Jubilant Food announced its Q4 results on 22nd May, 2024.Net
profit shot up around 630% to Rs 208.20 cr. Dividend: Rs 1.2 per share. It
opened 356 new stores, one store each day, across the country in the financial
year 2024.
Jubilant FoodWorks announced a consolidated net
profit of Rs 208.2 crore for the March quarter, which is seven times higher
than the Rs 28.5 crore recorded during the same period previous year.
The company, which operates Domino's Pizza in
India, reported revenue of Rs 1,572.7 crore, marking a 23.8 percent increase
from Rs 1,269.8 crore in the corresponding quarter in the last year.
The company has recorded an impressive profit of Rs 170 crore.
For the quarter, earnings before interest, tax, depreciation,
and amortization (EBITDA) achieved Rs 310.5 crore, marking a 24.7 percent
increase. Moreover, EBITDA margins improved by 10 basis points year-over-year
to 19.7 %.
The Board of Directors has sanctioned a dividend of Rs 1.2
per equity share, each with a face value of Rs 2, subject to shareholders
approval at the Annual General Meeting for the fiscal year ending March 31,2024 totaling Rs.792 million.
In a recent presentation, the company clarified with
confidence that its new brands are upto the mark to meet the performance
expectations and are on the right track for growth and profitability. Domino’s,
Bangladesh is seeing a faster pace of potential profitable expansion. The
Jubilant Food Park in Bengaluru, attached with an investment of Rs 250 crore,
has greatly boosted the company's supply chain abilities. Additionally, there
have been significant improvements in operational metrics, including Net
Promoter Score (NPS), new customer acquisition, and delivery times under 20
minutes.
Technical
analysis of Jubilant FoodWorks shares:
As per weekly chart the stock is trading above 20 EMA. It has
a small resistance at Rs. 510 level then strong resistance at 520 level, If it
can trade above 520 level it may go upto 600 level in short term. After long
time of down trend the stock has captured some momentum. Fundamentally it is a
strong stock to play for long term wealth creation.
Jubilant Food shares have immediate support at 470 level then
strong support at 435 to 450 zone. Today the stock is trading at 476 0.91%
lower against the last day closing in live market.
Jubilant Food
Works is very volatile stock to trade. Traders and investors should research
carefully before making any investment decision.
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