Jubilant FoodWorks , which runs Domino's Pizza and Dunkin Donuts chains in India, disclosed a 31.09 percent fall in standalone net profit at Rs 18.99 crore for the first quarter ended June 30. The company had noted a net profit of Rs 27.56 crore in the same period of previous financial year.
Nonetheless, total income from operations shot up by 6.69 percent to Rs 608.91 crore during the quarter under review as compared to Rs 570.68 crore in the year-ago period, according to Jubilant Food. Commenting on results, the Chairman of Jubilant Foodworks, Shyam S Bhartia and Co Chairman Hari S Bhartia mentioned that a constrained consumption environment had an impact on the entire performance in the first quarter of 2016-17. Since then, exciting new product introductions have played a key role in driving sales. They are hopeful to see improved performance in the second quarter.
During the quarter, same store growth (SSG) went down 3.2 percent. Considering the reason for fall in net profits, the company said is of the view that profit after tax shows the impact of curbed revenue growth and SSG in the quarter owing to weak consumer sentiment. Presently, the company operates 1,062 Domino's Pizza and 73 for Dunkin' Donuts outlets. In news, the company informed that its Board of Directors has appointed Sachin Sharma as the Chief Financial Officer and Key Managerial Personnel of the company with immediate effect.
The company has a market cap amounting to Rs. 7789.15 (Cr) with a book value of Rs. 111.25. The 52 week high of Jubilant Food share price is seen at Rs. 1689.60 (06-Oct-15) while the 52 week low of the stock is recorded at Rs. 887.35 (12-Feb-16).
Check the resistance and support level of at Jubilant Food share price forecast. For more details, refer to the Jubilant Food share price history page of Dynamic levels.
No comments:
Post a Comment