This Article is From Aug 02, 2013

Jubilant Food Q1 net in line at Rs 34 crore, stock rises 3%

Jubilant Food Q1 net in line at Rs 34 crore, stock rises 3%
New Delhi:

Jubilant FoodWorks that operates Domino's Pizza and Dunkin' Donuts in India posted a net profit of Rs 34 crore in the April-June quarter, broadly in line with expectations.

A poll of brokers by NDTV had expected Jubilant FoodWorks' net profit to come in at Rs 37 crore. The company had posted a net profit of Rs 32 crore in the same period last year.

Jubilant FoodWorks' stock reacted positively after the results were announced, jumping almost 3 per cent.

At 1:28 pm the stock had however settled, marginally up by 0.52 per cent.

Jubilant FoodWorks' sales for the quarter also came in line with estimates at Rs 396 crore. The NDTV poll had expected sales to come in at Rs 406 crore. Jubilant Food had posted sales of 314 core in the year-ago period.

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