Jubilant Foodworks Q2 Update: Consolidated revenue up nearly 20%; LFL growth nearly double digits

Shares of Jubilant Foodworks Ltd. gained on Monday, October 6, after the company reported its provisional numbers for the September quarter. The stock though, came off its opening highs.

The company reported a 19.7% increase in its consolidated revenue from operations to ₹2,340.4 crore in the second quarter from the previous year.

Meanwhile, its standalone revenue from operations increased 15.8% to 1,698.7 crore in the September quarter from the year-ago period.

Domino's India's like-for-like growth came in at 9.1% in the quarter under review, while Domino's Turkey's like-for-like growth was at 5.6%.

At the end of the second quarter, Jubilant Food Group's collective network of stores was at 3,480 stores, with an addition of 93 stores during the July to September period.

Domino's India opened 81 new stores in the September quarter taking the total to 2,321 outlets. Domino's Turkey opened one store and closed another one, ending the quarter with a total of 751 stores, it said.

Shares of Jubilant Foodwork are trading 0.5% lower after the initial pop at ₹625.2. The stock is down 5% over the last one month.

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