Share price of Jubilant Foodworks hops by 7% after Q3 earnings

The share price of Jubilant Foodworks jumped 7 per cent intraday after the company’s Q3 earnings. The company has posted 22 per cent jump in its Q3 net profit at Rs 124.1 crore against Rs 101.8 crore in the same quarter last fiscal.

Revenue of the company was down at Rs 1,069.3 crore against Rs 1,071.4 crore year-on-year. Earnings before interest, tax, depreciation and amortization (EBITDA) was up 10 per cent at Rs 280 crore and the margin was up at 26.2 per cent.

While it added 150 new Domino’s stores, the same-store-sales growth was at -1.7 per cent versus -20 per cent Quarter-on-Quarter. The revenue recovery is stabilising, while costs recovery is in-line with revenue sequentially.

At 11:06 hrs Jubilant Foodworks was quoting at Rs 2,805.70, up Rs 159.90, or 6.04 per cent on the BSE. The share touched its 52-week high Rs 2,987.00 and 52-week low Rs 1,141.80 on 11 January 2021 and 19 March 2020, respectively. Currently, it is trading 6.07 per cent below its 52-week high and 145.73 per cent above its 52-week low.

Jubilant FoodWorks Limited is an Indian food delivery company based in Noida, Uttar Pradesh which holds the master franchisee for Domino’s Pizza in India, Nepal, Sri Lanka and Bangladesh, and also for Dunkin’ Donuts in India. The company is a part of the Jubilant Bhartia Group.

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