Shares of Jubilant FoodWorks dropped up to 4.1 per cent on the BSE in the early hours of trading on Thursday
Jubilant FoodWorks stock is likely to test the previous swing high of Rs 543, and can extend towards Rs 549 from a short-term perspective. A stop loss of Rs 507 should be kept for the long positions
Jubilant FoodWorks, master franchisee of Domino's Pizza and Dunkin' Donuts, on Tuesday announced the appointment of Suman Hegde as the Executive Vice President and Chief Financial Officer of the company. The board of JFL, in its meeting held on Tuesday, approved the appointment of Hedge, who is presently working with the leading FMCG maker Hindustan Unilever as Vice President of Finance Beauty, Wellbeing & Personal Care, South Asia. Hedge's appointment is effective from March 1, 2024, said a statement from JFL, which is also a master franchisee of leading QSR brands such as Fried Chicken brand Popeyes and Hong's Kitchen. Commenting on the development, JFL CEO & MD Sameer Khetarpal said: "As a leader, she brings high-quality experience in customer-first thinking, ability to partner with businesses and lead high-performing teams. The appointment is in line with the company's strategic priority of building a solid yet diverse foundation of people and culture." Hedge has over 20 .
The revenue from operations for Q2FY24 came in at Rs 1,368.6 crore, compared to Rs 1,301.5 crore year-on-year
What's also worrying the Street is the likelihood of a dismal Q2FY24 performance, which they feel will be marred by soaring milk, cheese and vegetable prices, and an embargo on Ukraine's wheat exports
Jubilant FoodWorks Ltd on Wednesday reported a 70 per cent decline in consolidated net profit at Rs 28.54 crore in the March quarter, impacted by higher expenses and raw materials cost. The company had posted a consolidated net profit of Rs 96 crore in the year-ago period, Jubilant FoodWorks said in a regulatory filing. Consolidated revenue from operations in the fourth quarter was at Rs 1,269.85 crore as against Rs 1,175.97 crore in the year-ago period, it added. Total expenses were higher at Rs 1,205.15 crore as compared with Rs 1,038.27 crore in the corresponding period a year ago, the company said. Cost of raw materials consumed in the quarter was at Rs 290.96 crore, up from Rs 254.96 crore in the same period of FY22. The company, which holds the exclusive master franchise rights from Domino's Pizza Inc for India, Sri Lanka, Bangladesh and Nepal, besides exclusive rights to develop and operate Dunkin' restaurants in India and Popeyes restaurants in India, Bangladesh, Nepal and
Closing Bell: Broader markets bled more than benchmarks with the BSE Midcap and Smallcap indices falling up to 0.7 per cent
The Ebitda margins are expected to remain in the 24-25 per cent this fiscal and the acquisition of 40 per cent stake in Roadcast Tech Solutions will help improve efficiencies in delivery
There has been a brisk rally in these stocks, despite a weakness in the broader market
Jubilant Food Works (JFL) would have Golden Harvest's 49 per cent stake in the JV, making JGHL a wholly-owned subsidiary, the company said in a regulatory filing
In the past three months, the stock has underperformed the market falling 35 per cent as against a 4.4 per cent decline on the S&P BSE Sensex.
Operating revenue more than doubles to Rs 879 crore
In the past one month alone, these stocks have slipped up to 24 per cent. PVR and Inox Leisure top the losers list with a drop of 24 and 23 per cent, respectively.
During the quarter, the company said it accelerated its store opening momentum by opening 47 stores -- 44 for Domino's Pizza, two for Dunkin' Donuts and one for Hong's Kitchen
Aggressive store expansion plans indicate firm's confidence for the longer term
A steep cut in the sales tax rate applicable for restaurants, an increase in menu prices and a revival in consumer sentiment have all led to buoyant sales and profit forecasts for the company
He will oversee QSR investments of F&B Asia that owns and operates several marquee brands.
The company said though it has improved the pizza, there will not be any price increase