Jubilant FoodWorks, which runs Domino’s Pizza and Dunkin’ Donuts chain in India, has reported a 7.5 per cent growth in its standalone net profit at Rs 103.70 crore for the third quarter ended December 31, 2019, driven by rise in operating profits “despite slowdown in intake patterns”. The Jubilant Bhartia group company had published a net earnings of Rs 96.5 crore in the same quarter in 2015 and Rs 75.9 crore in September quarter of this financial. The standalone income from operations increased by 14.1 percent to Rs 1,059.6 crore in Q3FY20 as compared to Rs 929.1 crore in Q3FY19. Throughout the quarter under evaluation, profits before interest, tax, amortization and depreciation (EBITDA) jumped 48.7 per cent year-on-year to Rs 253.6 crore, which constitutes 23.9 per cent of profits. The EBITDA margin broadened by 340 basis points (bps) to 23.9 percent versus 18.4 percent in the year-ago duration. The total expenses climbed up by 6.3 per cent to Rs 806 crore versus Rs 758.5 crore in the year-ago duration, dented by increase in raw material and personal costs. Throughout the October-December quarter, Like for Like (LFL) sales growth for Domino’s Pizza stood at 7.2 per cent. Exact Same Store Growth (SSG) for Domino’s Pizza was 5.9 percent, on a high base of 14.6 per cent in 2015. Check out: Maruti Suzuki Q3 profit up 5.1 % to Rs 1,564.8 crore “Growth was driven by a strong efficiency in shipment, specifically online sales. Online sales now add to 87 per cent of shipment sales. The Domino’s App saw 0.41 crore downloads throughout the quarter,” Jubilant FoodWorks said in a filing to the Bombay Stock Exchange. “The launch of the Masala Pizza variety likewise assisted drive sales throughout the quarter, with the performance of the innovation significantly surpassing internal targets, it included. Likewise Read: HDFC Q3 revenue leaps four-fold to Rs 8,372 crore; to raise Rs 45,000 crore through NCDs In Q3FY20, the company opened 47 shops, 44 for Domino’s Pizza, 2 for Dunkin’ Donuts and 1 for Hong’s Kitchen. “This was the greatest shop opening count in 20 quarters”, the company stated. Discussing Q3 incomes, Shyam S. Bhartia, Chairman and Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited said, “We have actually preserved strong growth momentum regardless of slowdown in consumption trends. This was driven by our increased concentrate on essentials of business, while raising the customer experience. We will continue to emphasise on our essential pillars of development to deliver sustained growth moving forward.” Following Q3 results, shares of Jubilant FoodWorks closed Wednesday’s trade at Rs 1,755 apiece, up 0.03 percent, on the BSE. By Chitranjan Kumar