Jubilant FoodWorks rose 3.42% to Rs 1,367 at 10:15 IST on BSE after the company reassured that all its food ingredients are safe for consumption.
The company issued the clarification after market hours yesterday, 13 September 2017, with respect to news report suggesting that live bugs were found in Domino's Pizza seasoning sachet.Meanwhile, the S&P BSE Sensex was up 111.66 points or 0.35% at 32,298.07. The S&P BSE Mid-Cap index rose 145.01 points or 0.91% at 16,071.71.
On the BSE, 81,329 shares were traded on the counter so far as against the average daily volumes of 87,060 shares in the past one quarter. The stock had hit a high of Rs 1,380 and a low of Rs 1,347.05 so far during the day. The stock had hit a 52-week high of Rs 1,475 on 12 September 2017. The stock had hit a 52-week low of Rs 761 on 26 December 2016.
The mid-cap company has equity capital of Rs 65.98 crore. Face value per share is Rs 10.
Jubilant FoodWorks said that it has not received any other complaint of this nature. The news report was with respect to a consumer complaint received on 11 September 2017, regarding oregano sachets, supplied by one of its vendors, in an outlet in Gurugram. The company has since carried out a comprehensive inspection across vendors and stores and gave the above reassurance.
The company said that it values its consumers experience and would like to reassure all its consumers about best quality products, service and a great Domino's experience at all times.
Jubilant FoodWorks' net profit rose 25.5% to Rs 23.84 crore on 11.5% growth in net sales to Rs 678.82 crore in Q1 June 2017 over Q1 June 2016.
Jubilant FoodWorks is part of Jubilant Bhartia group and India's largest food service company with a network of Domino's Pizza restaurants pan India. The company & its subsidiary have the exclusive rights to develop and operate Domino's Pizza brand in India, Sri Lanka, Bangladesh and Nepal. The company also has exclusive rights for developing and operating Dunkin' Donuts restaurants for India.
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