Jubilant Foodworks Ltd Share Price – NSE /  BSE

Quick Service Restaurant, Small Cap

Jubilant FoodWorks announced that Berjis Minoo Desai (DIN 00153675), Independent Director has tendered his resignation from Board of the Company with effect from 06 September 2024.

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The key domestic indices pared all losses and traded with minor gains in mid-morning trade. The Nifty scaled above the 24,400 level after hitting day’s low of 24,212.10 in morning trade. Realty shares jumped for second consecutive trading sessions.

At 11:28 IST, the barometer index, the S&P BSE Sensex, was up 273.62 points or 0.34% to 79,979.53 The Nifty 50 index advanced 70.40 points or 0.29% to 24,437.90.

In the broader market, the S&P BSE Mid-Cap index fell 0.20% and the S&P BSE Small-Cap index added 0.48%.

The market breadth was negative. On the BSE, 1,925 shares rose and 1,952 shares fell. A total of 140 shares were unchanged.

IPO update:

The initial public offer (IPO) of Saraswati Saree Depot received 69,14,880 bids for shares as against 100,00,800 shares on offer, according to stock exchange data at 11:21 IST on Monday (12 August 2024). The issue was subscribed 0.69 times.

The issue opened for bidding on 12 August 2024 and it will close on 14 August 2024. The price band of the IPO was fixed at Rs 152 to 160 per share.

Buzzing Index:

The Nifty Realty index jumped 0.89% to 1,031.35. The index increased 2.45% for the second trading session.

Macrotech Developers (up 5.03%), Sobha (up 0.97%), Brigade Enterprises (up 0.92%), Sunteck Realty (up 0.74%) and Phoenix Mills (up 0.25%), Prestige Estates Projects (up 0.17%) and DLF (up 0.05%) advanced.

Stocks in Spotlight:

Jubilant Foodworks jumped 6.88% after the company’s consolidated net profit surged to Rs 60.80 crore in Q1 FY25 as compared with Rs 28.91 crore in Q1 FY24. Revenue from operations jumped 44.85% YoY to Rs 1,933.06 crore during the quarter.

Voltas surged 8.77% after the company reported consolidated net profit of Rs 334.23 crore in Q1 FY25, significantly higher from Rs 129.29 crore in Q1 FY24. Total income for the quarter ended 30 June 2024 increased 45.82% year on year (YoY) to Rs 5,001.27 crore.

Inox Wind rallied 6.06% after the company reported a consolidated net profit (from continuing operations) of Rs 47.17 crore in Q1 FY25 as against a net loss of Rs 64.88 crore posted in Q1 FY24. Revenue from operations surged 83.18% year on year to Rs 638.81 crore in the quarter ended 30 June 2024.

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Revenue from operations jumped 44.85% YoY to Rs 1,933.06 crore during the quarter.

Profit before tax (PBT) jumped 46.62% to Rs 79.63 crore in Q1 FY25.

During the quarter, EBITDA stood at Rs 383.1 crore, registering the growth of 38.9% YoY as compared with Rs 275.8 crore in Q1 FY24. EBITDA margin reduced 19.8% in Q1 FY25 as against 20.7% in Q1 FY24.

India business reported 9.9% jump in revenue to Rs 1,439.6 crore, mainly driven by 8.5% growth in Domino’s India. Domino’s like-for-like (LFL) came in at 3.0% with Domino’s Delivery LFL at 12.1%. A total of 52 net stores were added across all brands in India. The comapny Added 52 net stores in India across all brands.

In Turkey, Azerbaijan and Georgia, Domino’s system sales came in at Rs 7,15.1 crore. Domino’s Turkey LFL growth was 10.3%. COFFY’s system sales came in Rs 65.7 crore and Coffy LFL growth was 8.7%. The revenue from operations came in at Rs 461.4 crore.

Revenue from Domino’s Bangladesh came in at Rs 17.0 crore, up by 42.2% on the back of accelerated network expansion. Revenue from Domino’s Sri Lanka came in at Rs 17.4 crore, up by 17.0%. A total of 14 net stores were added across all International markets.

S. Bhartia, chairman and Hari S. Bhartia, co-chairman, Jubilant FoodWorks, said, “We achieved solid first quarter results, with broad based growth across markets led by healthy LFL and store growth. We also celebrated network milestones of crossing 3,000 stores at a Group level and setting a new record of operating 2,000+ Domino’s stores in India. India business growth in particular, accelerated with a sharpened valuefor money focus in Domino’s, through delivery fee waiver well supported by continued network expansion. We remain on track to become India’s first foodservice Company to cross $1 bn in group system sales.”

Sameer Khetarpal, CEO and MD, Jubilant FoodWorks, said, “It was indeed a ‘milestone quarter’. JFL delivered a strong quarter with growth across all business lines, expansion in the store network and improvement in margin trajectory. The quality of growth stands out, as it is order-led, monthly active users were at a record high and the Company acquired new customers at the highest-ever rate, beating the industry trend, thus, indicating the belief in our core strategy of being customer first and data-and-technology-forward.”

Jubilant FoodWorks (JFL) is India's largest foodservice company and is part of the Jubilant Bhartia group. Incorporated in 1995, JFL holds the exclusive master franchise rights from Domino's Pizza Inc. to develop and operate the Domino's Pizza brand in India, Sri Lanka, Bangladesh, and Nepal. In India, JFL has a strong and extensive network of 2,029 Domino's stores across 407 cities.

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Revenue from operations jumped 44.85% YoY to Rs 1,933.06 crore during the quarter.

Profit before tax (PBT) jumped 46.62% to Rs 79.63 crore in Q1 FY25.

During the quarter, EBITDA stood at Rs 383.1 crore, registering the growth of 38.9% YoY as compared with Rs 275.8 crore in Q1 FY24. EBITDA margin reduced 19.8% in Q1 FY25 as against 20.7% in Q1 FY24.

India business reported 9.9% jump in revenue to Rs 1,439.6 crore, mainly driven by 8.5% growth in Domino’s India. Domino’s like-for-like (LFL) came in at 3.0% with Domino’s Delivery LFL at 12.1%. A total of 52 net stores were added across all brands in India. The comapny Added 52 net stores in India across all brands.

In Turkey, Azerbaijan and Georgia, Domino’s system sales came in at Rs 7,15.1 crore. Domino’s Turkey LFL growth was 10.3%. COFFY’s system sales came in Rs 65.7 crore and Coffy LFL growth was 8.7%. The revenue from operations came in at Rs 461.4 crore.

Revenue from Domino’s Bangladesh came in at Rs 17.0 crore, up by 42.2% on the back of accelerated network expansion. Revenue from Domino’s Sri Lanka came in at Rs 17.4 crore, up by 17.0%. A total of 14 net stores were added across all International markets.

S. Bhartia, chairman and Hari S. Bhartia, co-chairman, Jubilant FoodWorks, said, “We achieved solid first quarter results, with broad based growth across markets led by healthy LFL and store growth. We also celebrated network milestones of crossing 3,000 stores at a Group level and setting a new record of operating 2,000+ Domino’s stores in India. India business growth in particular, accelerated with a sharpened valuefor money focus in Domino’s, through delivery fee waiver well supported by continued network expansion. We remain on track to become India’s first foodservice Company to cross $1 bn in group system sales.”

Sameer Khetarpal, CEO and MD, Jubilant FoodWorks, said, “It was indeed a ‘milestone quarter’. JFL delivered a strong quarter with growth across all business lines, expansion in the store network and improvement in margin trajectory. The quality of growth stands out, as it is order-led, monthly active users were at a record high and the Company acquired new customers at the highest-ever rate, beating the industry trend, thus, indicating the belief in our core strategy of being customer first and data-and-technology-forward.”

Jubilant FoodWorks (JFL) is India's largest foodservice company and is part of the Jubilant Bhartia group. Incorporated in 1995, JFL holds the exclusive master franchise rights from Domino's Pizza Inc. to develop and operate the Domino's Pizza brand in India, Sri Lanka, Bangladesh, and Nepal. In India, JFL has a strong and extensive network of 2,029 Domino's stores across 407 cities.

The counter rose 0.29% to ends at Rs 598.80 on Friday, 9 August 2024.

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