Business Standard

Jubilant FoodWorks extends fall post Q3 earnings

Q3 same store sales growth of 16.1% year-on-year is lowest in last 13 quarters.

Related News

Jubilant FoodWorks has plunged almost 8% to Rs 1,045 extending its previous day’s 5.2% fall on NSE after reporting a lowest 16.1% year-on-year (YoY) growth in same store sales (SSS) in last 13 quarters during the third quarter ended December 31, 2012 (Q3).

"The food services company which operates and brand had recorded SSS growth of 19.8% in preceding quarter and 30.1% in a year ago quarter on yoy basis," according to Edelweiss Securities.

Meanwhile, the company’s gross margins fell by 23 bps YoY while higher rent costs and other expenses (mainly marketing expenses) dented EBITDA margin by 146 bps YoY, according to analyst.

The stock opened at Rs 1,126 and has seen a combined 1.05 million shares changing hands on the counter so far on both the exchanges.

 

Read more on:   
|
|

Read More

UCO Bank slips on declining net

Shares of UCO Bank has slumped after the bank posted a sharp drop in net profit for the third quarter ended December 31, 2012.

Quick Links

 

Market News

Metals fall on Opec's no-cut decision

Copper hits 8-month low on LME, bullion sheds 1%

Sebi in favor of companies formulating policy on dividends distribution

Cash-rich companies may soon have to give a justification for sitting on their cash pile

Markets end at record closing highs on rate cut hopes

The total investor wealth in Indian stock market today hit a record high of Rs 100 trillion

Sensex, Nifty end 1% higher led by rate sensitive shares

The Sensex provisionally ended up 221 points at 28,660 and the Nifty ended up 85 points at 8,579

OPEC just gave the world its biggest QE

Falling crude prices is beneficial for most of the economies around the world apart from the ones that are producing them

Back to Top