New Delhi :  Jubilant FoodWorks Ltd (JFL) reported 23.72 % decline in standalone net profit at Rs 24.95 crore for the fourth quarter ended March due to higher expenses.

The company had posted Rs 32.71 crore profit in the January-March quarter of the previous fiscal, 2012-13.        Net sales rose by 18.56 % to Rs 433.65 crore during Q4, 2013-14, from Rs 365.75 crore in the year-ago period, Jubilant FoodWorks said in a statement.

The company’s expenses during the quarter increased by 24.88 % to Rs 399.31 crore, from Rs 319.75 crore in the Q4 of last fiscal.

At present, JFL operates 749 Domino’s Pizza and 29 Dunkin’ Donuts outlets in India. Jubilant FoodWorks scrip closed at Rs 1,191.20, up 3.1 %, on the BSE.

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