Jubilant FoodWorks hits new high on healthy operational performance in Q2

The company said its EBITDA margins increased by 290 basis points year-on-year at 26.7 per cent in Q2FY21

Shares of Jubilant FoodWorks hit a record high of Rs 2,475.65, soaring 6 per cent on the BSE in the intra-day trade on Friday, after the company reported a healthy operational performance for the quarter ended September 2020 (Q2FY21).

The stock has surpassed its previous high of Rs 2,465 touched on November 9, 2020. In the past three months it has gained 30 per cent as compared to a 13 per cent-rise in the S&P BSE Sensex.

In Q2FY21, Jubilant FoodWorks said its EBITDA (earnings before interest, taxes, depreciation, and amortization) margins increased by 290 basis points year-on-year (YoY) at 26.7 per