Jubilant FoodWorks share price surged as the company posted robust performance in Q3 given the current state of QSR chains
Shares of Restaurant Brands Asia, Westlife Foodworld, Sapphire Foods India, Jubilant Foodworks and Devyani International can rally up to 15% from present levels, suggest technical charts.
Jubilant FoodWorks share: Jubilant FoodWorks owns brands like Domino's Pizza, Popeyes, Dunkin' Donuts, and Hong's Kitchen
Jubilant FoodWorks Ltd on Monday said it estimates a 56.2 per cent growth in consolidated revenue from operations at Rs 2,153.2 crore in the third quarter of the ongoing fiscal, compared to the year-ago period. In its quarterly update, the company, which operates popular fast food chains such as Domino's, Popeyes and Dunkin, said the provisional standalone revenue from operations in the third quarter was at Rs 1,611.1 crore, higher by 18.9 per cent year-on-year. On a like-for-like (LFL) basis, Domino's India growth was at 12.5 per cent and the same for Turkey was down 3.2 per cent, Jubilant FoodWorks Ltd (JFL) said in a regulatory filing. As of October-December quarter end, the JFL Group network reached 3,260 stores, with a net addition of 130 stores during the quarter, it said. Domino's India opened 60 net new stores, ending the quarter with 2,139 stores, while Domino's Turkey opened 25 net new stores, ending the quarter with 738 stores, it added.
Nifty Today, Stocks to Buy Today: The Nifty50 index has now entered its second week of consolidation, and current indicators suggest that this trend is likely to persist
The company continues to outperform its peers even in a soft demand environment and analysts believe it will maintain its sales momentum even in the second half of FY25
The northward move in the Jubilant FoodWorks share came after the company said that it has signed a pact with Coca Cola India to purchase its portfolio of sparkling beverage products
As per the MoU, a master agreement will be executed between the parties, effective from April 1
Jubilant FoodWorks in its filing also said that the parent will acquire stakes through its entity Jubilant Beverages Limited
On Monday, after market hours, Jubilant Foodworks reported a consolidated net profit of Rs 66.53 crore in the second quarter as compared to Rs 97.2 crore a year ago, down 31.5 per cent
Revenue from operations in the second quarter stood at Rs 1,954.72 crore, as against Rs 1,368.63 crore in the year-ago period, the filing added
Secular trends of young population, rising urbanisation, growing affluence, accelerated shifts towards digitalisation and shift in favor of the organized sector
To spur demand Jubilant offered free home delivery and value deals such as meals for Rs 99 ($1.18), in a quarter that coincided with the T20 Cricket World Cup and school summer vacations
Domino's U.S. same-store sales growth of 4.8 per cent in the quarter fell just short of expectations of 4.91 per cent growth, according to LSEG data
Stocks to Watch on Tuesday, June 11, 2024: Domino's, a franchise of Jubilant FoodWorks, opened its 2000th store in the country on Monday
Jubilant FoodWorks stock: In January 2024, Jubilant FoodWorks had received approval to invest and enter into a Power Purchase Agreement and Shareholders Agreement with O2 Renewable Energy
As far as demand is concerned, Pande believes that it is cyclical and demand will revive for the QSR industry
QSR chain operator Jubilant Foods Ltd (JFL) expects its fried chicken brand Popeyes to cross Rs 1,000 crore in sales in the next 3-4 years, its CEO and MD Sameer Khetarpal said on Wednesday. Besides, JFL, which is also a master franchisor of Domino's, is expanding its reach and is expected to have around 3,000 outlets in the medium term. The company is going to "rapidly expand across" its QSR brands, with a key focus on Domino's as India is a "very rapidly expanding market" with more discretionary income, and urbanisation led by its growing economy. When asked about its latest addition Popeyes, Khetarpal said: "We have got an outstanding response from Popeyes as a brand here." JFL, which opened its first store in Delhi on Wednesday and its 33rd store pan-India, has plans to add four more stores in the national capital region next week. "We are rapidly expanding and Popeyes will be the fastest QSR chain to get Rs 1,000 crore in sales," Khetarpal told PTI. Typically, a QSR chain ta
The company had posted a consolidated net profit of Rs 80.36 crore in the year-ago period, Jubilant Foodworks Ltd (JFL) said in a regulatory filing
Jubilant Foodworks is rebranding Domino's and now has a new tagline, "It happens only with pizza" as it looks to tap the younger audience