Jubilant FoodWorks Ltd (JFL) today posted 51.81% increase in net profit for the quarter ended March 31, 2012, at Rs 29.33 crore.
For the quarter ended March 31, 2011, the company's net profit was Rs 19.32 crore.
JFL, a master franchisee for Domino's pizza and Dunkin' Donuts brands, saw 46.13% increase in total sales at Rs 282.95 crore during the quarter against Rs 193.62 crore in the fourth quarter of last fiscal.
"The growth has come through expansion in Dominos store network, new product launches and innovation," JFL CFO Ravi S Gupta told reporters on a conference call.
JFL's net profit for the 2011-12 fiscal increased 46.72% to Rs 105.64 crore, compared to Rs 72 crore in the previous year
The company's net sales for 2011-12 grew 50% to Rs 1,017.11 crore as against Rs 678.07 crore.
During the year, JFL opened 87 new Domino's stores in India taking the total store count to 465 stores in 105 locations in India.
Commenting on the outlook, the company said it will invest over Rs 150 crore to set up new stores for Domino's and Dunkin' Donuts and also build new commissaries for these brands.
The investment will be made from internal accruals and the company does not plan to raise debt for the next one year, CEO Ajay Kaul said.
"In the current fiscal, we will open 90 new Domino's stores and 10 Dunkin' Donuts outlets in India. We will also add another 5-6 Domino's stores in Sri Lanka," Gupta added.
The company has already set up two stores of Dunkin' Donuts in Delhi.
In 2011-12, JFL took a price hike of around 12% on its products to offset the rising input cost.
The company's board that met today has not recommended any dividend for the shareholders.
"The board has decided to invest in expansion of our brands across India," Gupta added.
The company's shares closed at Rs 1,050.90 per share, down 1.84% from the previous close on the BSE.