The strategic initiatives undertaken in the past one year such as the launch of All New Domino’s, Every Day Value and sharp focus on Digital sales drove strong growth for the company, leading to a six-year high of 26.5% same store growth (SSG) for Domino’s Pizza in the quarter.
“The strong performance in Q4
FY 18 was driven by the continued success of All New Domino’s product upgrade rolled out in August and the traction of the Every Day Value pricing that provides customers attractive value for money. In addition, strong growth in online sales also contributed to overall growth, with online sales now contributing to 63% of delivery sales,” Jubilant FoodWorks
said in a release.
Meanwhile, the board has recommended issue of bonus shares in the ratio 1:1 i.e. issue of 1 bonus share for every 1 equity shares held by the shareholders of the company on record date. The board also recommended dividend of Rs 5 per equity share of Rs 10 each.
At 02:07 pm; the stock was trading 0.5% lower at Rs 2,594, as compared to 0.05% rise in the S&P BSE
Sensex. The trading volumes on the counter jumped more than seven-fold with a combined 4.12 million shares changed hands on the NSE
In past one year, the stock outperformed the market by surging 157% against 18% rise in the benchmark index.