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Jubilant FoodWorks reports rebound in sales aided by online ordering

Jubilant FoodWorks, the parent entity of Domino’s Pizza and Dunkin Donuts in India, witnessed a recovery in online food deliveries and sales during the second quarter of this financial year. While overall sales crashed to 40.5% between April and June 2020, compared to the same period in the previous year, between July and September this year, sales recovered to 82.3% compared to last year's level. Revenues from operations are down by 18.2% YoY to ₹816.3 crore in Q2FY21 from ₹998.1 crore in Q2FY21. However, sequentially, revenues improved by 110% from ₹388.4 crore in Q1FY21. Net profit stood at ₹75.77 crore at the end of Q2FY21, up by 1.3% YoY from around ₹73 crore in Q2FY20. In Q1FY21, the company made a loss of ₹74.5 crore on account of sharp fall in sales in the wake of the lock-down restrictions due…

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