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Jubilant FoodWorks heads north after good Q1 results

Capital Market 

Jubilant FoodWorks advanced 5.58% to Rs 1,231 at 14:00 on after net profit rose 25.53% to Rs 23.84 crore on 10.62% growth in total to Rs 681.81 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during market hours today, 17 July 2017.

Meanwhile, the S&P Sensex was up 63.11 points or 0.2% at 32,083.86. The S&P Mid-Cap index declined 4.69 points or 0.03% at 15,182.72.

On the BSE, 3.48 lakh shares were traded on the counter so far as against the average daily volumes of 58,563 shares in the past one quarter. The stock had hit a high of Rs 1,242 and a low of Rs 1,161.30 so far during the day. The stock had hit a 52-week high of Rs 1,298.80 on 2 August 2016 and a 52-week low of Rs 761 on 26 December 2016.

The stock had outperformed the market over the past one month till 14 July 2017, advancing 21.19% compared with the Sensex's 2.78% rise. The stock had also outperformed the market over the past one quarter, gaining 15.05% as against the Sensex's 8.69% rise. The scrip had, however, underperformed the market over the past one year, sliding 2.3% as against the Sensex's 14.6% rise.

The mid-cap company has equity capital of Rs 65.98 crore. Face value per share is Rs 10.

Jubilant FoodWorks' President & CFO Sachin Sharma has resigned from the services of the company. His last working day will be 21 July 2017. The Board will appoint his successor in due course.

Jubilant FoodWorks is part of Jubilant Bhartia group and India's largest food service company with a network of Domino's Pizza restaurants pan India. The company & its subsidiary have the exclusive rights to develop and operate Domino's Pizza brand in India, Sri Lanka, Bangladesh and Nepal. The company also has exclusive rights for developing and operating Dunkin' Donuts restaurants for India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 17 2017. 13:59 IST