Jubilant Foodworks high in trade today after Domino's Pizza unveiled significant product upgrade. In an interview to CNBC-TV18, Navin Trivedi, Analyst at HDFC Securities shared his reading on the stock.
PhillipCapital is hosting their Annual Ground View Conference in Mumbai. In an interview to CNBC-TV18, Naveen Kulkarni, Co-Head of Research at Phillipcapital spoke about the mood at the conference and specific stocks.
The impact of demonetisation has showed up in the form of reduced phone orders for Domino's Pizza, Sachin Sharma, CFO of Jubilant Foodworks, which operates the franchise, told CNBC-TV18 today. "These headwinds are expected to continue for another 2-3 months."
Lenovo continues to remain optimistic about sales even post demonetisation. In a interview with CNBC-TV18, Sudhin Mathur, Executive Director of Lenovo's mobile business says the cash crunch has not had much of an impact on sales of higher price band phones.
The outgoing Jubilant Foodworks' CEO, Ajay Kaul admits that initially business was impacted by demonetisation.
In an interview to CNBC-TV18, Ajay Kaul, CEO of Jubilant Foodworks spoke about the results and his outlook for the company.
Despite a dismal performance in the first quarter of FY17 where its same-store sales growth went into the negative territory for the first time in past seven quarters, Jubilant FoodWorks is confident of an improved show and a positive same-store sales growth in the second quarter.
Jubilant FoodWorks reported a 6.56 percent decline in standalone net profit to Rs 29.46 crore and a 13.99 percent rise in net sales to Rs 617.83 crore in the fourth quarter.
Ajay Kaul, CEO, Jubilant Foodworks in an interview to said, â€œWe are fortunate that we are ahead of the curve and are registering a small single-digit growth on same store basis.â€
Speaking to CNBC-TV18, Ajay Kaul, CEO of Jubilant Foodworks says that the new store is expected to breakeven within two to three months of launch and costs can be recovered in two to three years.
Ravi Gupta, CFO of Jubilant Foodworks says the general consumer sentiment has been negative for the quarter and the expected recovery still remains protracted.
Ajay Kaul, CEO, Jubilant Foodworks explains how the psychological shift of consumers‘ preference from concept of dine-in to food deliverance is impacting the two businesses individually.
The numbers in the previous quarters may have looked better, but the industry is seeing an insignificant demand growth statistically, says Ajay Kaul, CEO of Jubilant Foodworks.
The company would stick to its plan of opening 150 Domino‘s and 8 Dunkin Donuts restaurants in FY16, said Ravi Gupta, CFO, Jubilant Foodworks.
The company maintains its store expansion plans for 150 Dominos stores and 30 Dunkin stores in FY15.
India-based food and beverages company plans to rollout 150 Domino's Pizza stores this fiscal. Store rollout guidance for Dunkin‘ Donuts has also been revised from 25 to 30, says Ravi Gupta, CFO of Jubilant Foodworks.
Jubilant Foodworks, the master franchise for Domino's Pizza in India, disappointed street on every parameter with the third quarter (October-December) net profit falling 11 percent compared to same quarter last year, dented by weak operational performance.
Jubilant's second quarter revenues rose around 28 percent year-on-year, but steep increases in raw material costs, wage bills and rents shaved 220 basis points from the operating margin and restricted the net profit growth to just 2.8 percent.
The Domino's Pizza and Dunkin' Donuts restaurant chain operator's same-store sales grew just over 6 percent in April-June, sharply lower than the 22.3 percent growth in the year ago quarter and Ravi Gupta, CFO, says the company is taking taking steps to encourage consumption.
Jubilant Foodworks plans to spend Rs 75 crore on four new commissaries in FY14, its CEO Ajay Kaul said on Friday. He says consumers are downtrading and cutting back on spends amid the economic slowdown, but is confident of double-digit growth, once the economy recovers.
Noida-based Jubilant Foodworks announced a third-quarter profit Rs 37.7 crore (y-o-y) as compared to a net of Rs 29 crore in the same quarter last fiscal. Explaining to CNBC-TV18, after the announcement of the results, Ravi Gupta, CFO, Jubilant Foodworks says that consumer sentiment in economy has started to weaken and would continue to worsen.
Jubilant Foodworks that operates Domino‘s Pizza and Dunkin' Donuts chain in India reported a 36.63 percent rise in its net profit to Rs 32.34 crore for the quarter ended September 30, 2012 on the back of robust sales.
Jubilant Foodworks reported its first quarter results on Wednesday. Ravi Gupta, CFO, Jubilant Foodworks tells CNBC-TV18 that weak consumer sentiment is being witnessed across the country.
Rural demand is witnessing a bit of slippage after many years, partly because of monsoon related worries and partly because of the general economic slowdown in the country.
Dunkin' Donuts CEO Nigel Travis tells CNBC-TV18 that the company is looking to invest aggressively in the current fiscal.