Jubilant FoodWorks scales record high

Jubilant Foodworks rose 1.57% to Rs 1,916.10 at 15:12 IST on BSE after a foreign brokerage reportedly reiterated buy rating on the stock.

Meanwhile, the S&P BSE Sensex was up 109.80 points or 0.39% at 28,055.60

On BSE, so far 28,215 shares were traded in the counter as against average daily volume of 24,065 shares in the past one quarter.

The stock hit a record high of Rs 1,935.90 in intraday trade today, 3 July 2015. The stock hit a low of Rs 1,897.40 so far during the day. The stock had hit a 52-week low of Rs 1,107.70 on 8 August 2014.

The stock had outperformed the market over the past one month till 2 July 2015, rising 7.52% compared with 2.79% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 27.69% as against Sensex's 1.11% decline.

The large-cap company has equity capital of Rs 65.64 crore. Face value per share is Rs 10.

The foreign brokerage reportedly said that Jubilant Foodworks stands out among its peers due to its widest reach in tier 2/3 cities, leadership in the delivery segment, especially in metro cities, proven supply chain and strong balance sheet. The brokerage expects same store sales growth (SSSG) and margins healthy growth in Q1 June 2015 stating that Quick Service Restaurants (QSR) industry is close to a cyclical resurgence and the Domino's franchise owner will be a key beneficiary, the brokerage reportedly said.

Jubilant FoodWorks' net profit rose 26.4% to Rs 31.53 crore on 25% growth in net sales to Rs 542.01 crore in Q4 March 2015 over Q4 March 2014.

Jubilant FoodWorks and its subsidiary operates Domino's Pizza brand with the exclusive rights for India, Nepal, Bangladesh and Sri Lanka. The company is India's largest and fastest growing food service company, with a network of 887 Domino's Pizza restaurants (as of 14 May 2015).

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