Jubilant Foodwork hit a new high on the back of its positive set of numbers for Q4FY15. For Q4FY15, the company posted a 26% (YoY) rise in net profit at Rs.31 crore on a 25% jump in net sales at Rs.434 crore. This has beaten most of the estimates and more importantly, FIIs have started upgrading the stock. Credit Suisse has already put out a report, upgrading it from Neutral to Outperform and raised the target price also from Rs.1601 to Rs.1820.

The company’s EBITDA during the quarter jumped 26% at Rs.70 crore with margins improving by a mere 10 bps to 12.9% from 12.8%. Overall costs for the company were all up – rent rose 28%, employee cost also rose 28%, raw material rose 24%. Total number of employees as on 31 March 2015 stood at 27,108 v/s 24,969 (YoY). It ended FY15 with a 6% drop in net profit at Rs.111 crore though revenue grew 21%.

What really helped the company post good growth were some of its new product launches and same-store-sales rose 7%. Online ordering (OLO) has also increased – average OLO contribution to delivery sales in Q4FY15 was around 29%, up from 18% in previous Q4 and mobile ordering sales to overall OLO was around 23% during the quarter.

During the quarter, the company opened 38 new restaurants and 150 in entire FY15. Total restaurants at end of FY15 stood at 876. As of today Domino’s Pizza has 887 restaurants in 199 cities. It has set itself a target of 150 new Domino’s Pizza restaurants in FY16 and 30 new Dunkin’ Donuts. It plans to further strengthen its OLO, which will become the biggest driver in coming months.