Cost inflation, exceptional expense spoil Jubilant FoodWorks Q1 show

The Ebitda margins are expected to remain in the 24-25 per cent this fiscal and the acquisition of 40 per cent stake in Roadcast Tech Solutions will help improve efficiencies in delivery

Jubilant FoodWorks declared steady April-June quarter results for the 2022-23 financial year (Q1FY23), but inflation impacted margins and profits. The revenue was up 41 per cent year-on-year (YoY) and 7 per cent quarter-on-quarter (QoQ) to Rs 1,240 crore, which is up 32 per cent versus pre-Covid-19 level of Q1FY20. The like-for-like growth was 28 per cent. The Ebitda was Rs 304 crore, up 44 per cent YoY, with the Ebitda margin at 24.6 per cent, which is down 45 basis points QoQ due to serious raw material inflation.

The COGS (cost of goods sold) rose 44 per cent YoY (up