Shares of Jubilant FoodWorks Ltd, the parent company of Domino’s Pizza in India, rose 3.20% to Rs 655.15 on Wednesday after the GST Council announced that pizza bread will now be exempt from tax. The stock gained Rs 20.30 from its previous close of Rs 634.85, with intraday movement between Rs 640.00 and Rs 664.05. The company’s market capitalization currently stands at Rs 42,528 crore.
GST relief on everyday food items
As part of the revised GST structure effective September 22, 2025, several everyday food items will now be tax-free. These include ultra-high temperature (UHT) milk, paneer (chena), pizza bread, khakra, plain chapati and roti, which were earlier taxed at 5%. The exemption provides relief to both consumers and food chains reliant on these products.
Stock details and performance
Jubilant FoodWorks’ stock has a 52-week range between Rs 558.25 and Rs 796.75. The company’s average trading volume stands at 1.37 million shares. It trades at a P/E ratio of 175.32 and offers a dividend yield of 0.18%.
The GST exemption on pizza bread is expected to ease input costs for quick-service restaurant operators, giving listed players like Jubilant FoodWorks a positive sentiment boost.
