New Delhi: Jubilant FoodWorks Ltd—which operates the Domino’s and Dunkin’ Donuts chain of pizza and coffee shops in India—posted a 71.5% drop in fourth quarter standalone net profit at ₹21 crore, the company said in a statement on Wednesday.
In the year ago period, the company posted a net profit of 73.94 crore. Standalone revenue from operations stood at Rs897.85 crore in the quarter ended 31 March, up 3.77% from the year ago period when the company posted ₹865.19 crore.
Domino’s same store growth (SSG)—that refers to the year-over-year growth in sales for restaurants opened before previous financial year—was down 3.4% after registering a 6% growth in the same quarter last year. “The company had a strong revenue performance until February