MAM
Jubilant Foodworks Q4 revenue up by 12.9% at Rs 115.79 cr
Mumbai: Jubilant Foodworks on Monday reported 12.9 per cent increase in its revenue from operations at Rs 115.79 crore in the fourth quarter ended March 2022.
Earnings before interest, taxes, depreciation, and amortization (Ebitda) of Rs 289.7 crore for the year increased to 16.2 per cent. Despite significant cost headwinds, the Ebitda margin at 25 per cent expanded by 73 basis points (bps) year-on-year. Profit after tax of Rs 116.1 crore increased by 11.3 per cent with a margin of 10 per cent.
During the year, revenue from operations of Rs 433.11 crore increased by 32.5 per cent. Ebitda of Rs 110.46 crore increased by 44.1 per cent with a margin at 25.5 per cent. Profit after tax of Rs 437.5 crore increased by 87.2 per cent with a margin of 10.1 per cent.
During the quarter, in Sri Lanka, the company registered system sales growth of 80.6 per cent and opened three new stores taking the network strength to 35 stores. In Bangladesh, system sales grew by 44.5 per cent. With the opening of one new outlet, the store count in Bangladesh has reached nine stores. The company has also completed 100 per cent acquisition of its subsidiary with an intention to further strengthen presence and scale of operations in the fast-growing and critical market of Bangladesh.
Jubilant Foodworks chairman Shyam S. Bhartia and co-chairman Hari S. Bhartia said, “This has been a momentous year for the company on two accounts. A series of timely, strategic investments in strengthening the digital ecosystem for delivery and setting up an integrated supply chain network has helped the company register record revenue, profitability and store growth numbers even in the face of adversity and inflationary challenges. This in turn has enabled us to foray in new categories and make strategic investments which will continue to create significant future value for all stakeholders.”
Jubilant Foodworks CEO and wholetime director Pratik Pota said, “Today, our results reinforce our conviction that a vast array of actions we have undertaken over past quarters has helped us strike a remarkable balance of strong top-line growth, bottom-line growth, cash generation, and record network expansion. JFL is a profoundly different, much stronger and more profitable company poised to lead while transitioning to become a multi-brand, multi-country foodtech powerhouse.”
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Maharashtra panel orders Lodha to refund Rs 5 crore to homebuyers
Consumer court flags unfair practices in long-running property dispute case
MUMBAI: In a sharp rebuke to one of India’s biggest real estate players, the Maharashtra State Consumer Disputes Redressal Commission has directed Macrotech Developers to refund nearly Rs 5 crore to a senior citizen couple, Uttam and Anindita Chatterjee. The ruling, delivered on March 13, 2026, calls out the developer for “deficiency in service” and “unfair trade practices”, bringing closure to a dispute that has stretched over a decade.
The case traces back to 2015, when the couple booked a 3-BHK flat at World Towers in Lower Parel for Rs 12.22 crore, with possession promised within a year. What followed was a series of changes that complicated matters. After deciding to exit the project, they were persuaded to shift to a 4-BHK in another development priced at Rs 8 crore, with delivery scheduled for 2018. However, within months, the price was allegedly increased to Rs 10 crore. After demonetisation reshaped the market, similar flats were reportedly being offered at lower prices, but the couple were not given the benefit.
Despite paying over Rs 2.83 crore, the couple neither received possession nor clarity. Instead, in 2018, the developer unilaterally cancelled the booking, retained part of the amount as earnest money, and argued that the buyers were investors rather than consumers. The commission rejected this claim, observing that casual references to “investment” do not take away consumer rights when the purchase intent is residential.
The bench also held that the developer could not penalise buyers for payment delays while failing to meet its own delivery commitments. It noted the lack of formal documentation for revised terms and termed the prolonged retention of funds without delivering a home as exploitative.
As part of its order, the commission directed the developer to refund Rs 2.83 crore paid by the couple, along with interest at 10 per cent per annum, amounting to around Rs 2.12 crore. In addition, Rs 1 lakh has been awarded for mental agony and Rs 50,000 towards litigation costs, taking the total payout to over Rs 5 crore. The developer has been asked to comply within two months.
For now, the ruling serves as a reminder that in real estate, shifting terms and delayed promises can carry a significant cost.
