Business Standard
Jubilant Foodworks Q1 results: PAT rises to 64% on strong delivery growth
Jubilant FoodWorks saw its net profit surge 64.4 per cent during the April-June quarter (Q1) of FY26 at Rs 91.8 crore. In the first quarter of the financial year, the company saw its profit before interest, depreciation and tax (PBIDT) go up 44.60 per cent to ₹459.7 crore. Sales Revenues of the company were up 17 per cent to ₹2,260.9 crore. According to an investor presentation, Domino's India revenue was up by 17.7 per cent year-on-year (Y-o-Y), driven by strong order growth of 17.3 per cent across all tiers and its like-for-like (LFL) rise of 11.6 per cent. This was on account of strong delivery LFL growth of 20.1 per cent. It also said that its mature stores average daily sales came in at ₹85,396 for Domino's India stores. The company added that delivery channel revenue was up by 24.6 per cent and dine-in channel revenue rose 2.5 per cent, mainly driven by lunch-hour meals. Shyam S. Bhartia, chairman, and Hari S. Bhartia, co-chairman, Jubilant FoodWorks, said in its results release, 'We are pleased with the strong start to the year, marked by healthy top-line growth and disciplined profitability. This performance sets a solid foundation for what we believe will be a high-impact year. Our unwavering commitment to putting the customer first combined with sustained investments in technology, innovation, and operational excellence — continue to power our competitive edge and promote long-term value creation.' Sameer Khetarpal, chief executive officer (CEO) and managing director (MD), said in the results release that Q1 has been a stellar start, setting the tone for a dynamic year ahead. 'We've accelerated menu innovation, significantly expanded the share of our own digital assets and made decisive strides towards achieving 20-minute delivery. In parallel, we continue to scale Popeyes with the ambition of making it India's most-loved chicken brand. Our focus remains firmly on margin expansion, while maintaining strong cash flows from our Turkey business,' he added.
Time of India
6 days ago
- Business
- Time of India
Jubilant Foodworks Q1 Results: Domino's India operator beats St view with Rs 91.76 crore profit on strong delivery demand
Domino's India operator Jubilant Foodworks beat first-quarter profit estimates by a wide margin on Wednesday as lower-priced menu items and free deliveries bolstered demand even as other fast-food franchisees struggled. The company reported profit of 917.6 million rupees ($10.49 million) for the quarter ended June 30, compared to a year ago profit of 558 million rupees. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Get Rewards for Trading Vantage Markets IN Register Undo Analysts on average were expecting a profit of 645.6 million rupees, according to data compiled by LSEG. Urban Indian consumers are cutting back on non-essentials amid high living costs, denting same-store sales at budget retailers like Trent and fast food chains including Pizza Hut operators Sapphire India and Devyani International . Jubilant is an outlier in this environment, having reported double digit like-for-like sales growth for atleast three quarters. Live Events In the reported quarter ended June, like for like sales at Domino's India restaurants grew 11.6%, led by 20.1% growth in delivery. Sapphire's same store sales at Pizza Hut India fell 8% in the same period, while Devyani's fell 4.2%. Jubilant has not raised prices on average in more than ten quarters, opting to cut costs to drive profitability. In addition to providing value combinations and expanding store count, it has also waived delivery fees on app orders, while sharpening its focus on 20-minute deliveries in dense metros. Rival Devyani, on Wednesday, said it is taking cues from Jubilant's success with its 20-minute delivery model, and strengthening its own food-delivery business. "Jubilant is doing a far, far better job versus what we are it is a delivery first brand," a Devyani executive said on a post-earnings call with analysts. Jubilant's efforts drove first quarter revenue higher by 17%to 22.61 billion rupees. However, its consolidated core profit margin contracted to 19.4% from 19.8%, due to a higher mix of delivery and investments to power sales growth. ($1 = 87.4380 Indian rupees)
