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“The rise in income was pushed by Like-for-Like development of 8.4% and wholesome efficiency of recent shops. Dine-in and Takeaway channels mixed witnessed sturdy year-on-year development whereas Supply channel registered good-looking development on a excessive base,” the corporate mentioned in an change submitting. The corporate, which runs the Domino’s Pizza chain in India, mentioned its standalone EBITDA margin declined 170 bps YoY to 24.3% in Q2.
Throughout the quarter, Jubilant opened 76 new Domino’s shops taking the community energy for Domino’s in India to 1,701 shops. It entered 22 new cities through the quarter to broaden its attain to 371 cities throughout India. The corporate additionally opened two new shops for Popeyes and one retailer for Dunkin’.
“We delivered sturdy top-line development supported by strong Like-for-Like development in Domino’s led by our digital and bodily footprint. Regardless of inflation, our efficiency on margins has been constant and robust, pushed by disciplined price management and calibrated pricing actions previously,” Sameer Khetarpal, CEO and MD, Jubilant FoodWorks, mentioned.
In Sri Lanka, the corporate registered system gross sales development of 37% through the quarter and opened 4 new shops taking the community energy to 40 shops. In Bangladesh, system gross sales grew by 42%. With the opening of 1 new outlet, the shop rely in Bangladesh has reached 11 shops.
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