Shares of Jubilant FoodWorks hit
new high of Rs 2,668 per share, up 2% on the BSE, bouncing back 5% from their
intra-day low after the company reported more than 10-fold jump in net profit
at Rs 681 million in March 2018 quarter (Q4FY18). It had profit of Rs 67
million in a year ago quarter.
Revenue from operations during the quarter under review grew 27%
year on year (y-o-y) at Rs 7,798 million against Rs 6,128 million in the
corresponding quarter of previous fiscal. EBITDA (earnings before interest,
tax, depreciation and amortization) margin improved 650 bps to 16.4% in Q4FY18
from 9.9% in Q4FY17.
The 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 the company, leading to a six-year high of 26.5% same store growth
(SSG) for Domino’s Pizza in the quarter.
“The strong performance in Q4 FY 18 was driven by the continued
success of All New Domino’s product upgrade rolled out in August and the
traction of the Every Day Value pricing that provides customers attractive
value for money. In addition, strong growth in online sales also contributed to
overall growth, with online sales now contributing to 63% of delivery sales,” Jubilant FoodWorks said in a release.
Meanwhile, the board has recommended issue of bonus shares in the
ratio 1:1 i.e. issue of 1 bonus share for every 1 equity shares held by the
shareholders of the company on record date. The board also recommended dividend
of Rs 5 per equity share of Rs 10 each.
At 02:07 pm; the stock was trading 0.5% lower at Rs 2,594, as
compared to 0.05% rise in the S&P BSE Sensex. The trading volumes on the
counter jumped more than seven-fold with a combined 4.12 million shares changed
hands on the NSE and BSE so far.
In past one year, the stock outperformed the market by surging
157% against 18% rise in the benchmark index.
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