Jubilant FoodWorks shares settle 12% up on higher profit

Stocks of Jubilant FoodWorks ended with nearly 12 per cent gains after the company reported 26.37 per cent jump in standalone net profit for the quarter ended March 31.
The stock ended the day with a sharp gain of 11.36 per cent at Rs 1,747.90 on the BSE. During the day, it jumped 13 per cent to Rs 1,774 -- its 52-week high.
At the NSE, the scrip zoomed 11.86 per cent to settle at Rs 1,752.20.
The company's market vale rose by Rs 1,169.94 crore to Rs 11,460.94 crore.
In terms of volume, 3.46 lakh shares of the company changed hands at the BSE and over 29 lakh shares were traded at the NSE during the day.

Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains in India, had yesterday reported 26.37 per cent jump in standalone net profit at Rs 31.53 crore for the quarter ended March 31.

The company had posted a net profit of Rs 24.95 crore in the same period of previous fiscal.
Net sales rose 25 per cent to Rs 542 crore during the fourth quarter as against Rs 433.65 crore in the year-ago period.
For the full year, the company posted 6 per cent fall in consolidated net profit at Rs 111.08 crore as against Rs 118.24 crore in previous fiscal.

Net sales jumped by about 21 per cent to Rs 2,092.38 crore from Rs 1,736 crore in the period under review.
Meanwhile, the company's board has recommended a dividend of Rs 2.5 per equity share of Rs 10 each for 2014-15 fiscal.