CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Higher costs offset Domino's growth for India's Jubilant FoodWorks; profit flat

By Reuters News

Nov 6 (Reuters) - India's Jubilant FoodWorks JUBI.NS, which operates Domino's Pizza DPZ.O outlets in India, posted a largely flat quarterly profit from continuing operations on Friday, as higher fuel, wages and raw material costs offset steady growth in the pizza unit.

  • The company reported a consolidated profit from continuing operations of 1.14 billion rupees ($12.11 million), largely unchanged from 1.13 billion rupees a year earlier.

  • Its net profit, however, fell over 40% to 1.08 billion rupees

  • The year-ago quarter included an 812.2-million-rupee gain from discontinued operations and the sale of its stake in a Russian unit

  • Jubilant's second-quarter revenue rose around 12% to 26.08 billion rupees

  • Its expenses rose 12.9% to 24.68 billion rupees

  • Analysts had expected Jubilant's growth to accelerate in the second quarter from the previous three months, although elevated fuel and raw material costs, such as those for chicken and dairy, continued to weigh on margins

  • Domino's India recorded like-for-like growth of 4.1% during the quarter, up from 2.5% in the June quarter.

  • Fried chicken brand Popeyes logged like-for-like growth of 53%

  • "Impact of inflation is to the tune of approximately 200 basis points ... due to increase in LPG cost, hike in minimum wages and raw material cost. Commodities like oil and cheese are now on the rise," the company said


($1 = 94.1550 Indian rupees)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.