Jubilant FoodWorks share price drops over 5% after Q2 results 2023

In this article, we will talk about the Jubilant FoodWorks share. Jubilant FoodWorks Limited is one of the most extensive Indian food services companies. This company is a part of the Jubilant Bhartia Group. The firm was incorporated in 1995 and holds the exclusive master franchise rights from Domino’s Pizza Inc. to extend and operate the Domino’s Pizza brand in India. This company achieved huge success because of its amazing services. Now thousands of people are super curious to know about the Jubilant FoodWorks share price. In this article, we will try to give complete information about the news, so let’s continue the article.

Jubilant FoodWorks

Jubilant FoodWorks share price drops

On 26 October 2023, Thursday Jubilant FoodWorks shares worth descended more than 5% a day after the company said its September quarter earnings. Jubilant FoodWorks stake cost unlocked at 11 against the previous close of 528.40 and soon fell through 5% to the level of 499.55. The stock sold at 5.07% more down at 501.60 on the BSE around 9:30 a.m.Jubilant Food stock has performed poorly in the last year. The stock has fallen more than 15 percent in the last year, while the benchmark Sensex is up about 6% at the same time. Scroll down to the next page for more information about the news.

Jubilant FoodWorks Q2 results

Currently, this news has been making headlines on the internet as lots of people are super curious to know about the Q2 results of Jubilant FoodWorks. According to the report, after market hours on Wednesday, 25 October, Jubilant FoodWorks, which possesses Domino’s Pizza franchises, Popeyes restaurants in India, and Dunkin restaurants reported a 39.5% year-on-year (YoY) decline in standalone earnings after tax (PAT) at 72.1 crores for Q2FY24 against a profit of 119.2 crores in the connected quarter of the last financial year. You are on the right page for more information about the news, so please read the complete article.

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As far as we know, income from procedures for the quarter rose 4.5% year on year to 1344.8 crore from 1,286 crore in the identical quarter the previous year. Jubilant FoodWorks’s gross earnings for the quarter was 1,027 crore up 4.7%. Gross margin came in at 76.4%. EBITDA came in at 280.7 crore and EBITDA margin stood at 20.9%. The company declared its development was driven by Domino’s Delivery channel sales which increased by 7.9 per cent. Average daily sales (ADS) of mature stocks stood at 81,658, up 1.4 % consecutively. Here we have shared all the information that we had. Stay tuned to us for more updates.

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Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.