Jubilant FoodWorks Rallies 12% After Profit Rises To Rs 63 Crore In June Quarter

Jubilant FoodWorks Share Price: Share price of the food service company rallied 12 per cent to touch a 52-week high of Rs 3,449.90 after reporting a net profit of Rs 63 crore in June quarter

Jubilant FoodWorks Rallies 12% After Profit Rises To Rs 63 Crore In June Quarter

Shares of Jubilant FoodWorks settled 11.98 per cent higher - up 366.90 points at 3,429.70 apiece on BSE.

Share price of Jubilant FoodWorks rallied 12 per cent to touch a 52-week high of Rs 3,449.90 on Thursday, July 22, a day after the food service company announced its April-June quarter results for the financial year 2021-22. On Thursday, Jubilant FoodWorks opened on the BSE at Rs 3,215, swinging to an intra day high of Rs 3,449.90 and an intra day low of Rs 3,208.20, throughout the trading session today.

The company which owns and operates Domino's Pizza in India, reported a net profit of Rs 63 crore on a standalone basis in the first quarter of the current fiscal, compared to a net loss of Rs 72.6 crore in the corresponding quarter last year. The company's revenue from operations in the June quarter stood at Rs 879 crore, compared to Rs 380 crore in the same quarter last year, marking a growth of 131 per cent year-on-year.

During the April-June quarter, Jubilant FoodWorks opened 29 new stores, which included 20 new stores of Domino Pizza stores and three new stores each for Hong's Kitchen, Ekdum! and Dunkin' Donuts. In December 2020, the company entered the biryani segment with the rollout of its brand "Ekdum!", in line with its strategy of portfolio expansion.

“Q1 FY22 was a true test of character and I am pleased with our gritty performance. Led by growth in our own digital assets and the Delivery channel, our overall revenues grew by a strong 131.1 per cent. A disciplined control on costs led to healthy EBITDA margins,'' said Mr. Pratik Pota, CEO and Wholetime Director, Jubilant Foodworks Limited.

''Our business model has emerged stronger from the pandemic and we are looking ahead with optimism, confident of delivering hyper growth and transforming into a food-tech powerhouse,'' added Mr Pota.

On the NSE, Jubilant FoodWorks opened at Rs 3,207, witnessing an intra day high of Rs 3,513 and an intra day low of Rs 3,207, throughout the session today. Its shares settled 11.37 per cent higher at Rs 3,412.85 on the NSE.

Shares of Jubilant FoodWorks settled 11.98 per cent higher - up 366.90 points at 3,429.70 apiece on the BSE.