Jubilant FoodWorks Posts Flat Profit
Jubilant FoodWorks reported a flat quarterly profit as higher fuel, wage, and raw material costs offset a twelve percent revenue increase. The Domino's operator saw expenses rise faster than sales due to ongoing inflationary pressures.
Insights:
Jubilant FoodWorks reported a flat quarterly profit of 1.14 billion rupees ($12.11M) on Friday morning, as rising operating expenses offset steady pizza sales in India. The result compares with 1.13 billion rupees in the same period a year earlier. Operating margins faced persistent pressure from higher input costs across its franchise network.
