Jubilant FoodWorks up 12 pc on higher profit

Stocks of Jubilant FoodWorks surged nearly 12 per cent after the company reported a 26.37 per cent jump in standalone net profit for the quarter ended March 31.
The stock jumped 11.42 per cent to Rs 1,749 -- its 52-week high on the BSE.
At the NSE, it rallied 11.6 per cent to touch its one-year peak of Rs 1,748.
Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains in India, yesterday reported a 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 by 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 a 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.
The board also recommended a dividend of Rs 2.5 per equity share of Rs 10 each for the 2014-15 fiscal.