Jubilant Food shares up 0.67% as Nifty drops

NEW DELHI: Shares of Jubilant Foodworks Ltd. traded 0.67 per cent up in Monday's trade at 11:38AM (IST). Around 28,027 shares changed hands on the counter.

The stock opened at Rs 443.1 and touched an intraday high and low of Rs 446.5 and Rs 440.65, 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.

As per BSE, the total market cap of the Jubilant Foodworks Ltd. stood at Rs 29340.02 crore at the time of writing this report.

Key Financials
The company reported consolidated 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-Mar-2023, domestic institutional investors held 15.59 per cent stake in the firm, while foreign institutional investors held 25.39 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 69.62 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.