Home Retail Jubilant FoodWorks Q2 net profit up 3%

    Jubilant FoodWorks Q2 net profit up 3%


    Food service company Jubilant FoodWorks Limited (JFL) has reported its financial results for the quarter and half year ended September 30, 2013 showing a three percent increase in net profit.

    Commenting on the performance for Q2 & H1 FY14, Shyam S. Bhartia, Chairman and Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited said, “The growth shown by JFL is consistently based on the robust operational foundation on which it stands. In the current economic environment and slowdown in consumer spending, especially in discretionary expenditure, we continue to pursue excellence in key areas such as cost management, restaurant selection processes, continual re-investment in strengthening the supply chain, connecting deeply with our consumers, and investing in innovations. This approach is complemented by a robust training apparatus and high operational efficiency standards that allow us to grow the business in line with the potential we seek from the market. In an uncertain environment, we have relied on connecting even more deeply with our consumer.We have innovated categories, introduced new variants, lined up more value-oriented propositions and the consequence has been along expected lines. The brand maintains its relevance when discretionary spends are decelerating and we are confident that when the momentum of growth will be on an upswing in the economy, then JFL will be the first beneficiary of it."

    He further added: "Dunkin’ Donuts is a novel concept where for the first time we are offering a western, all day part menu to our consumers. The restaurant environment is different and the flavours and combinations are varied. But what remains the same is our commitment to drive focus on profitable growth. We are taking measured steps in terms of the roll-out and are constantly adjusting to the feedback from the restaurant front. The business is poised to expand rapidly and responsibly so that overall for JFL we create lasting value. As the combined businesses of Domino’s Pizza and Dunkin’ Donuts gain critical size, the core promise of JFL remains that of continuing the high-quality performance that is ahead of consumer expectations.”

    Commenting on the performance for Q2 and H1 FY14, Ajay Kaul, CEO, Jubilant FoodWorks, said: “Jubilant FoodWorks is a strong and vibrant company where one of the key differentiators is our focus. We’re focused on creating brand value, innovation, cost productivity, product quality, consumer value and loyalty for both Domino’s Pizza and Dunkin’ Donuts. H1 has been a challenging period for the best of us in the industry. Our commitment, business philosophies were tested and yet what you will see is a consistent drive to stay on course. Domino’s Pizza has made rapid strides in restaurant expansion and today we have 650 Domino’s Pizza restaurants serving around 8 million pizzas every month. With the response we are getting from our consumers, we are only encouraged to take this iconic brand to the next level. One step in this direction is our “pizza theater”- a concept launched at our VasantKunj, Delhi outlet. The idea is to draw out an emotional conversation with our key audience thus building affinity for the brand. We have and are in the process of adding new commissaries with state of the art facilities to drive higher levels of optimisation and supply chain systems into the hinterland, to serve tier 2 and 3 cities. Our drive to connect with our consumers is only getting stronger with our new product introductions such as Lebanese Rolls, Pocket Calzone in Domino’s Pizza and burgers in Dunkin’ Donuts and special offers such as the Wednesday- buy one get one free offer on Domino’s Pizza."

    Dunkin’ Donuts comprises of an all-day part food menu including donuts, baked food, bagels, burgers, and sandwiches under one brand.

    Currently the company has19 Dunkin’ Donuts restaurants in 6 cities.