Jubilant FoodWorks tumbles after Q4 results

Jubilant FoodWorks lost 8.18% to Rs 1,010.30 at 15:22 IST on BSE after net profit rose 11.5% to Rs 32.71 crore on 29.3% growth in total income from operations to Rs 365.82 crore in Q4 March 2013 over Q4 March 2012.

The company announced Q4 results during trading hours today, 9 May 2013.

Meanwhile, the S&P BSE Sensex was down 34.59 points or 0.17% at 19,955.59.

On BSE, 3.23 lakh shares were traded in the counter as against average daily volume of 41,000 shares in the past two weeks.

The stock hit a low of Rs 1,000 so far during the day, which is a 52-week low for the counter. The stock hit a high of Rs 1,120 so far during the day.

Jubilant FoodWorks' (JFL) earnings before interest, taxation, depreciation and amortization (EBITDA) rose 17% to Rs 61.24 crore in Q4 March 2013 over Q4 March 2012.

JFL's net profit rose 27.9% to Rs 135.11 crore on 38.4% growth in total income from operations to Rs 1407.57 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

JFL's Domino's Pizza chain registered same store sales (SSS) growth of 7.7% year on year (YoY) in Q4 March 2014. SSS growth was 16.2% in FY 2013.

With regard to future business outlook, JFL said that expansion of stores and geographic presence will remain prime focus of the company going ahead. The company plans to expand its Domino's Pizza network by launching 125 new stores in the year ending 31 March 2014 (FY 2014). The company plans to open 18 new Dunkin' Donuts restaurants.

The company said that investment in business infrastructure will remain another key focus area. JFL plans to establish additional commissaries in FY 2014 to support and drive growth.

Jubilant FoodWorks (JFL) has a network of 576 Domino's Pizza stores (as of 31 March 2013) across 123 cities. JFL & its subsidiary operate Domino's Pizza brand with the exclusive rights for India, Sri Lanka, Bangladesh and Nepal. The company also has exclusive rights for developing and operating Dunkin' Donuts restaurants for India and has launched 10 Dunkin' Donuts restaurants in India (as of 31 March 2013).

Powered by Capital Market - Live News