Jubilant Food shares up 2.31% as Nifty gains

NEW DELHI: Shares of Jubilant Foodworks Ltd. traded 2.31 per cent up in Wednesday's trade at 10:05AM (IST). Around 89,310 shares changed hands on the counter.

The stock opened at Rs 424.85 and touched an intraday high and low of Rs 434.0 and Rs 423.65, respectively, in the session so far. The stock of Jubilant Foodworks Ltd. quoted a 52-week high of Rs 652.2 and a 52-week low of Rs 412.2.

Total market cap of the Jubilant Foodworks Ltd. stood at Rs 28591.09 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 1341.38 crore for the quarter ended 31-Dec-2022, up 2.25 per cent from previous quarter's Rs 1311.92 crore and up 9.78 per cent from the year-ago quarter's Rs 1221.88 crore.

The net profit for latest quarter stood at Rs 80.36 crore, down 39.97 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2022, DIIs held 14.49 per cent stake in the firm, while foreign institutional investors held 26.77 per cent and the promoters 41.94 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 67.85 and a price-to-book ratio of 17.88. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Jubilant Foodworks Ltd. belongs to the Restaurant & QSR industry.