The company said its EBITDA margins increased by 290 basis points year-on-year at 26.7 per cent in Q2FY21
Jubilant FoodWorks Ltd, which operates fast-food chains Domino's Pizza and Dunkin' Donuts, closed a total of 105 stores in the July-September quarter, the company said.
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In past one month, the stock has gained 25 per cent against a 1.2 per cent rise in the S&P BSE Sensex.
Higher share of delivery led to faster business recovery and better margins
The company said the revenue recovery improved significantly, with a recovery of 69.8 per cent in July and 84.6 per cent in August
Its revenue from operations declined 59.07 per cent to Rs 388.41 crore during the quarter under review as against Rs 949.11 crore in the corresponding quarter last fiscal
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These rating strengths are partially offset by the weaker performance of the doughnuts division (Dunkin Donuts) and susceptibility of profitability to competitive intensity and cost pressures
The company said online sales of products will shortly start with Amazon (National), Flipkart Supermart (NCR, Mumbai and Bengaluru) and Milkbasket (NCR)
This sharp recovery could end up being a dead cat bounce, as the trend-line support which was recently broken could act as a resistance at 11,250
The support for Bank Nifty is seen at 21,500, while Nifty has got support at 10,300.
Nifty managed to close above 10,000 ahead of weekly expiry and is likely to expire above this important level.
Tech giant's food delivery service comes when major players in the space are reeling from Covid-19 impact
The rebalancing is scheduled to take place on May 12 and the changes will become effective from June 1
Some analysts believe near-term concerns are priced in, but likely risks of lockdown extension and fall in income levels not so
Some analysts point at likely risks from an extended lockdown that aren't priced in
Jubilant FoodWorks, Westlife post 6-9% same-store growth
India Inc is expecting a slew of economy-boosting steps such as income-tax rate cuts, increased rural infrastructure spending, and job creation measures in the Union Budget this time
Increasing footprint and higher share of online delivery indicate good growth potential