Can you give me a quick snapshot of the big results of Havells and Jubilant Foods announced on 20-October?

Let me talk about Jubilant Foodworks, the company behind Domino’s Pizza and Dunkin Donuts in India. The company reported 36.7% growth in sales for Sep-21 quarter at Rs.1,116 crore. The revenue boost came on the back of solid growth in in-store sales with normalcy returning to operations as well as solid growth in home delivery sales. Same store numbers were also higher, showing greater focus on profits.

Jubilant recorded 76% growth in operating profits at Rs.195 crore on higher same store sales and also better inventory efficiencies. Operating margins improved from 13.6% to 17.46% in the quarter on a yoy basis. As a result, the net profits grew 58.2% yoy to Rs.120 crore. For the quarter, the net margins at 10.77% were a spike over 9.31% in Sep-20 quarter. The company is playing the QSR recovery quite effectively.

Let me now turn to Havells. The company recorded 31.7% growth in sales for the Sep-21 quarter at Rs.3,238 crore. In terms of specific verticals of the company, it saw switchgears business revenues grow 13% at Rs.448 crore while cables business revenues grew 18.3% at Rs.1,144 crore. In addition, the lightings and fixtures vertical grew by 32% while even the problem child Lloyds consumer business grew 23.5% in the quarter.

However, there was subdued operating profit growth due to sharp spike in raw material costs which was up by 50% yoy. This was on account of supply chain constraints. Profits of all the verticals were flat with only the Lloyds consumer business dipping into operating losses. Net profits were down -7.34% yoy at Rs.302 crore due to the impact of higher material costs and also higher financing costs. Net margins at 9.34% were lower than 13.27% in Sep-20 quarter albeit slightly better on sequential basis.