Jubilant FoodWorks, the franchisee of Dominos international in India, has said that its net profit has increased lower than expected Rs. 38 crore for the quarter reported in the third quarter of the financial year.

The company said that the profits grew lower than expected due to higher expenditure and tax. Market analysts were expecting a profit of Rs. 40 crore during the quarter of the year. The company's material cost rose 45 per cent Rs 84 crore and taxes increased to Rs. 17 crore compared to Rs. 14 crore recorded in the same quarter of the year.

The lower-than-expected same-store sales (SSS) recorded a growth of 16.1 per cent for Domino's stores during the third quarter of the financial year. Analysts were expecting a growth rate of around 19-20 per cent during the quarter. The company's total operational income increased 39 percent to Rs 3,851 crore during the third quarter compared to Rs 2,770 crore during the same quarter of the previous year.

The shares of the company increased 5 per cent to Rs 1,134. The stock had opened at Rs 1,205 and hit a high of Rs 1,216 before the results were announced. A total of 860,000 shares exchanged hands so far in both the stock exchanges.