Jubilant FoodWorks rose 1.08% to Rs 1,113.05 at 13:57 IST on BSE after net profit rose 5.13% to Rs 34 crore on 26.01% growth in total income to Rs 398.71 crore in Q1 June 2013 over Q1 June 2012.
The Q1 result was announced during trading hours today, 2 August 2013.
Meanwhile, the S&P BSE Sensex was down 87.24 points or 0.45% at 19,229.95.
On BSE, 99,000 shares were traded in the counter as against average daily volume of 58,062 shares in the past two weeks.
The stock was volatile. The stock rose as much as 4.1% at the day's high of Rs 1,146.35 so far during the day. The stock lost as much as 2.46% at the day's low of Rs 1,074 so far during the day. The stock had hit a 52-week low of Rs 928 on 18 June 2013. The stock hit a record high of Rs 1,397 on 28 September 2012.
The stock had outperformed the market over the past one month till 1 August 2013, rising 2.64% compared with the Sensex's 1.33% fall. The scrip had also outperformed the market in past one quarter, falling 0.65% as against Sensex's 0.96% slide.
More From This Section
The mid-cap company has equity capital of Rs 65.34 crore. Face value per share is Rs 10.
Jubilant FoodWorks (JFL) said its top line performance during the quarter drove growth in Domino's Pizza on account of expansion in the network of restaurants, where coverage has improved both within existing cities and by way of entering new cities. Same Restaurant (store) Sales Growth was at 6.3% in Q1 June 2013 and has moderated from earlier levels following constrained discretionary spends on account of slowing economic growth, JFL said in a statement.
Earnings before interest, taxation, depreciation and amortization (EBITDA) rose 16% year on year (YoY) to Rs 66.70 crore during the quarter, helped by the revenue momentum from restaurant additions and strict conformance with cost objectives.
JFL said that profits remained at stable levels during the quarter owing to moderated consumer spends, increase in Income tax Surcharges from 5% to 10% and increase in depreciation expense due to rapid expansion of restaurant network and also on account of investments made in development of commissaries to support this expansion.
On future business outlook, JFL said it plans to grow the presence of Domino's Pizza with launch of 125 restaurants in FY 2014 as targeted. Of this the company has successfully opened 26 restaurants during the quarter. For fiscal 2014, JFL plans to open 18 new Dunkin' Donuts restaurants of which 4 have been launched during the quarter. JFL said that the company will level its scale and its ability to innovate whilst retaining a strong financial discipline. JFL said it will focus on offering customers more choice through constant menu innovation and will focus on brand development.
Jubilant FoodWorks is part of Jubilant Bhartia group and India's largest food service company, with a network of 602 Domino's Pizza restaurants as of 30 June 2013, across 128 cities. JFL & its subsidiary operate Domino's Pizza brand with the exclusive rights for India, Sri Lanka, Bangladesh and Nepal. The company also has exclusive rights for developing and operating Dunkin' Donuts restaurants for India and has launched 14 Dunkin' Donuts restaurants in India as of 30 June 2013.
Powered by Capital Market - Live News