Jubilant FoodWorks hits new high, surges 35% in a month on growth prospects

The financial risk profile is supported by a debt-free status, strong net worth and high financial flexibility

Shares of Jubilant FoodWorks (JFL) hit a new high of Rs 4,166.40, up 7 per cent on the BSE in intra-day trade on Wednesday on strong growth prospects. In the past one month, the stock of the quick-service restaurant (QSR) company has rallied 34 per cent following a good set of numbers for the quarter ended June 2021 (Q1FY22). In comparison, the S&P BSE Sensex was up 5 per cent during the same period.

For Q1FY22, JFL reported a consolidated net profit of Rs 69.06 crore, aided by higher revenues despite the second wave of Covid-19 disrupting operations. It had