JFL/NSE-BSE/2021-22/31 July 21, 2021

BSE Ltd. National Stock Exchange of India Limited

P.J. Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex
Mumbai – 400001 Bandra(E), Mumbai – 400051

Scrip Code: 533155 Symbol: JUBLFOOD

Sub: Outcome of Board Meeting held on July 21, 2021

Ref: Intimation under Regulation 33 read with Regulation 30 of SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations")

Dear Sir/ Madam,

Further to our letter no. JFL/NSE-BSE/2021-22/26 dated July 9, 2021, we wish to inform that the
Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended
June 30, 2021 were approved by the Board of Directors of the Company at its meeting held
today i.e. July 21, 2021 at 12.00 noon and concluded at 01.45 p.m.

Pursuant to the applicable provisions of the Listing Regulations, we enclose the following:
1. Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30,
2021 (“Financial Results”);
2. Limited Review Report on the Financial Results issued by the Statutory Auditors of the
Company; and
3. Press Release alongwith Earnings Presentation on the Financial Results.

The aforesaid results are also being disseminated on Company's website

at www.jubilantfoodworks.com

This is for your information and records.

Thanking You,
For Jubilant FoodWorks Limited
MONA Digitally signed
by MONA
AGGARW AGGARWAL
Date: 2021.07.21
AL 13:52:35 +05'30'
Mona Aggarwal
Company Secretary and Compliance Officer

Investor E-mail id: [email protected]

Encl: A/a
 Chartered Accountants
7th Floor, Building 10, Tower B,
DLF Cyber City Complex
DLF City Phase II,
Gurugram – 122 002
Haryana, India
Phone: +91 124 679 2000
Fax: +91 124 679 2012

INDEPENDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL

RESULTS

TO THE BOARD OF DIRECTORS OF JUBILANT FOODWORKS LIMITED

1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of JUBILANT
FOODWORKS LIMITED (“the Company”), for the quarter ended June 30, 2021 (“the Statement”), being
submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015, as amended.

2. This Statement, which is the responsibility of the Company’s Management and approved by the Company’s
Board of Directors, has been prepared in accordance with the recognition and measurement principles laid
down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under
Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting
principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based
on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE)
2410 ‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity’, issued
by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists
of making inquiries, primarily of the Company’s personnel responsible for financial and accounting matters,
and applying analytical and other review procedures. A review is substantially less in scope than an audit
conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act,
2013 and consequently does not enable us to obtain assurance that we would become aware of all significant
matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that
causes us to believe that the accompanying Statement, prepared in accordance with the recognition and
measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting
principles generally accepted in India, has not disclosed the information required to be disclosed in terms
of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as
amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For DELOITTE HASKINS & SELLS LLP

Chartered Accountants
(Firm’s Registration No. 117366W/W-100018)
Digitally signed by
RAJESH RAJESH KUMAR
KUMAR AGARWAL
Date: 2021.07.21
AGARWAL 13:26:00 +05'30'

Rajesh Kumar Agarwal

(Partner)
(Membership No. 105546)
UDIN: 21105546AAAAEG4908
Place: New Delhi
Date: July 21, 2021

Regd. Office: India Bulls Finance Centre, Tower 3, 27th – 32nd Floor, Senapati Bapat Marg, Elphinstone Road
(West), Mumbai- 400013, Maharashtra, India. (LLP Identification No. AAB-8737)
 7 JUBILANT FOODWORKS LIMITED
f.UBIIANT CIN NO. L74899UP1995PLC043677
FoooWORKS
Regd. Office : Plot No. 1A, Sector - 16A, Noida - 201301 (U.P)
Corporate Office -5th Floor, Tower D, Plot No. 5, Logix Techno Park, Sector-127, Noida -201304 (U.P)
Contact No: +91-120-4090500, Fax No: +91-120-4090599, E-mail : [email protected], website : www.jubilantfoodworks.com
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2021
(Figures-lNR in lakhs, unless otherwise stated)
Particulars For the quarter ended For the year ended

30th June 31st March 30th June 31st March

2021 2021 2020 2021
Unaudited Refer Note 3 Unaudited Audited
I. Income
Revenue from operations 87 ,899.12 1,02,585.84 38,028.17 3,26 ,887.27
Other income 802.98 1,098.58 1,268.83 7,037.26
Total Income 88,702.10 1,03,684.42 39,297.00 3,33,924.53

II.Expenses
Cost of raw materials consumed 18,698.33 21,559.14 7,751 .97 67 ,046.97
Purchase of traded goods 1,254.48 1,448.08 592.93 4,582.42
Changes in inventories of material-in-progress and traded goods 63.62 107.37 12.07 (131 .89)
Employee benefit expenses 16,500.47 19,971.66 14,985.90 73 ,570.86
Finance costs 4,179.50 3,701.31 4,189.17 16,060.28
Depreciation and amortisation expense 8,901.39 8,583.19 9,079.86 36,722.40
Other expenses (Refer Note 1) 30 ,231.19 34,581.35 12,278.23 1,05, 163.04
Total expenses 79,828.98 89,952.10 48,890.13 3,03 014.08

Ill. ProfiU (Loss) before exceptional items and tax (I - II) 8,873.12 13,732 .32 (9,593.13) 30,910.45

IV. Exceptional items (Refer Note 6l 558.44 - - -

V. ProfiU !Loss) before tax (Ill- IV) 8 314.68 13 732.32 (9 593.13 30 910.45

VI. Tax expense

Current tax expense 1,992.20 3,910.62 - 9,251.06
Deferred tax expense/ (credit) 67 .14 (608.19 (2,330.32 (1,709 .25)
Total tax expense 2 059.34 3 302.43 (2 330.32 7 541.81

VII. ProfiU (Loss) for the period/ vear IV - Vil 6 255.34 10 429.89 (7 262.81 l 23 368.64

VIII. Other comprehensive income/ (expenses)

a) Items that will not be reclassified to profit or (loss) 14,081.65 9,085.24 (535.71) 8,776.97
b) Income tax relating to items that will not be reclassified to profit or (1,595 .23) (1 ,048.72) 134.83 (971.14)
(loss)
Total other comprehensive income/ (expenses), net of tax 12,486.42 8,036.52 (400.88) 7,805.83

IX.Total comprehensive income, net of tax for the period/ year 18,741.76 18,466.41 (7,663.69) 31,174.47
l!Vll+VIII)
Paid-up equity share capital (par value of INR 1O each fully paid) 13,196.90 13,196.90 13,196.90 13,196.90

Other eauitv 1 36 516.16

Earnings per equity share (par value of INR 10 each) (not

annualised)
i) Basic (in INRl 4.74 7.90 (5.50 17.71
ii) Diluted (in INR) 4.74 7.90 (5 .50 17.71

See accompanying notes to the standalone results

-1-
 Notes:

Consequential to COVID 19 pandemic the Company has negotiated several rent concessions. In view of recent amendments by the
Companies (Indian Accounting Standards) Amendment Rules, 2020 , the Company has elected , as a practical expedient, not to assess these
rent concessions as lease modifications and has recognized impact of such rent concession in Statement of Profit and Loss. The election is
made for all such rent concessions as these satisfy the conditions mentioned in Para 46A and Para 46B of Ind AS 116 (as amended) . During
the quarters ended 30th June 2021 , 31st March 2021 , 30th June 2020 and year ended 31st March 2021 the Company has negotiated rent
concessions of INR 895 .59 lakhs, INR 784.52 lakhs, INR 2,943.35 lakhs and INR 6,804.44 lakhs respectively. The Rent expense for the
quarters ended 30th June 2021 , 31st March 2021 , 30th June 2020 and year ended 31st March 2021 were INR 1,711.76 lakhs, INR 2,915.57
lakhs, INR 908.28 lakhs and INR 7 ,915.49 lakhs respectively. After netting off with the aforesaid rent concessions, the net rent expense/
(credit) for the quarters ended 30th June 2021 , 31st March 2021, 30th June 2020 and year ended 31st March 2021 were INR 816.17 lakhs,
INR 2,131 .05 lakhs, INR (2,035 .07) lakhs and INR 1,111.05 lakhs respectively and has been included under Other expenses.

2 Segment Reporting : The Company's business activity falls within a single business segment i.e. Food and Beverages in terms of Ind AS 108
on Segment Reporting ,

3 The figures for the quarter ended 31st March, 2021 in the previous financial year, as reported in these standalone unaudited financial results ,
are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures upto the
end of third quarter of the previous financial year. Also, the figures upto the end of the third quarter of the previous financial year had only
been reviewed and not subjected to audit.

4 The COVI D- 19 situation across the country affected the normal dine-in operations of the restaurants resulting in lower sales. However the
Company has taken various measures to protect profit margins. The Company has made detailed assessments of its liquidity position for the
next one year and of the recoverability and carrying values of all its assets and liabilities as at 30th June 2021 and on the basis of evaluation
based on the current estimates has concluded that no material adjustments is required in the standalone unaudited financial results.
Given the uncertainties associated with nature, condition and duration of COVID- 19, the impact assessment on the Company's financial
statements will be continuously made and provided for as required.

5 During the quarter, the Company has further invested an amount of INR 500.63 lakhs (Previous year INR 288.02 lakhs) in its wholly owned
subsidiary Jubilant FoodWorks Lanka (Private) Limited and its investment in said subsidiary as on 30th June 2021 is INR 10,478.76 lakhs.

6 Exceptional items during the quarter includes costs of INR 558.44 lakhs incurred by the Company to support its employees, associates and
their dependents during Covid 19 pandemic. These includes assistance to families of deceased employees and associates, vaccination of
employees, associates and their dependents, quarantine facilities for Covid impacted employees and associates, etc.

7 These unaudited financial results have been prepared in accordance with the recognition and measurement principles as laid down in the
Indian Accounting Standards (referred to as "Ind AS") prescribed under Section 133 of the Companies Act, 2013 read with Companies
(Indian Accounting Standards) Rules as amended from time to time. The above standalone unaudited financial results were reviewed by the
Audit Committee and approved by the Board of Directors of the Company at their meetings held on 21st July 2021. The statutory auditor's
report on review of quarterly standalone unaudited financial results for the quarter ended 30th June 2021 is being filed with the BSE Limited
and National Stock Exchange of India Limited. For more details on standalone unaudited financial results, visit Investors section of our
website at www.jubilantfoodworks.com and Financial Results at Corporates Section of www.nseindia.com and www.bseindia.com .

For and on behalf of the Board of Directors of

JUBILANT FOODWORKS LIMITED

SHYAM Dig itally signed

bySHYAM
SUNDER SUNDER 8HARTIA
0 ate: 202 1.07.2 1
BHARTIA 13:14:24405'30'

Place: Delhi SHY AM S. BHARTIA

Date: 21st July 2021 CHAIRMAN & DIRECTOR
DIN No. 00010484

-2-
 Chartered Accountants
7th Floor, Building 10, Tower B,
DLF Cyber City Complex
DLF City Phase II,
Gurugram – 122 002
Haryana, India
Phone: +91 124 679 2000
Fax: +91 124 679 2012

INDEPENDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL

RESULTS

TO THE BOARD OF DIRECTORS OF JUBILANT FOODWORKS LIMITED

1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of JUBILANT
FOODWORKS LIMITED (“the Parent”) and its subsidiaries (the Parent and its subsidiaries together
referred to as “the Group”), and its share of the net profit after tax and total comprehensive income of its
associate for the quarter ended June 30, 2021 (“the Statement”) being submitted by the Parent pursuant
to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended.

2. This Statement, which is the responsibility of the Parent’s Management and approved by the Parent’s
Board of Directors, has been prepared in accordance with the recognition and measurement principles laid
down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under
Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting
principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based
on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE)
2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued
by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists
of making inquiries, primarily of Parent’s personnel responsible for financial and accounting matters, and
applying analytical and other review procedures. A review is substantially less in scope than an audit
conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies
Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all
significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8)
of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the
extent applicable.

4. The Statement includes the results of the following entities:

(a) Jubilant FoodWorks Limited - Parent
(b) Jubilant FoodWorks Lanka Private Limited - Subsidiary
(c) Jubilant Golden Harvest Limited - Subsidiary
(d) Jubilant FoodWorks Netherlands B.V. – Subsidiary
(e) Fides Food Systems Coöperatief U.A. - Subsidiary
(f) JFL Employees Welfare Trust – Controlled Trust
(g) DP Eurasia N.V. - Associate

5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on
the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has
come to our attention that causes us to believe that the accompanying Statement, prepared in accordance
with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard
and other accounting principles generally accepted in India, has not disclosed the information required to
be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any
material misstatement.

Regd. Office: India Bulls Finance Centre, Tower 3, 27th – 32nd Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-
400013, Maharashtra, India. (LLP Identification No. AAB-8737)
6. We did not review the interim financial information of four subsidiaries and one controlled trust viz. Jubilant
FoodWorks Lanka Private Limited, Jubilant Golden Harvest Limited, JFL Employees Welfare Trust, Jubilant
FoodWorks Netherland B.V. and Fides Food Systems Coöperatief U.A., included in the consolidated
unaudited financial results, whose interim financial information reflect total revenues of Rs. 1,537.26 lakhs,
total net loss after tax of Rs. 175.41 lakhs and total comprehensive loss of Rs. 175.90 lakhs for the quarter
ended June 30, 2021, as considered in the Statement. These interim financial information have been
reviewed by other auditors whose reports have been furnished to us by the Management and our
conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of
these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by
us as stated in paragraph 3 above.

Our conclusion on the Statement is not modified in respect of the above matter.

7. (i) As stated in Note 5 to the consolidated financial results, in the case of one foreign associate, the Group
has opted to account for the investment in the associate on equity method considering a lag of three
months period after making necessary adjustment for material transaction from the latest financials of the
associate upto the reporting period of the Group.

(ii) The consolidated unaudited financial results for the quarter ended June 30, 2021, also includes the
Group’s share of profit after tax of Rs. 856.25 lakhs and total comprehensive income of Rs. 589.90 lakhs,
as considered in the Statement, in respect of one foreign associate viz DP Eurasia N.V. (associate) based
on their interim financial information which have not been reviewed by their auditors. According to the
information and explanations given to us by the Management, these interim financial information are not
material to the Group.

Our conclusion on the Statement is not modified in respect of the interim financial information certified by
the management and above matters.

For DELOITTE HASKINS & SELLS LLP

Chartered Accountants
(Firm’s Registration No. 117366W/W-100018)
Digitally signed by
RAJESH RAJESH KUMAR
KUMAR AGARWAL
Date: 2021.07.21
AGARWAL 13:24:29 +05'30'

Rajesh Kumar Agarwal

Partner
(Membership No. 105546)
UDIN: 21105546AAAAEH1690
Place: New Delhi
Date: July 21, 2021
 JUBILANT FOODWORKS LIMITED
CIN NO. L7489 9UP1995PLC043677
Regd. Office : Plot No. 1A, Sector- 16A, Nolda - 201301 (U.P)
Corporate Office-5th Floor, Tower D, Plot No. 5, Loglx Techno Park, Sector-127, Noida- 201304 (U.P)
Contact No: +91-120-4090500, Fax No: +91-120-4090599, E-mail: [email protected] , website : www.jubllantfoodworks.com
STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2021
(Figures-lNR in Lakhs , Unless Otherwise Stated)

Particulars For th e quarter ended For the year

ended
30th June 31 st March 30th June 31st March
2021 2021 2020 2021
Unaudited Refer Note 3 Unaudited Audited
I. Income
Revenue from operations 89,318.83 1,03,785.63 38 ,841 .01 3,31,187.13
Other income 816.58 1,292.03 1,292 .68 7,307.77
Total Income 90 135.41 1 05 077.66 40 133.69 3 38 494.90

II. Expenses
Cost of raw materials consumed 19,085.45 21 ,857.01 7,923.22 68 ,071.74
Purchase of traded qoods 1,274.96 1,465.07 615.18 4,685.98
Chances in inventories of material-in-oroaress and traded aoods 66.12 104.67 16.33 (133.66)
Emolovee benefit expenses 16,878.41 20 ,265.65 15,255.79 74 ,687.86
Finance costs 4,235.95 3,753. 87 4,241 .70 16,269.78
Depreciation and amortisation.expense 9, 125.47 8,786.83 9,277.21 37,539.82
Other expenses (Refer Note 1) 30,785.13 35,037.09 12,573.96 1,06,755.97
Total expenses 81 451.49 91 270.19 49 903.39 3 07 877.49

Ill. Profit/ (loss) before share of net profit of associate, exceptional 8,683.92 13,807.47 (9,769.70) 30,617.41
items and tax (I - II)

IV. Share of net profit of associate (Refer Note 6) 856.25 -

V. Profit/ (loss) before exceotlonal Items and tax 1111 + IV) 9 540.17 13807.47 (9 769.70 30 617.41

VI. Exceptional Items (Refer Note 51 558.44 - - -

VII. Profit/ Closs\ before tax IV- Vil 8981.73 13 807.47 (9 769.70 30 617.41

VIII. Tax expense

Current tax exoense 2,008 .32 3,924.00 8.53 9,31 3.25
Deferred tax expense/ (credit) 67.14 (646.95 (2,330.32 (1,748 .01
Total tax expense 2 075.46 3 277.05 (2321.79 7 565.24

IX. Profit/ (loss\ for the period/ year (VII - VIII) 6 906.27 10 530.42 (7 447.91 23 052.17

X. Other comprehensive Income/ lexoensesl

il al Items that will not be reclassified to proftt or (loss) 14,081 .16 9,087.15 (537.51 8, 770.65
b) Income tax relating to items that will not be reclassified to profit or (1,595.23) (1,048.72) 134.83 (971 .14)
(loss)
c) Share of other comprehensive income of associ ate (Refer Note 6) (266.35) - - -
ii) Items that will be reclassified to profit or (loss) 68.23 (310.01 64.51 (329.44
Total other comprehensive Income/ (expenses) net of tax 12 287.81 7 728.42 (338.17 7 470.07

XI. Total comprehensive income, net of tax for the period/ year (IX+ 19,194.08 18,258.84 (7,786.08) 30,522.24
Xl
Profit/ (loss) for the period/ year attributable to:
Owners of the parent 6, 951.69 10,541 .62 (7,389.52 23,166.66
Non-controlling interest (45.42) (11 .20 (58.39 (114.49)
6 906.27 10 530.42 (1447.91 23 052.17
Other comprehensive Income/ lexoensesl attributable to:
Owners of the parent 12,275.90 7,729.61 (347.92 7,485.71
Non-controlling interest 11 .91 (1 .19 9.75 (15.64)
12 287.81 7 728.42 (338.17 7 470.07
Total comorehenslve Income attributable to :
Owners of the parent 19,227.59 18,271.23 (7,737.44 30,652.37
Non-controllina interest (33.51 ) (12.39 (48.64 (130. 13
19 194.08 18 258.84 (7 786.08' 30 522.24
Paid-up equity share capital (par value of INR 1o each fully paid) 13,196.90 13,196.90 13,196.90 13,196.90
Other eaultv 129485.78

Earnings per equity share (par value of INR 10 each) (not annualised)

i) Basic (in INR) 5.27 7.99 (5.60 17.55

ii) Diluted (in INR) 5.27 7.99 (5.60 17.55
See accompanying notes to the consolidated results
-1-
 Notes :
Consequential to COVID 19 pandemic the Group has negotiated several rent concessions. In view of recent amendments by the Companies
(Indian Accounting Standards) Amendment Rules, 2020 , the Group has elected, as a practical expedient, not to assess these rent
concessions as lease modifications and has recognized impact of such rent concession in Statement of Profit and Loss . The election is made
for all such rent concessions as these satisfy the conditions mentioned in Para 46A and Para 46B of Ind AS 116 (as amended). During the
quarters ended 30th June 2021 , 31st March 2021, 30th June 2020 and year ended 31st March 2021 the Group has negotiated rent
concessions of INR 895.90 lakhs, INR 788.78 lakhs, INR 2,965.80 lakhs and INR 6,835.92 lakhs respectively. The Rent expense for the
quarters ended 30th June 2021 , 31st March 2021 , 30th June 2020 and year ended 31st March 2021 were INR 1,750.13 lakhs, INR 2,956.44
lakhs, INR 935.64 lakhs and INR 8,039.13 lakhs respectively. After netting off with the aforesaid rent concessions , the net rent expense/
(credit) for the quarters ended 30th June 2021 , 31st March 2021 , 30th June 2020 and year ended 31st March 2021 were INR 854.23 lakhs ,
INR 2,167.66 lakhs, INR (2,030.16) lakhs and INR 1,203.21 lakhs respectively and has been included under Other expenses.

2 Segment Reporting : The Group's business activity falls within a single business segment i.e. Food and Beverages in terms of Ind AS 108 on
Segment Reporting.

3 The figures for the quarter ended 31st March, 2021 in the previous financial year, as reported in these consolidated unaudited financial results,
are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures upto the
end of third quarter of the previous financial year. Also, the figures upto the end of the third quarter of the previous financial year had only been
reviewed and not subjected to audit.

4 The COVID- 19 situation across the countries affected the normal dine-in operations of the restaurants resulting in lower sales . However the
Group has taken various measures to protect profit margins. The Group has made detailed assessments of its liquidity position for the next
one year and of the recoverability and carrying values of all its assets and liabilrties as at 30th June 2021 and on the basis of evaluation based
on the current estimates has concluded that no material adjustments is required in the consolidated unaudited financial results.
Given the uncertainties associated with nature, condition and duration of COVID- 19, the impact assessment on the Group's financial
statements will be continuously made and provided for as required.

5 Exceptional items during the quarter includes costs of INR 558.44 lakhs incurred by the Group to support its employees, associates and their
dependents during Covid 19 pandemic. These includes assistance to fam ilies of deceased employees and associates, vaccination of
employees, associates and their dependents, quarantine facilities for Covid impacted employees and associates, etc.

6 During the previous quarter, the Parent Company had invested in DP Eurasia N.V. ("DP Eurasia") through its subsidiary in the Netherlands.
The financial year end date of DP Eurasia is 31 December. DP Eurasia is a listed company on the London Stock Exchange and is required to
publish its financial results on half yearly basis (viz. December and June). As allowed under Ind AS 28 "Investment in Associates and Joint
Ventures", the Group has opted to account for the investment in the associate on equity method considering a lag of three months period after
making necessary adjustment for material transaction from the latest financial of the associate upto the reporting period of the Group.

On the date of acquisition i.e. 9th March, 2021 , the Group has considered the transaction price i.e. INR 25,274.46 lakhs to be the fair value as
against the Group's share of net assets value acquired of INR 396.00 lakhs (based upon book values of financial statements as of 31st
December, 2020).
The management is in the process of finalizing the purchase price allocation for the net assets (including identified intangible assets) acquired
of the associate and hence the determination of goodwill/ capital reserve will be dependent upon the finalization of purchase price allocation.

7 These unaudited financial results have been prepared in accordance with the recognition and measurement principles as laid down in the
Indian Accounting Standards (referred to as "Ind AS") prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian
Accounting Standards) Rules as amended from time to time. The above consolidated unaudited financial results were reviewed by the Audit
Committee and approved by the Board of Directors of the Company at their meetings held on 21st July 2021. The statutory auditor's report on
review of quarterly unaudited consolidated financial results for the quarter ended 30th June 2021 is being filed with the BSE Limited and
National Stock Exchange of India Limited. For more details on unaudited consolidated financial results, visit Investors section of our website at
www.jubilantfoodworks.com and Financial Results at Corporates Section of www.nseindia.com and www.bseindia.com.

For and on behalf of the Board of Directors of

JUBILANT FOODWORKS LIMITED
SHYAM Digllaltyslgned
bySHYAM
SUNDER SUNDERBHARTIA
BHARTIA ~:,~!~ -.10~~3~)
1 2

Place: Deihl SHY AM S. BHARTIA

Date: 21st July 2021 CHAIRMAN & DIRECTOR
DIN No. 00010484

-2-
 Jubilant Foodworks Limited
Press Release - Financial Results for Q1 FY22

Noida, 21st July, 2021 – The Board of Directors of Jubilant Foodworks Limited today approved the financial results for the
quarter ended June, 2021.

Performance Highlights – Q1 FY22 vs. same period last year

• Revenue from Operations at Rs. 8,790 million, higher by 131.1%

• EBITDA came in at Rs. 2,115 million; EBITDA margin was 24.1%

• Profit After Tax came in at Rs. 626 million; Profit margin was 7.1%
• Opened 29 new stores despite on-ground disruption caused by second-wave of Covid-19
o This includes 20 new Domino’s stores and 3 new stores each for Hong’s Kitchen, Ekdum! and Dunkin’ Donuts

• App downloads continue to be high at 6.8 million

• Stepped up Company support under “Covid Care” by offering requisite healthcare, financial and operational assistance
to all our employees and their families

• Towards a safer, healthier, vaccinated India

o Launched a nationwide campaign, #HaathBadhaoIndia #VaccineLagaoIndia, which urges everyone to come
together and get vaccinated for a better, brighter tomorrow

Revenue from Operations in Q1 FY22 stood at Rs. 8,790 million, a growth of 131.1% over same period last year. This was
driven by Domino’s LFL Sales growth of 120.4% and SSG of 114.2%. The growth in Delivery channel, which grew by
123.7%, mitigated the impact on account of Dine-in channel being shut for a long time and mobility restrictions impacting
the takeaway channel.

EBITDA came in at Rs. 2,115 million in Q1 FY22 and EBITDA margin was 24.1%. Profit After Tax came in at Rs. 626
million and Profit margin was 7.1%.

Commenting on the performance for Q1 FY22, Mr. Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co-Chairman,
Jubilant Foodworks Limited said,

“Q1 FY22 was one of the most challenging quarters with the sudden onslaught of the second wave of the pandemic. Given
the severity of the situation, our most important priority during the quarter was to support our employees and their families.
We are extremely proud of the manner in which the team came together to deliver a strong and resilient performance.
With vaccinations well under way, we believe that the worst is behind us and we are confident of delivering strong,
sustained growth in the periods ahead.”

Commenting on the performance for Q1 FY22, Mr. Pratik Pota, CEO and Wholetime Director, Jubilant Foodworks
Limited said,

“Q1 FY22 was a true test of character and I am pleased with our gritty performance. Led by growth in our own digital
assets and the Delivery channel, our overall revenues grew by a strong 131.1%. A disciplined control on costs led to
healthy EBITDA margins. Our business model has emerged stronger from the pandemic and we are looking ahead with
optimism, confident of delivering hyper growth and transforming into a food-tech powerhouse.”

1 | Page Jubilant Foodworks Limited – Q1 FY22 Press Release

Store Matrix
Domino’s Pizza
Particulars Q1 FY22 Q1 FY21
SSG* 114.2% (61.4)%
Like-for-Like Growth** 120.4% (61.5)%
Network
Restaurant at the beginning of the period 1,360 1,335
New Restaurants 20 24
Closed restaurants 0 5
Restaurants at the end of the period 1,380 1,354
Number of New Cities added 5 6
th
1,380 restaurants as of 30 June, 2021 across 298 cities
Online data
Particulars Q1 FY22 Q1 FY21
OLO to Delivery Sales % 98.9% 99.1%
Mobile Ordering sales to OLO % 97.7% 97.9%
App Download Count cum. (in mn) 64.1 37.5
* “Same store growth” (SSG) refers to the year-over-year growth in sales for restaurants opened before previous financial year
** “Like-for-like” (LFL) Sales Growth refers to the year-over-year growth in sales for non-split restaurants opened before previous financial year

Dunkin’ Donuts
Network
Particulars Q1 FY22 Q1 FY21
Restaurant at the beginning of the period 24 34
New Restaurants 3 0
Closed restaurants 0 4
Restaurants at the end of the period 27 30

New Brands – Hong’s Kitchen and Ekdum!

Network
Particulars Q1 FY22 Q1 FY21
Restaurant at the beginning of the period 12 4
New Restaurants 6 0
Closed restaurants 0 0
Restaurants at the end of the period 18 4

Note:
1. All financial data in this presentation is derived from reviewed standalone IND-AS financial statements
2. Figures have been rounded off for the purpose of reporting

2 | Page Jubilant Foodworks Limited – Q1 FY22 Press Release

About Jubilant Foodworks Limited*:
Jubilant Foodworks Limited (JFL/Company) is part of Jubilant Bhartia group and is India’s largest foodservice Company.
Its Domino’s Pizza franchise extends across a network of 1,380 restaurants in 298 cities. The Company has the exclusive
rights to develop and operate Domino’s Pizza brand in India, Sri Lanka, Bangladesh and Nepal. At present, it operates in
India, and through its subsidiary companies in Sri Lanka and Bangladesh. The Company also enjoys exclusive rights to
develop and operate Dunkin’ Donuts restaurants in India, has in operation 27 restaurants across 8 cities in India. JFL has
ventured into Chinese cuisine segment with its first owned restaurant brand, ‘Hong’s Kitchen’, which now has 11
restaurants across 3 cities. Recently, the Company has added Indian cuisine of biryani, kebabs, breads and more to the
portfolio by launching Ekdum! which now has 7 restaurants across 3 cities. The Company has exclusive rights to develop
and operate Popeyes® restaurants in India, Bangladesh, Nepal and Bhutan. In accordance with shifting consumption
habits, the Company has forayed into the ready-to-cook segment with ‘ChefBoss’.
Note: *Details updated as on June 30, 2021

Corporate Identification No.: L74899UP1995PLC043677

Investor e-mail id: [email protected]
Regd. Office: Plot 1A, Sector 16A, Institutional Area, Noida-201301, U.P.
Corporate Office: 5th Floor, Tower D, Plot No. 5, Logix Techno Park, Sector 127, Noida 201304, U.P.
Website: www.jubilantfoodworks.com, www.dominos.co.in, www.hongskitchen.in, https://ekdum.co.in/, www.chefboss.com

For further information please contact:

Ashish Goenka / Deepak Jajodia / Lakshya Sharma Siddharth Rangnekar / Nishid Solanki
Jubilant Foodworks Limited CDR, India

Tel: +91 120 4090 500 Tel: +91 22 66451209 / 1221

Fax: +91 120 4090 599 Fax: +91 22 66451213
E-mail: [email protected] Email: [email protected]
[email protected] [email protected]
[email protected]

Disclaimer
Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to
certain risks and uncertainties like government actions, local political or economic developments, technological risks, and
many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-
looking statements. Jubilant Foodworks Limited will not be in any way responsible for any action taken based on such
statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events
or circumstances.

3 | Page Jubilant Foodworks Limited – Q1 FY22 Press Release

Q1 FY22 Earnings Presentation
21st July, 2021
 2

• Revenue from Operations at Rs. 8,790 mn, higher by 131.1%

• Domino’s delivered a sales growth of 131.4%:
o Delivery channel grew by 123.7%

• EBITDA came in at Rs. 2,115 mn; EBITDA Margin was 24.1%

• PAT came in at Rs. 626 mn; PAT Margin was 7.1%

• Opened 29 new stores:

o 20 new stores of Domino’s Pizza
HIGHLIGHTS o 9 new stores - 3 each for Hong’s Kitchen, Ekdum! and Dunkin’ Donuts
HIGHLIGHTS
Q1 FY22*
Q4 FY18 • Stepped up Company support under “Covid Care” by offering requisite healthcare,
financial and operational assistance to all our employees and their families
• Launched nationwide campaign, #HaathBadhaoIndia #VaccineLagaoIndia, which urges
everyone to come together and get vaccinated for a better, brighter tomorrow

• Average OLO contribution to delivery sales at 98.9%

• App downloads continue to be high at 6.8 mn

Note: *vs. prior year

 3
Expansive Covid Care initiatives for our Employees and Their Dependents
 4
Towards a Safer, Vaccinated Ecosystem to India – Haath Badao India, Vaccine Lagao India

#HaathBadhaoIndia #VaccineLagaoIndia Commercial Link

 5
Added New Excitement to our Sides Menu
 6
Domino’s Sales Recovery Trends
System Sales Recovery vs. FY 2019-20

114.8%
100.3% 94.0% 94.4% 99.5%
82.3% 176.9%
87.7%
164.3% 155.8%
149.8% 149.1% 153.0%
137.4%
128.7% 127.0%
118.5% 115.9%
40.5% 105.8% 97.2% 99.9%
78.0%
66.7% 64.4%
54.3% 50.9% 56.4%
43.1% 41.6% 36.6% 42.4%
26.5% 16.7%
13.6% 17.5% 12.3% 9.6%
2.1% 1.1%

Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 April '21* May '21* June '21*

Like-for-like(LFL) Sales Recovery vs. FY 2019-20

(Restaurants temporarily closed due to Covid-19 removed from respective months in last year)

115.1%
101.4% 98.5%
86.9%
174.2%
156.2% 163.8% 92.9% 90.3% 89.5%
146.8% 141.0%
138.6%
126.8% 127.5% 122.8%
117.4%
52.7% 106.6% 99.7% 105.0%
95.2%
77.2% 80.5%
60.7% 67.5%
55.0% 55.8%
43.6% 38.3% 49.4% 45.4%
19.8% 20.1% 26.7% 18.5%
13.4% 10.9%
3.3% 1.3%

Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 April '21* May '21* June '21*
Delivery Takeaway Dine In Dine-In + Takeaway Overall
6 Note: *The comparison is with the respective period of FY 2019-20(being a normalized year)
 7
Result Trends

Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22

JFL System Revenue Growth (59.5)% (18.5)% (0.2)% 14.3% 131.1%

Domino’s LFL Gr (%)* (61.5)% (18.8)% (0.2)% 13.7% 120.4%

Domino’s SSG (%)** (61.4)% (20.0)% (1.7)% 11.8% 114.2%

RESULTS
TREND EBITDA Margin (%) 6.3% 26.7% 26.4% 24.3% 24.1%
STANDALONE
PAT Margin (%) (19.1)% 9.5% 11.8% 10.2% 7.1%

* “Like-for-like” (LFL) Sales Growth refers to the year-over-year growth in sales for non-split restaurants opened before previous financial year

** “Same store” sales growth (SSG) refers to the year-over-year growth in sales for restaurants opened before previous financial year
 8
Domino’s Pizza Network

Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22

Restaurant at the beginning of the period 1,335 1,354 1,264 1,314 1,360

New Restaurants 24 10 50 50 20

Closed restaurants 5 100 0 4 0

HIGHLIGHTS Restaurants at the end of the period 1,354 1,264 1,314 1,360 1,380

DOMINO’S
PIZZA City/Town Coverage
298
RESTAURANT
293
NETWORK
288
285
281

Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22

 9

Online Ordering (OLO)

Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22

Average OLO contribution to delivery sales 99.1% 98.5% 98.2% 98.2% 98.9%

2 new city added in Q1 FY19

Mobile Ordering sales contribution to overall OLO 97.9% 97.6% 97.5% 97.4% 97.7%

Downloads of mobile ordering App (cum.) 37.5 mn 43.8 mn 51.2 mn 57.3 mn 64.1 mn
 10
International Highlights

Domino’s Sri Lanka • Opened 2 new stores

(28 stores)
• Overall system sales growth in Q1: 55.4%
o Delivery sales growth: 45.6%
o Takeaway sales growth: 86.8%
o Dine-in sales growth: 124.2%
• Average OLO contribution to delivery sales(%):

Q1 FY21 Q1 FY22
28.0% 50.6%

INTERNATIONAL
Domino’s Bangladesh
OPERATIONS (7 stores)
• Opened 2 new stores
Q1FY22* • Overall system sales growth in Q1: 111.2%
o Delivery sales growth: 79.5%
o Takeaway sales growth: 74.6%
• Average OLO contribution to delivery sales(%):

Q1 FY21 Q1 FY22
69.5% 67.9%

Note: *vs. prior year

 11

Dunkin’ Donuts Network

Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22

Restaurant at the beginning of the period 34 30 26 27 24

New Restaurants 0 1 2 1 3

Closed restaurants 4 5 1 4 0

Restaurants at the end of the period 30 26 27 24 27

HIGHLIGHTS

New Brands – Hong’s Kitchen and Ekdum! Network

DUNKIN’ DONUTS,
HONG’S KITCHEN
AND EKDUM! Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22

Restaurant at the beginning of the period 4 4 5 10 12

RESTAURANT
New Restaurants 0 1 5 2 6
NETWORK
Closed restaurants 0 0 0 0 0

Restaurants at the end of the period 4 5 10 12 18

 12

MANAGEMENT VIEWS

Commenting on the performance for Q1 FY22, Mr. Shyam S. Bhartia, Commenting on the performance for Q1 FY22, Mr. Pratik Pota, CEO and
Chairman and Mr. Hari S. Bhartia, Co-Chairman, Jubilant Foodworks Wholetime Director, Jubilant Foodworks Limited said,
Limited said,

“Q1 FY22 was one of the most challenging quarters with the sudden “Q1 FY22 was a true test of character and I am pleased with our gritty
onslaught of the second wave of the pandemic. Given the severity of the performance. Led by growth in our own digital assets and the Delivery
situation, our most important priority during the quarter was to support channel, our overall revenues grew by a strong 131.1%. A disciplined
our employees and their families. We are extremely proud of the manner control on costs led to healthy EBITDA margins. Our business model has
in which the team came together to deliver a strong and resilient emerged stronger from the pandemic and we are looking ahead with
performance. With vaccinations well under way, we believe that the worst optimism, confident of delivering hyper growth and transforming into a
is behind us and we are confident of delivering strong, sustained growth food-tech powerhouse.”
in the periods ahead.”
 13
Quarterly Standalone Financials

Particulars (Rs. mn) Q1 FY22 Q1 FY21 Growth%

Revenue from operations 8,790 3,803 131.1%
Other Income 80 127 -36.7%
Total Income 8,870 3,930 125.7%
Raw Material and Beverage Cost 2,002 836 139.5%
Gross Profit 6,788 2,967 128.8%
Margins1 77.2% 78.0%
Personnel Expenses 1,650 1,499 10.1%
Manufacturing and Other Expenses 3,023 1,228 146.2%
Total Expenditure 6,675 3,562 87.4%
EBITDA 2,115 241 778.7%
Margins1 24.1% 6.3%
RESULTS Interest Cost 418 419 -0.2%
Depreciation 890 908 -2.0%
HIGHLIGHTS Exceptional Items2 56 0 n.a
PBT 831 -959 n.a
Margins1 9.5% -25.2%
Tax 206 -233 n.a
PAT 626 -726 n.a
Margins1 7.1% -19.1%
Note:
1. Margins are computed using revenue from operations
2. Exceptional items during the quarter includes costs of Rs. 55.8 million incurred by the Company to support its employees and their dependents during Covid 19 pandemic. These includes assistance to
families of deceased employees, vaccination of employees and their dependents, quarantine facilities for Covid impacted employees, etc.
 14
Quarterly Consolidated Financials

Particulars (Rs. mn) Q1 FY22 Q1 FY21 Growth%

Revenue from operations 8,932 3,884 130.0%
Other Income 82 129 -36.8%
Total Income 9,014 4,013 124.6%
Raw Material and Beverage Cost 2,043 855 138.8%
Gross Profit 6,889 3,029 127.5%
Margins1 77.1% 78.0%
Personnel Expenses 1,688 1,526 10.6%
Manufacturing and Other Expenses 3,079 1,257 144.8%
Total Expenditure 6,809 3,638 87.1%
EBITDA 2,123 246 764.2%
Margins1 23.8% 6.3%
Interest Cost 424 424 -0.1%
RESULTS Depreciation 913 928 -1.6%
Share of Profit in Associate 86 0 n.a
HIGHLIGHTS Exceptional Items2 56 0 n.a
PBT 898 -977 n.a
Margins1 10.1% -25.2%
Tax 208 -232 n.a
PAT 691 -745 n.a
Margins1 7.7% -19.2%
Note:
1. Margins are computed using revenue from operations
2. Exceptional items during the quarter includes costs of Rs. 55.8 million incurred by the Group to support its employees and their dependents during Covid 19 pandemic. These includes assistance to
families of deceased employees, vaccination of employees and their dependents, quarantine facilities for Covid impacted employees, etc.
 15

KEY FOCUS AREAS

Journey To A Food Tech Powerhouse

From Recovery To Hyper-Growth

Digital

Innovation Digital and

Dominant Grow Build New
and Data
Domino’s International Brand
Value Focus Strengths
Portfolio

Process Productivity Partnerships

Capability and Culture

 16
Jubilant Foodworks Limited (JFL/Company) is part of Jubilant Bhartia group and is India’s largest foodservice Company. Its Domino’s Pizza franchise
extends across a network of 1,380 restaurants in 298 cities. The Company has the exclusive rights to develop and operate Domino’s Pizza brand in
India, Sri Lanka, Bangladesh and Nepal. At present, it operates in India, and through its subsidiary companies in Sri Lanka and Bangladesh. The
Company also enjoys exclusive rights to develop and operate Dunkin’ Donuts restaurants in India, has in operation 27 restaurants across 8 cities in
India. JFL has ventured into Chinese cuisine segment with its first owned restaurant brand, ‘Hong’s Kitchen’, which now has 11 restaurants across 3
cities. Recently, the Company has added Indian cuisine of biryani, kebabs, breads and more to the portfolio by launching Ekdum! which now has 7
restaurants across 3 cities. The Company has exclusive rights to develop and operate Popeyes® restaurants in India, Bangladesh, Nepal and Bhutan.
In accordance with shifting consumption habits, the Company has forayed into the ready-to-cook segment with ‘ChefBoss’.

Corporate Identification No: L74899UP1995PLC043677

Investor e-mail id: [email protected]
ABOUT Regd. Office: Plot 1A, Sector 16A, Institutional Area, Noida-201301, U.P.
JUBILANT Corporate Office: 5th Floor, Tower D, Plot No. 5, Logix Techno Park, Sector 127, Noida 201304, U.P.

FOODWORKS Website : www.jubilantfoodworks.com, www.dominos.co.in, www.hongskitchen.in, https://ekdum.co.in/, www.chefboss.com

LIMITED* Ashish Goenka / Siddharth Rangnekar / Nishid Solanki

Deepak Jajodia / Lakshya Sharma
Jubilant Foodworks Limited CDR, India
Tel: +91 120 4090 500 Tel: +91 22 6645 1209 / 1221
Fax: +91 120 4090 599 Fax: +91 22 6645 1213
Email: [email protected] Email: [email protected]
[email protected] [email protected]
[email protected]

Note: 1. All financial data in this presentation is derived from reviewed standalone IND-AS financial statements
2. Due to rounding-off, the financial figures may not recalculate exactly
Disclaimer
Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic
developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. JFL will not be in any way
responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances

Note: *as on June 30, 2021

16