Profit

Jubilant Foodworks Q2 net up 2.78 per cent at Rs 33 crore

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New Delhi: 

Jubilant Foodworks Ltd on Thursday reported a 2.78 per cent increase in standalone net profit at Rs 33.24 crore for the quarter ended September 30, 2013.

The company had posted a net profit of Rs 32.34 crore in the corresponding quarter the previous fiscal year (FY13), it said in a statement.

Net sales rose 27.64 per cent to Rs 436.6 crore during the quarter ended September, 2013 from Rs 342.03 crore in the year-ago period, it said.

"The short-term challenges on the inflationary front and around lower discretionary spends are manageable and we have built our business to tide over such exigencies and are confident in our ability to address them," said Jubilant Foodworks chief executive Ajay Kaul.

Expenses increased by 30.98 per cent to Rs 389.3 crore, from Rs 297.22 crore in the corresponding period last year.

"Growth in overall business along with increased input cost inflation, increased level of sales promotion, higher spends on marketing necessitated in an environment of weaker consumer sentiment have together translated to higher spends during the quarter," Jubilant noted.

Shares in Jubilant Foodworks, on Thursday, ended at Rs 1187.35 apiece on the BSE, up 1.06 per cent from the previous close.



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