Jubilant Foodworks' Q2FY24 Financial Performance Review
In this financial performance review, we delve into the results of Jubilant Foodworks for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.
| Particulars | Q2FY23 | (Y-o-Y) % change | Q1FY24 | (Q-o-Q) % change | Q2FY24 |
| Total Income (₹crs.) | 1,311 | 4.88 | 1,343 | 2.38 | 1,375 |
| Expenses (₹crs.) | 1,153 | 11.88 | 1,248 | 3.37 | 1,290 |
| Net Profit (₹crs.) | 158.8 | -37.8 | 32.85 | 200.7 | 98.78 |
| Margin (%) | 12.11 | -4.93 | 2.45 | 4.74 | 7.18 |
REVENUE:
Jubilant Foodworks reported a total income of ₹1,375 crores for Q2FY24, displaying a steady 2.38% increase compared to the preceding quarter. Year-on-year, the company achieved moderate growth, with a 4.88% rise in total income.
EXPENSES:
The company recorded expenses amounting to ₹1,290 crores in Q2FY24, representing a 3.37% increase compared previous quarter. When compared to Q2FY23, expenses showed an increase of 11.88%.
NET PROFIT:
The net profit of Jubilant Foodworks for Q2FY24 was ₹98.78 crores, showcasing a substantial 200.7% increase compared to the preceding quarter. However, year-on-year, the company faced a significant challenge with a -37.8% decrease in net profit.
MARGINS:
Jubilant Foodworks' margin in Q2FY24 was 7.18%. This figure reflects a notable 4.74% increase compared to the previous quarter when the margin was 2.45%. Year-on-year, the margin experienced a -4.93% change.
In conclusion, Jubilant Foodworks' financial performance in Q2FY24 showcases a strong quarter-on-quarter growth in net profit, while it faced challenges in the year-on-year comparison.
Stay tuned for more detailed updates on Jubilant Foodworks' financial performance in the coming quarters.