Jubilant FoodWorks rose 2.76% to Rs 1187.25 at 14:54 IST on BSE after net profit declined 23.72% to Rs 24.95 crore on 18.57% growth in total income to Rs 436.08 crore in Q4 March 2014 over Q4 March 2013.
The Q4 result was announced during market hours today, 19 May 2014.
Meanwhile, the S&P BSE Sensex was up 232.74 points or 0.96% at 24,354.21.
On BSE, so far 76,000 shares were traded in the counter as against average daily volume of 47,329 shares in the past one quarter.
The stock was volatile. The stock surged as much as 5.3% at the day's high of Rs 1189.65 so far during the day. The stock lost as much as 4.65% at the day's low of Rs 1101.55 so far during the day. The stock had hit a 52-week high of Rs 1,389.95 on 5 November 2013. The stock had hit a 52-week low of Rs 928 on 18 June 2013.
The stock had outperformed the market over the past one month till 16 May 2014, surging 15.05% compared with the Sensex's 8.28% rise. The scrip had, however, underperformed the market in past one quarter, jumping 11.51% as against Sensex's 18.44% rise.
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The mid-cap company has equity capital of Rs 65.44 crore. Face value per share is Rs 10.
Jubilant FoodWork's net profit declined 6.89% to Rs 125.79 crore on 22.43% growth in total income to Rs 1732.83 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).
On consolidated basis, Jubilant FoodWork's net profit declined 9.8% to Rs 118.24 crore on 22.74% growth in total income to Rs 1745.70 crore in FY 2014 over FY 2013.
Jubilant FoodWorks said that the business showed muted profits given the weak macro-sentiment that is getting conveyed through a contraction in discretionary spends and surcharge on income tax increasing tax expense.
Revenue growth during the year and quarter was chiefly driven by network expansion, promotional activity and new product introductions, Jubilant FoodWorks said. New customers from cities where Domino's Pizza debuted also added to growth, it added.
EBITDA performance reflected the deceleration in topline trends with a weaker SSG profile. Higher inflationary expenditure compounded the compression in margins, Jubilant FoodWorks said in a statement.
Commenting on the performance for Q4 & FY 2014, Mr. Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks said that the management is encouraged about the company's future outlook given its attractive growth-oriented brands and valuable business infrastructure. The management remains committed to driving growth and innovation, disciplined financial management and continuously improving efficiencies across the organization, he added.
Commenting on the performance for Q4 & FY14, Mr. Ajay Kaul, CEO, Jubilant FoodWorks said that the firm believes in the potential of its market and all its decisions and actions are aligned towards ensuring that the company is favourably poised to deliver growth.
Jubilant FoodWorks is part of Jubilant Bhartia group and India's largest food service company, with a network of 749 Domino's Pizza restaurants across 152 cities (as of 19 May 2014). The company & its subsidiary have the exclusive rights to develop and operate Domino's Pizza brand in India, Sri Lanka, Bangladesh and Nepal. At present it operates in India and Sri Lanka. The company is the market leader in the organized pizza market with a 67% market share in India (as per latest Euro monitor report). The company also has exclusive rights for developing and operating Dunkin Donuts restaurants for India and has launched 29 Dunkin Donuts restaurants across 10 cities in India (as of 19 May 2014).
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