Domino's India Operator Beats Quarterly Profit View on Strong Delivery Demand
Domino's India operator Jubilant Foodworks beat first-quarter profit estimates by a wide margin on Wednesday as lower-priced menu items and free deliveries bolstered demand even as other fast-food franchisees struggled.
The company reported profit of 917.6 million rupees ($10.49 million) for the quarter ended June 30, compared to a year ago profit of 558 million rupees.
Analysts on average were expecting a profit of 645.6 million rupees, according to data compiled by LSEG.
Urban Indian consumers are cutting back on non-essentials...
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