Jubilant FoodWorks Q2 net down 17% at Rs 23.88 cr

Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains in India, today reported a decline of 17.65% in standalone net profit at Rs 23.88 crore for the second quarter ended September 30.

The company had reported a net profit of Rs 29.00 crore in the same period of previous fiscal.

However, company's net sales on standalone basis was up 17.20% to Rs 587.29 crore during the quarter under review as against Rs 501.07 crore in the year-ago period, the company said in a BSE filing.

For the six months ended September 30, JFL's standalone net profit dipped 5.95% to Rs 53.55 crore compared with Rs 56.73 crore in the same period last fiscal.

Its net sales during the first half of the current fiscal increased 18.41% to Rs 1,157.87 crore from Rs 977.81 crore in the same period a year ago.

Shares of JFL were trading at Rs 1370.25, down 5.93% on BSE.