Jubilant FoodWorks (JUBLFOOD) Q4 15/16 earnings summary

Executive summary

• FY16 revenue from operations reached ₹24,102 million, up 16.2% YoY; same-restaurant sales growth improved to 3.2% from 0.05% in FY15 despite subdued consumer demand.

• The 20-year milestone included Domino’s India’s 1,000th restaurant; expansion, menu innovation and technology investments supported growth.

Financial highlights

• Standalone revenue from operations was ₹241,021 lakh versus ₹207,447 lakh; reported growth was 13.93% in the Board Report, while the financial review cited 16.2%.

• EBITDA rose 7.84% to ₹28,515 lakh; PBT fell 3.05% to ₹16,696 lakh and net profit declined 7.61% to ₹11,456 lakh.

• Consolidated revenue from operations was ₹243,798 lakh versus ₹209,276 lakh; consolidated PBT was ₹15,512 lakh and PAT ₹10,481 lakh.

Outlook and guidance

• Priorities are expanding into new cities and deepening penetration in existing markets, supported by supply-chain investment; the Greater Noida mega Supply Chain Centre was progressing to plan.

• Continued focus on product and marketing innovation, advanced digital solutions and stronger IT systems; Domino’s cited geographic headroom as over 50% of its cities had only one restaurant.

• Dunkin’ planned measured geographic expansion, menu reinvigoration and improved guest experience; restaurant opening targets had been revised downward as a precaution.