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Jubilant FoodWorks gains after partnering with a Hyderabad based startup firm

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Jubilant FoodWorks gained 4.09% to Rs 1,461.55 at 9:30 IST on BSE after the company said that Domino's Pizza India has partnered with Zippr, a Hyderabad based startup that is solving the problem of complex addresses.

The company announced after market hours yesterday, 19 November 2015.

Meanwhile, the S&P BSE Sensex was up 2.14 points or 0.01% at 25,844.06.

On BSE, so far 9,193 shares were traded in the counter as against average daily volume of 33,689 shares in the past one quarter.

The stock hit a high of Rs 1,464.90 and a low of Rs 1,433.75 so far during the day. The stock had hit a record high of Rs 1,984 on 17 July 2015. The stock had hit a 52-week low of Rs 1,273 on 17 December 2014.

 

Jubilant FoodWorks said partnership will allow Domino's Pizza consumers to seamlessly share their address during checkout on Domino's Pizza's online ordering platforms, Jubilant FoodWorks said in a statement.

Jubilant FoodWorks' net profit fell 17.7% to Rs 23.88 crore on 17.2% growth in net sales to Rs 587.29 crore in Q2 September 2015 over Q2 September 2014.

Jubilant FoodWorks and its subsidiary operates Domino's Pizza brand with the exclusive rights for India, Nepal, Bangladesh and Sri Lanka.

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First Published: Nov 20 2015 | 9:34 AM IST

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