Jubilant FoodWorks was up 0.31% to Rs 1,178.80 at 9:19 IST on BSE after the company announced the launch of BurgerPizza for Indian market.
The announcement was made before market hours today, 13 July 2016.Meanwhile, the S&P BSE Sensex was up 30.36 points or 0.11% at 27,838.50.
On BSE, so far 1,148 shares were traded in the counter as against average daily volume of 67,000 shares in the past two weeks. The stock hit a high of Rs 1,186.75 and a low of Rs 1,176.55 so far during the day. The stock had hit a record high of Rs 1,984 on 17 July 2015. The stock had hit a 52-week low of Rs 896.65 on 12 February 2016.
The mid-cap company has equity capital of Rs 65.84 crore. Face value per share is Rs 10.
The new BurgerPizza is an exciting innovation from Domino's and is a result of the company's focus on innovation and growth, Jubilant FoodWorks said. With BurgerPizza, the company aims to grow its share in the 'all day, individual consumption' occasion and further grow its share of the chained Indian Food Service Industry that is pegged to grow three-fold to Rs 25000 crore within five years, the company said. Starting at Rs 89, the BurgerPizza range is available in two vegetarian and two non-vegetarian variants at the 100 plus Domino's Pizza restaurants across India, Jubilant FoodWorks said. The BurgerPizza is also available for ordering on the Domino's online ordering website and the Domino's Pizza mobile app, the company said.
Jubilant FoodWorks' net profit fell 6.5% to Rs 29.47 crore on 14% rise in net sales to Rs 617.84 crore in Q4 March 2016 over Q4 March 2015.
Jubilant FoodWorks and its subsidiary operates Domino's Pizza brand with the exclusive rights for India, Nepal, Bangladesh and Sri Lanka. It operates 1,039 Domino's Pizza restaurants across 240 cities (as of 28 May 2016). The company launched Dunkin' Donuts in India in April 2012 in Delhi. The company has 74 Dunkin' Donuts restaurants in India (as of 28 May 2016).
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