Jubilant FoodWorks' scrip loses appetite after weak Q1FY17

Jubilant FoodWorks has declared its Q1FY17 results on Saturday. The company’s revenue has increased by 6.7 per cent to Rs 609 crore in Q1FY17 as compared to same period in previous financial year. Its EBITDA has declined by 14.2 per cent to Rs 57.74 crore in Q1FY17 on a yearly basis. Jubilant Foodworks’ EBITDA margin has contracted by 230 basis points to 9.5 per cent in Q1FY17 as compared to same period in previous fiscal year. The company’s PAT has decreased by 31.1 per cent to Rs 19 crore in Q1FY17 on a yearly basis. Its PAT margin has contracted by 170 basis points to 3.1 per cent in Q1FY17 as compared to same period in previous financial year.

During Q1FY17, Jubilant Foodworks’ restaurants have increased by 15.15 per cent to 1049. Meanwhile, the company has 1062 restaurants as of September 3, across 248 cities. Its Dunkin’ Donuts’ restaurant count remained at 73 across 23 cities as of September 3.

The share price of Jubilant FoodWorks has declined by 9.76 per cent on bourses in early trades; and is trading at Rs 1072.8 on an intraday basis.

Jubilant FoodWorks is part of Jubilant Bhartia group and India’s largest food service company. The company & its subsidiary have the exclusive rights to develop and operate Domino’s Pizza brand in India, Sri Lanka, Bangladesh and Nepal. It also has exclusive rights for developing and operating Dunkin’ Donuts' restaurants for India.