Jubilant Food shares up 2.35% as Nifty gains

NEW DELHI: Shares of Jubilant Foodworks Ltd. traded 2.35 per cent up in Friday's trade at 11:16AM (IST). Around 16,365 shares changed hands on the counter.

The scrip opened at Rs 457.8 and touched an intraday high and low of Rs 466.45 and Rs 453.9, respectively, in the session so far. The stock of Jubilant Foodworks Ltd. quoted a 52-week high of Rs 586.35 and a 52-week low of Rs 420.85.

As per BSE, the total market cap of the Jubilant Foodworks Ltd. stood at Rs 30019.66 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 1382.27 crore for the quarter ended 31-Dec-2023, up 0.48 per cent from previous quarter's Rs 1375.69 crore and up 3.05 per cent from the year-ago quarter's Rs 1341.38 crore.

The net profit for latest quarter stood at Rs 65.71 crore, down 18.24 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2024, DIIs held 19.98 per cent stake in the firm, while foreign institutional investors held 23.24 per cent and the promoters 41.94 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 131.46 and a price-to-book ratio of 14.26. 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.