With vaccinations well under way, the management believes that the worst is behind them and is confident of delivering strong, sustained growth in the periods ahead
Jubilant Foodworks reported a consolidated net profit of Rs 69.06 crore in the first quarter ended June 30, aided by higher revenues despite the second wave of COVID-19 disrupting operations.
This comes after the company reported over three fold jump in its consolidated net profit for the fourth quarter
The company witnessed around 90 per cent recovery in both April and May versus pre-COVID levels, despite dine-in being minimal
The firm's revenue from operations stood at Rs 1,037.85 crore in Q4, up 14.21 per cent from Rs 908.75 crore in the corresponding period a year ago
The firm operates fast-food chains Domino's Pizza and Dunkin' Donuts in India
Parent company Jubilant Foodworks experienced an information security incident, says Pizza company.
Demand for its pizzas weakened after coronavirus-led restrictions were eased in the United States
Data is worth 13 terabytes and also includes 180 million orders with phone nos, emails, addresses, and payment details, says intelligence firm chief
Shares of the company were down 3% in premarket trading
Jubilant Foodworks operates Domino's Pizza and Dunkin' Donuts chains in India
Operating revenue down slightly, massive closure of outlets due to pandemic affected overall business
Valuations, however, are factoring in near-term benefits of growth and consolidation
Stock at Rs 138 verus issue price of Rs 60, was locked in upper circuit for some part of the day, with only buyers and no sellers
Shares of IndusInd Bank have surged 47% in November - third-most among Nifty companies
Market share gains, scaling up of network and takeaway trends to aid revenue growth
Domino's Pizza Group said it was creating 5,000 new jobs in the UK, including chefs and delivery drivers, on top of the 6,000 jobs it had created since the start of the coronavirus pandemic
Its revenue from operations declined 59.07 per cent to Rs 388.41 crore during the quarter under review as against Rs 949.11 crore in the corresponding quarter last fiscal
Small pizza shops across the US are reporting higher prices and tight supply for their usual pepperoni orders
The company said online sales of products will shortly start with Amazon (National), Flipkart Supermart (NCR, Mumbai and Bengaluru) and Milkbasket (NCR)