Jubilant FoodWorks surges 9%, hits record high on strong growth outlook

With vaccinations well under way, the management believes that the worst is behind them and is confident of delivering strong, sustained growth in the periods ahead

Shares of Jubilant FoodWorks (JFL) hit a new record high of Rs 3,348 as they surged 9 per cent on the BSE in intra-day trade on Thursday on a strong growth outlook. The stock of the country’s largest foodservice company surpassed its previous high of Rs 3,331.85 touched on June 16, 2021.

Its Domino’s Pizza franchise extends across a network of 1,380 restaurants in 298 cities. The company has exclusive rights to develop and operate Domino’s Pizza brand in India, Sri Lanka, Bangladesh and Nepal. It also enjoys exclusive rights to develop and operate Dunkin’ Donuts restaurants in India. JFL has