Jubilant FoodWorks gains on expansion plans

Jubilant FoodWorks rose 0.91% to Rs 1,048 at 15:08 IST on BSE after the company said it plans to open new Domino's Pizza outlets and Dunkin' Donuts restaurants to expand its footprints in the country.

The announcement was made after market hours yesterday, 13 June 2016.

Meanwhile, the BSE Sensex was down 1.34 points, or 0.01%, to 26,395.43.

On BSE, so far 36,000 shares were traded in the counter, compared with an average volume of 43.63 lakh shares in the past one quarter. The stock hit a high of Rs 1,056 and a low of Rs 1,027 so far during the day. The stock hit a record high of Rs 1,984 on 17 July 2015. The stock hit a 52-week low of Rs 896.65 on 12 February 2016. The stock had underperformed the market over the past one month till 13 June 2016, falling 12% compared with 3.56% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 9.06% as against Sensex's 7.52% rise.

The mid-cap company has an equity capital of Rs 65.84 crore. Face value per share is Rs 10.

Jubilant FoodWorks announced that it plans to open 130-140 new Domino's Pizza outlets and around 20 new Dunkin' Donuts restaurants in the current financial year ending March 2017 (FY2017) to expand its footprints in the country.

Jubilant FoodWorks' net profit fell 6.55% to Rs 29.46 crore on 14% rise in net sales to Rs 617.84 crore in Q4 March 2016 over Q4 March 2015.

Jubilant FoodWorks and its subsidiary operates Domino's Pizza brand with the exclusive rights for India, Nepal, Bangladesh and Sri Lanka. It operates 1,039 Domino's Pizza restaurants across 240 cities (as of 28 May 2016). The company launched Dunkin' Donuts in India in April 2012 in Delhi. The company has 74 Dunkin' Donuts restaurants in India (as of 28 May 2016).

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