The company's profit rose about 6% year-on-year in the quarter ended June 30 to 972.4 million rupees ($10.19 million), compared to 917.6 million rupees a year ago.
Jubilant's shares reversed course from early losses to rise as much as 4.11% after the results.
Quick-service restaurant operators are seeing demand recover after a sluggish start to the year, aided by sporting events and value offerings, though elevated fuel, wage and raw material costs continue to weigh on margins.
The company reported consolidated revenue of 25.7 billion rupees for the quarter ended June 30, compared to 22.61 billion rupees a year ago, while margins remained flat at 19.6%.
The operator of Domino's Pizza in India had said last month that its like-for-like sales growth stood at 2.5% during the quarter, improving from 0.2% in the preceding three months, while standalone revenue rose 9.2%.
Brokerages, however, had noted that like-for-like sales growth remained below the company's long-term annual target range of 5%-7%. Analysts had broadly expected Jubilant FoodWorks to report a rise in quarterly profit, helped by improving demand trends and continued expansion of its store network.
Jubilant added 58 Domino's stores during the quarter, taking its Domino's India network to 2,513 outlets, as it continued to expand its footprint.
In a letter to shareholders, Chief Executive Sameer Khetarpal said the company was beginning to see the benefits of initiatives launched over the past year, with order momentum improving at Domino's India and fried chicken chain Popeyes continuing to deliver strong growth.
The company said it limited the impact of inflationary pressures on margins to about 20 basis points, compared with an expected 200-basis-point hit, through selective price increases and productivity measures.
($1 = 95.4275 Indian rupees)






