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  5. Jubilant FoodWorks shares hit 52-week high on encouraging Q3 update; check details

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Jubilant FoodWorks shares hit 52-week high on encouraging Q3 update; check details

Upstox
By Upstox News Desk

2 min read | Updated on January 06, 2025, 12:44 IST

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SUMMARY

Jubilant FoodWorks share price: The company added that Domino’s India Like-for-Like (‘LFL’) growth came in at 12.5%, while Domino’s Turkey LFL growth (Post-IAS-29) came in at -3.2%. As of the quarter’s end, the JFL Group network reached 3,260 stores, with a net addition of 130 stores during the quarter.

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Besides Domino's Pizza, Jubilant FoodWorks also has a portfolio of QSR brands in emerging markets with franchise rights for global brands—Popeyes and Dunkin'

Besides Domino's Pizza, Jubilant FoodWorks also has a portfolio of QSR brands in emerging markets with franchise rights for global brands—Popeyes and Dunkin'

Jubilant FoodWorks share price: Shares of Jubilant FoodWorks rose as much as 4.9% to hit a 52-week high of ₹796.75 apiece on the BSE on Monday, January 6, as the company released its business update for the quarter ended December 31, 2024 (Q3 FY25).

The company said its consolidated revenue from operations (provisional) came in at ₹2,153.2 crore, higher by 56.2% year-on-year (YoY).

Its standalone revenue from operations rose 18.9% YoY to ₹1611.1 crore.

Jubilant FoodWorks is a food service company based in Noida that holds the master franchise for Domino's Pizza in India, Nepal, and Sri Lanka.

Besides Domino's Pizza, Jubilant FoodWorks also has a portfolio of QSR brands in emerging markets with franchise rights for global brands—Popeyes and Dunkin'.

It also has two brands, Hong's Kitchen, an Indo-Chinese QSR brand in India, and a CAF brand, COFFY, in Turkey.

Jubilant's network comprises 3,130 stores across six markets—India, Turkey, Bangladesh, Sri Lanka, Azerbaijan, and Georgia.

The company added that Domino’s India Like-for-Like (‘LFL’) growth came in at 12.5%, while Domino’s Turkey LFL growth (Post-IAS-29) came in at -3.2%.

As of the quarter’s end, the JFL Group network reached 3,260 stores, with a net addition of 130 stores during the quarter.

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Jubilant FoodWorks said that Domino’s India opened 60 net new stores, ending the quarter with 2,139 stores.

Domino’s Turkey opened 25 net new stores, ending the quarter with 738 stores.

Recently, Jubilant FoodWorks entered into a Memorandum of Understanding (‘MoU’) with Coca-Cola India.

The MoU contains the principal terms and conditions for the purchase of a portfolio of sparkling beverage products and certain other products from The Coca-Cola Company's authorised bottlers and for conducting marketing activities (which will be undertaken in the usual/ordinary course) for the said products as defined in the MoU.

Jubilant Foodworks Q2 FY25 Results

Jubilant Foodworks reported a consolidated net profit of ₹66.53 crore in the second quarter ended September 30, 2024 (Q2 FY25).

The company had posted a consolidated net profit of ₹97.2 crore in the corresponding quarter of the last fiscal year, Jubilant Foodworks Ltd. (JFL) said in a regulatory filing.

Revenue from operations in the second quarter stood at ₹1,954.72 crore, as against ₹1,368.63 crore in the year-ago period, the filing added.

(With inputs from PTI)

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Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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