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.”
