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Jubilant FoodWorks gains 8% on strong sales recovery in December quarter

As the Covid impact abates further, the management believes that the company is in for a period of strong, sustained growth in the future

Dominos
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The company said Domino’s witnessed complete sales recovery during Q3FY21

SI Reporter Mumbai
Shares of Jubilant FoodWorks zoomed 8 per cent to Rs 2,868 in intra-day trade on the BSE on Thursday after the company reported a good operational performance in the December quarter (Q3FY21), with Ebitda earnings before interest, taxes, depreciation, and amortisation) margin improving by 243 basis points (bps) year on year (YoY) at 26.4 per cent. The fast food major runs the Domino's Pizza franchise in the country.

In Q3FY21, it reported a 21.6 percent YoY jump in its net profit to Rs 124 crore from Rs 102 crore as the firm nearly doubled its deferred tax amount to