this post was submitted on 11 Aug 2024
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Jubilant FoodWorks (JUBI.NS), opens new tab, Domino's Pizza's (DPZ.N), opens new tab Indian franchisee, reported a near two-fold increase in first-quarter profit on Friday, as value meals attracted budget-conscious customers.

Consolidated net profit rose to 558 million rupees ($6.65 million) for the quarter ended June 30, from 289.2 million rupees a year earlier, it said in an exchange filing.

Persistently high inflation has been prompting consumers to pare back spending on dining out or ordering in. India's retail inflation hovered around 5% throughout the quarter amid high food prices, increasing cost pressure on the quick-service restaurant sector.

To spur demand Jubilant offered free home delivery and value deals such as meals for 99 rupees ($1.18), in a quarter that coincided with the T20 Cricket World Cup and school summer vacations.

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[–] HubertManne@moist.catsweat.com 5 points 3 months ago

finally reuters is getting to the real issues.

[–] Loduz_247@lemmy.world -2 points 3 months ago

Why are Hindus eating more Domino's pizza?

[–] MediaBiasFactChecker@lemmy.world -5 points 3 months ago

Reuters - News Source Context (Click to view Full Report)Information for Reuters:

MBFC: Least Biased - Credibility: High - Factual Reporting: Very High - United Kingdom
Wikipedia about this source

Search topics on Ground.Newshttps://www.reuters.com/business/retail-consumer/dominos-india-franchisee-posts-higher-q1-profit-offers-sway-customers-2024-08-09/
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