Quick service restaurants major Jubilant Foodworks reported Rs 62.3 crore net profit for the April-June quarter. The firm had posted Rs 72.6 crore net loss in the corresponding quarter last year.
The operator of the country’s largest restaurants chain under the Dominos brand, Jubilant’s operating revenue grew 131 per cent to Rs 879 crore from Rs 380 crore in June 2020 quarter.
However, in April-June its business activities remained lower on a quarter-on-quarter basis. While, its operating revenue dipped 16 per cent from Rs 1,025 crore in March quarter, profit after tax plunged 40 per cent from Rs 104.3 crore. Its net profit margin fell to 7.1 per cent …
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