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Jubilant FoodWorks hits new high on solid Q3 performance

The stock surged 6% to Rs 2,053 after the company reported a strong Same Store Growth of 17.8% for Domino's in December quarter.

Jubilant FoodWorks hits new high on solid Q3 performance
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SI Reporter Mumbai
Jubilant FoodWorks hit a new high of Rs 2,053, up 6% on BSE in intra-day deal, after the company reported a strong Same Store Growth (SSG) of 17.8% for Domino’s as against analyst’s expectation of around 8% in December quarter (Q3FY18). The company had recorded a negative growth of 3.3% in a year ago quarter.

The company reported more than doubled net profit at Rs 660 million in Q3FY18 from Rs 200 million in the corresponding quarter of previous fiscal. Operating revenues grew 20.7% year on year (YoY) to Rs 7.95 billion over the previous year quarter.

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