Tag: gains35percent in a month

Jubilant Food share hits new high, gains 35 percent in a month

Wednesday, August 18, 2021
Shares of Jubilant FoodWorks gained 7 percent intraday and hit a new high of Rs 4166.40 on the BSE on Wednesday on strong growth prospects. The stock price of the Quick Service Restaurant (QSR) company rallied over 34% in the past month due to robot quarterly performance in the first quarter of FY22 (Q1FY22) and healthy growth prospects. Jubilant Foodworks Ltd, operates three international brands, Domino’s Pizza, Dunkin' Donuts, and Popeyes. Jubilant FoodWorks aims to “transform itself into a food-tech powerhouse” after reporting a robust recovery from the second COVID wave, the company said. For Q1FY21, JFL reported a consolidated net profit of Rs 69.06 crore in the first quarter ended June 30, It had posted a consolidated net loss of Rs 74.47 crore in the same quarter last fiscal. Its revenue from operations in the first quarter stood at Rs 893.19 crore as compared to Rs 388.41 crore in the corresponding period last year Read more