Domino's India operator reports drop in quarterly profit on higher expenses

Reuters
12 Feb
Domino's India operator reports drop in quarterly profit on higher expenses

Feb 12 (Reuters) - India's Jubilant Foodworks JUBI.NS reported a drop in third-quarter profit on Wednesday, as the Domino's Pizza DPZ.N franchisee's margins were dented by higher wage costs as well as raw materials such as vegetable and meat.

Jubilant reported profit of 429.1 million rupees for the quarter ended December 31, compared to a year ago profit of 657.09 million rupees

(Reporting by Ananta Agarwal in Bengaluru; Editing by Eileen Soreng)

((Ananta.agarwal@thomsonreuters.com;))

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