US-based doughnut stores chain Krispy Kreme Doughnuts has reported 4.3% increase in the second quarter (Q2) of fiscal 2013 revenues to $102.1m, compared to $98m during the same quarter a year ago.
The company’s operating income for the reporting period was $9.2m, up 87%, compared to $4.9m for Q2 2012.
Net income for the three-month period ended 29 July 2012 dropped to $4.9m from $8.8m in the second quarter last year.
For the first six months of fiscal 2013, the retailer posted revenues of $210.7m, compared to $202.5m in the prior year period.
The North Carolina-based chain has partnered with hospitality group Citymax India to set up 80 Krispy Kreme outlets in the country over the next five years with an investment of INR750m ($13.6m).
Krispy Kreme intends to focus mainly on the southern and western Indian markets.
The first store under the deal will open in Bangalore in the Indian state of Karnataka in 2012.
The doughnut retailer plans to set up large format stores of 3,000-5,000ft² and smaller stores of 500-1,400ft² in high street and premium retail locations.
In May 2012, Krispy Kreme announced its plans to enter India in partnership with Bedrock Food for setting up stores in other parts of the country.
Founded in 1937, Krispy Kreme has presence in various countries across the globe, including Australia, the UK, Canada, the Philippines, Japan, China, the UAE, Qatar, Saudi Arabia and Bahrain.