Jubilant Foodworks rose 2.23% to Rs 1,734 at 15:18 IST on BSE on reports a foreign brokerage said that the company will be a key beneficiary of urban recovery in the food service industry.
Meanwhile, the S&P BSE Sensex was up 57.77 points or 0.22% at 26,428.75.
On BSE, so far 12,000 shares were traded in the counter as against average daily volume of 27,412 shares in the past one quarter.
The stock hit a high of Rs 1,799 and a low of Rs 1,701.35 so far during the day. The stock had hit a record high of Rs 1,819 on 1 June 2015. The stock had hit a 52-week low of Rs 1,107.70 on 8 August 2014.
The stock had outperformed the market over the past one month till 11 June 2015, surging 14.98% compared with Sensex's 4.13% fall. The scrip had also outperformed the market in past one quarter, jumping 9.41% as against Sensex's 7.98% fall.
The large-cap company has equity capital of Rs 65.64 crore. Face value per share is Rs 10.
The foreign brokerage reportedly said that Jubilant FoodWorks will be a key beneficiary of urban recovery in the food service industry while its same-store-sales growth (SSG) may touch even double digits in next 2 to 4 quarters.
The brokerage reportedly said that Jubilant management is cautiously optimistic on its near-term demand outlook as consumer sentiments are yet to improve meaningfully. However, the brokerage feels that lower input cost inflation has provided greater disposable income and hence SSG is likely to stay positive. The brokerage added that near-term margins will be largely determined by SSG, as per reports.
Jubilant FoodWorks' net profit rose 26.4% to Rs 31.53 crore on 25% growth in net sales to Rs 542.01 crore in Q4 March 2015 over Q4 March 2014.
Jubilant FoodWorks is India's largest food service company, with a network of 887 Domino's Pizza restaurants across 199 cities (as of 14 May 2015).
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