Jubilant FoodWorks, a leading Indian company in the food service sector, will report first-quarter 2024 earnings today at 5:00 p.m. IST. The company will most likely provide business updates for the first quarter.
Listen to Jubilant FoodWorks’ Q1 earnings call live and check real-time transcript
The company reported Total Income for Q4 FY23 of ₹1,289.59 Crore, up from ₹1,188.60 Crore year over year, a growth of 8.5%, in the most recent quarter. However, the consolidated Net Profit was down 70.2% from 96 Crore to 28.54 Crore.
According to Zee Business Research, is predicted to report subpar operational results. Earnings could be impacted by weak demand. Additionally, a rise in input costs could keep margins tight. The business is anticipated to report standalone revenue of ₹1,307 crore, an increase of 5% from the previous year. Jubilant Foodworks is expected to report net profit of ₹74.6 crore, down 38.4% from the previous year but up 20.2% from quarter to quarter, according to Nirmal Bang brokerage house.
Domino’s Pizza, one of the most well-known and well-liked pizza chains in India, is the company’s flagship brand. It runs a sizable network of Domino’s Pizza locations in these nations, providing a wide selection of pizzas, sides, and beverages. The company’s future top line should benefit from the expansion of various brands besides Dominos.