Pizza chain operator, Jubilant Foodworks is planning to take a price hike of upto 3 percent in the month of November on the back of escalating input costs.
The company’s net profit for the second quarter of the current fiscal has surged 28.43% at Rs 23.67 crore as compared to Rs 18.43 crore for the corresponding quarter of the last year. The company’s total income soared 47.74% at Rs 241.78 crore for the quarter under review as compared to Rs 163.65 crore for the second quarter of the previous year.
Jubilant FoodWorks is India’s largest and fastest growing food service company, with a network of 378 stores. The company and its subsidiary operates Domino’s Pizza brand with exclusive rights for India, Nepal, Bangladesh and Sri Lanka.
