PIZZA AND DONUTS FELL APART | PIZZA REVENUE LOSSES IN LOCKDOWN | 2021

 THE PIZZA AND DONUTS FELL APART, JUBILANT WHO RECORDED  NET LOSS

Everyone with Corona preferred home cooking. Didn't look too big on the fast food side of the favorite. Pizza stores also had to close due to lockdown restrictions. Jubilant Foodworks, which operates Domino's Pizza and Dunkin 'Donuts, recorded a net loss as a result. The company had a net loss of Rs 74.47 crore in the first quarter of the current financial year. 

The company had posted a net profit of Rs 71.48 crore in the June quarter. Revenue fell 59.07 percent to Rs 388.41 crore from Rs 949.11 crore. ‘The corona effect was severe in the first trimester. Jubilant said in a statement that this was due to the fact that most of the stores were closed at that time. However, total expenses declined by 41.54 percent to Rs 499.03 crore during the quarter under review. However, the company opened 24 new Domino's pizza restaurants and closed five stores.