Dominos India operator Jubilant Foodworks posted a massive jump in its bottom line thanks to a one-off gain.

What Happened: Jubilant Foodworks reported a net profit of ₹207.2 crore in the fourth quarter, a jump of around seven times from the ₹28.5 crore it had earned a year ago.

This profit included an exceptional gain of ₹170.1 crore from remeasurement of previously held equity interest at the acquisition date. Earlier this year, Jubilant’s wholly-owned subsidiary acquired an additional stake in DP Eurasia N.V. for ₹770 crore, resulting in a 94.33% holding as of March 31.

Revenue for the quarter stood at ₹1,572.8 crore, up 23.8% from ₹1,269.8 crore in the year-ago period.

The company recommended a dividend of ₹1.2 per share.

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Notably, Domino’s Pizza reported a slight like-for-like (LFL) growth of 0.1% for the March quarter, marking a return to positive territory after four quarters of decline. In the previous December quarter, Domino’s LFL figure had declined 2.9%.

Jubilant Foodworks’ investor presentation attributed Domino’s LFL growth to improved on-ground execution, transitioning from a four-region to a seven-region structure, quarter-on-quarter improvement in delivery times under 20 minutes, and re-imaging of the bottom decile stores.

Manging director and CEO Sameer Khetarpal noted that this turnaround was achieved through strategic interventions, including a brand revamp, refining the value proposition and targeted delivery fee waivers during periods of weak demand.

Quarterly EBITDA grew 24.7% from last year to ₹310.5 crore. The EBITDA margin was 19.7%, slightly higher than the 19.6% in the year-ago quarter.

Price Action: Shares of Jubilant Foodworks ended 0.19% lower at ₹478.55 at the end of trade on Wednesday.

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