Jubilant FoodWorks has soared 9% to Rs 854 in opening trades after reporting robust 52% year-on-year (y-o-y) growth in net profit at Rs 23.17 crore for the first quarter ended June 2011.
The company engaged in food service business and operates Domino's Pizza stores, had reported a net profit of Rs 15.28 crore in the same quarter of previous fiscal. The total income grew 60% at Rs 217 crore on y-o-y basis.
Jubilant FoodWorks plans to launch its first Dunkin' Donut store in the first half of the calendar year 2012. Dunkin' Donut is the world's leading baked goods and coffee chain. The company is targeting to open 80-100 Dunkin' Donut stores over the next five years.
The stock opened at Rs 801 and hit a high of Rs 870 on the BSE. A combined 854,069 shares have changed hands on the counter in morning deals.