Nov 13 (Reuters) - Domino's India operator
posted a quarterly profit that almost tripled from a year
earlier on Thursday, as demand for its affordable pizzas and
combo deals stayed strong, bucking the broader slowdown in the
quick-service food industry.
The company has stood out as a rare outperformer in an
environment where fast-food chains have struggled for over a
year to attract consumers amid fierce competition from local
rivals and only a tentative recovery in urban spending.
The company has held menu prices for most items steady for
roughly three years, and has cut costs and drove volume through
value meals, app-based delivery fee waivers and faster 20-minute
delivery promise in key cities.
Jubilant Foodworks reported a profit of 1.86 billion rupees
($21.16 million) for the quarter ended September 30, compared to
a profit a year ago of 640.5 million rupees.
Revenue from operations rose nearly 20% to 23.4 billion
rupees.
($1 = 87.8950 Indian rupees)
(Reporting by Ananta Agarwal in Bengaluru; Editing by Mrigank
Dhaniwala)