Jubilant FoodWorks is trading higher by 4% at Rs 984, extending its yesterday’s 3% gain on reports that the company plans to foray into Bangladesh in the next one year and add two new stores in Sri Lanka in the coming months.
“The company, which runs the Dominos Pizza chain in India, has increased its target of opening new stores to around 85 stores in FY12 and remains committed to launch its first Dunkin’ Donut store in next quarter," it said in a filing to the stock exchanges.
Meanwhile, the company has posted a robust 56% year-on-year jump in net profit at Rs 29.47 crore on back of 49% growth in total income at Rs 277 crore for the third quarter ended December over the previous year. The operating profit margins improved to 18.9% in Q3FY12 as compared to 17.4% in the corresponding quarter last year.
A combined 617,346 shares have changed hands on the counter on so far on the NSE and BSE.
