The board has recommended issue of bonus shares in the proportion of 1 equity share for every 1 equity share held as on the record date.
Shares of Jubilant Foodworks touched 52-week high of Rs 2,668, rising over 2 percent intraday Tuesday as company reported strong numbers in the quarter ended March 2018.
It has posted a net profit of Rs 68.1 crore against Rs 6.7 crore in the same quarter of last year. The firm posted stellar growth of 27 percent in its revenues to Rs 780 crore against Rs 612.8 crore year on year.
At the operating level, the earnings before interest, taxes, depreciation and amortisation (EBITDA) grew to RS 127.9 crore against Rs 60.5 crore year on year. Meanwhile, the operating margin is reported at 16.4 percent, up from 9.9 percent year on year.
It has recommended dividend of Rs 5 per equity share for the financial year ended March 31, 2018.
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The board has also recommended issue of bonus shares in the proportion of 1 equity share for every 1 equity share held as on the record date.
“Our key strategic initiatives undertaken in the past one year such as the launch of All New Domino’s, Every Day Value and sharp focus on Digital sales drove strong growth for us, leading to a six-year high of 26.5% SSG for Domino’s Pizza in the quarter. In Dunkin’ Donuts, we halved our losses in line with our stated commitment through a focus on Donuts and Beverages and shutting of unprofitable stores,” Pratik Pota, CEO and Whole time Director, Jubilant Foodworks said in a statement.
At 14:45 hrs Jubilant Foodworks was quoting at Rs 2,566.35, down Rs 42.95, or 1.65 percent on the BSE.
Posted by Rakesh Patil