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Several leading fast-food companies underperformed in the September quarter thanks to a combination of factors, such as relatively more religious days and increasing competition from smaller players.
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Jubilant Foodworks Ltd (JFL), which operates fast-food chains Domino s Pizza and Dunkin Donuts, on Tuesday reported a 74 per cent decline in its consolidated net profit to Rs 28.91 crore in the June 2023 quarter. The company had posted a consolidated net profit of Rs 112.58 crore in the April-June quarter previous fiscal, Jubilant Foodworks Ltd (JFL) said in a regulatory filing.