Jubilant FoodWorks has slipped over 5% to Rs 1,134 after reporting a lower-than-expected 31% year-on-year (yoy) rise in net profit at Rs 38 crore for the quarter ended on December 31, 2012 (Q3) due higher expenditure and tax outgo. Analysts on an average had estimated profit of Rs 40 crore from the company.
The rising raw material cost, up 45% at Rs 84 crore and higher tax outgo of Rs 17 crore against Rs 14 crore in a year ago quarter dented net profit growth during the recently concluded quarter.
Meanwhile, the company has registered lower-than-expected same-store sales (SSS) growth of 16.1% in Q3FY13 for Domino’s Pizza against an analyst expectation of around 19-20%.
Jubliant FoodWorks, the master franchisee of Dominos international in India, said its total operational income grew 39% to Rs 3,851 crore from Rs 2,770 crore over the same quarter of previous year.
The stock opened at Rs 1,205 and hit a high of Rs 1,216 before announcement of results on the National Stock Exchange. A combined around 860,000 shares have changed hands on the counter so far on both the exchanges.
