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Jubilant Foodworks, the franchise owner of Domino’s India, has posted a net profit of Rs 104.3 crore for the quarter ending in March 2021. The company released the figures on Tuesday, showing an increase in net profit in March 2021 quarter as compared to the same quarter in the previous financial year: 2019-20. The increase can be attributed to the lower base in the previous fiscal as the net profit of Jubilant for the March 2020 quarter stood at Rs 21.05 crore.
Among other figures, the earnings before interest, taxes, depreciation, and amortization(EBITDA) for Jubilant Foodworks stood at Rs 249.2 crore. This is an increase of over 47 per cent as compared to the same quarter in the previous fiscal. The operating margin for the Indian food franchise company in the quarter ending in March 2021 rose by 542 basis points to reach 24.3 per cent.
In a piece of good news for Jubilant’s equity shareholders, the company’s board has approved the recommendation to give a final dividend to its shareholders. The dividend will be distributed at the rate of Rs 6 per share. The dividend is being given for the financial year 2020-21.
In addition to India, Jubilant Foodworks also owns the master franchise for other South Asian countries like Nepal, Bangladesh and Sri Lanka. The Noida-based company is the franchise partner of Popeyes in India, Bhutan, Bangladesh and Nepal as well.
As of 10:57 AM on the National Stock Exchange, the share price of Jubilant Foodworks stood at Rs 3253.10. The price rose by 2.43% or Rs 77.15 as compared to its closing on Tuesday.