The company continues to outperform its peers even in a soft demand environment, and analysts believe it will maintain its sales momentum in the second half of FY25
The northward move in the Jubilant FoodWorks share came after the company said that it has signed a pact with Coca Cola India to purchase its portfolio of sparkling beverage products
Jubilant FoodWorks in its filing also said that the parent will acquire stakes through its entity Jubilant Beverages Limited
Shares of Jubilant FoodWorks dropped up to 4.1 per cent on the BSE in the early hours of trading on Thursday
The Jubilant Group's Bhartia family is investing Rs 5,000 crore and the remaining amount is being financed by Goldman Sachs, which has pledged to fund a special purpose vehicle for the deal
On Monday, after market hours, Jubilant Foodworks reported a consolidated net profit of Rs 66.53 crore in the second quarter as compared to Rs 97.2 crore a year ago, down 31.5 per cent
Revenue from operations in the second quarter stood at Rs 1,954.72 crore, as against Rs 1,368.63 crore in the year-ago period, the filing added
Jubilant FoodWorks share price dipped as much as 3.83 per cent at Rs 655 per share on the BSE in Tuesday's intraday trade
Secular trends of young population, rising urbanisation, growing affluence, accelerated shifts towards digitalisation and shift in favor of the organized sector
To spur demand Jubilant offered free home delivery and value deals such as meals for Rs 99 ($1.18), in a quarter that coincided with the T20 Cricket World Cup and school summer vacations
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