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Jubilant FoodWorks profit down 71.5% in Q4

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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

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