Moneycontrol
Jul 17, 2017 02:21 PM IST | Source: Moneycontrol.com

Tasty Q1 toppings prompt ‘Jubilant’ investors to rush for slice of pizza; stock soars 6.5%

Its net profit for the June quarter came in at Rs 24 crore, a jump of over 25 percent year on year from Rs 19 crore.

Picture for representational purposes only.
Picture for representational purposes only.
 
 
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Shares of Jubilant Foodworks, the operator of Domino’s Pizza outlets in India, rose over 6.5 percent intraday on Monday as investors cheered the good performance of the company for the June quarter.

Its net profit for the June quarter came in at Rs 24 crore, a jump of over 25 percent year on year from Rs 19 crore.

The company’s revenue from operations witnessed a rise of 11.5 percent to Rs 679 crore against Rs 609 crore in the same period last year, while earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at Rs 79.6 crore, a rise of 37.8 percent from Rs 57.7 crore. The operating margin, meanwhile, came in at 11.7 percent against 9.5 percent year on year.

The same store sales growth, a key metric for gauging the progress of the company, was reported at 6.5 percent, a huge jump from its previous performance of -7.5 percent. Analysts had expected this figure to be between 3 and 4 percent.

"Our focus on delivering better Value for money and driving innovation has helped bring back strong growth in Domino’s Pizza. We have also made significant progress towards reducing losses and building a sustainable business in Dunkin’ Donuts. Additionally, our discipline of controlling costs and driving efficiencies has helped improve overall operating margins," Pratik Pota, CEO and Whole time Director, Jubilant FoodWorks said in a statement.

At 14:13 hrs Jubilant Foodworks was quoting at Rs 1,228.90, up Rs 62.95, or 5.40 percent on the BSE. It touched an intraday high of Rs 1,242.00 and an intraday low of Rs 1,161.30.
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