Jubilant FoodWorks announced a sharp drop in standalone net profit for the quarter ended September 2014. During the quarter, the profit of the company declined 12.75% to Rs 290.06 million from Rs 332.44 million in the same quarter last year.

Net sales for the quarter rose 14.77% to Rs 5,011.60 million, compared with Rs 4,367 million for the prior year period.

Earnings per share for the quarter stood at Rs 4.43, registering 12.97% decline over previous year period.

Commenting on the performance for Q2 & H1 FY15, Shyam S Bhartia, chairman and Hari S Bhartia, Co-Chairman, Jubilant FoodWorks said, ''In Q2 & H1 our brands extended their enviable track record of restaurant expansion across the nation, in a tough economic environment anchored by JFL's resilient business model in combination with its leading position in the Food Service industry. This has enabled us to solidify our presence and allowed us to capitalize on the ongoing opportunity as well as build a platform for future growth. Our efforts to enhance areas of menu, consumer connect, operations, and supply chain continue to contribute to our overall growth agenda.

Domino's Pizza has over the years evolved and transitioned to a proven growth concept and has rightly earned the appreciation of its millions of consumers spanning across markets, including metropolitan cities and also areas where we recently set our footprints.

Dunkin' Donuts is witnessing positive traction as we attract customers with a broad assortment of offerings and this helps us showcase our commitment to innovate and evolve our business to cater well to customers' preferences.

For the remainder of the year, we will continue monitoring macroeconomic conditions but are optimistic of improving our financial and operational performance as compared to what we have experienced in recent quarters.''

Shares of the company declined Rs 21.15, or 1.63%, to trade at Rs 1,280.00. The total volume of shares traded was 29,274 at the BSE (2.50 p.m., Thursday).