New Delhi, Oct 30 (IANS): Jubilant Foodworks (JFL), the operator of food chains like Domino's Pizza and Dunkin' Donuts in India, Thursday reported a 12.75 percent decline, caused by higher expenses, in standalone net profit at Rs.29 crore for the second quarter ended September.

The company had recorded a net profit of Rs.33.24 crore in the same period of the last fiscal.

Net sales during the quarter in question were at Rs.501.07 crore, up 14.76 percent, as against Rs.436.6 crore in the corresponding period of last year.

JFL's total expenses in the second quarter stood at Rs.463.71 crore, an increase of 19.11 percent over Rs.389.3 crore in the same quarter of the previous fiscal.

Commenting on the result, Jubilant FoodWorks Ltd (JFL) chairman Shyam S. Bhartia and co-chairman Hari S.Bhartia said: "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 sood service industry."

The restaurant network for Domino's Pizza spans over 170 cities with 806 restaurants. JFL has also grown the network for Dunkin' Donuts across 13 cities with 38 restaurants.

Jubilant Foodworks stock closed Thursday at Rs.1,305.90 a share, 4.75 points, or 0.37 percent, higher than its previous close on the Bombay Stock Exchange (BSE).