Jubilant Foodworks reported a consolidated net profit of Rs 69.06 crore in the first quarter ended June 30, aided by higher revenues despite the second wave of COVID-19 disrupting operations.
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New formats of chicken, biryani and Chinese offer incremental opportunities
This comes after the company reported over three fold jump in its consolidated net profit for the fourth quarter
The company witnessed around 90 per cent recovery in both April and May versus pre-COVID levels, despite dine-in being minimal
The firm's revenue from operations stood at Rs 1,037.85 crore in Q4, up 14.21 per cent from Rs 908.75 crore in the corresponding period a year ago
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The firm operates fast-food chains Domino's Pizza and Dunkin' Donuts in India
Jubilant FoodWork's stock price is forming bullish higher top, higher bottom formation on the weekly and monthly charts
Data is worth 13 terabytes and also includes 180 million orders with phone nos, emails, addresses, and payment details, says intelligence firm chief
Analysts say shift to organised biz will bring more consumers to restaurants
Profitability of recent initiatives hinges on cost synergies and pace of rollout
Food services major Jubilant FoodWorks has entered into an exclusive master franchise and development agreement with PLK APAC Pte Ltd, a subsidiary of Restaurant Brands International Inc, to develop, establish, own and operate hundreds of Popeyes restaurants in India, Bangladesh, Nepal and Bhutan.The US multinational chain of fried chicken fast food restaurants has more than 45 years of history and culinary tradition. Popeyes distinguishes itself with a New Orleans style menu featuring chicken sandwich, spicy chicken, chicken tenders, fried shrimp and other regional items."We are happy to announce the signing of a multi-country agreement to acquire the exclusive rights to operate and sub-license the iconic Popeyes brand in India and neighbouring countries," said Chairman Shyam S Bhartia and Co-Chairman & Managing Director Hari S Bhartia."Popeyes will be an exciting addition to the Jubilant FoodWorks portfolio and is expected to become one of the key drivers of growth for us in ..
Amid second wave of Covid-19 in India, analysts believe investors will be better off if they avoid QSR, multiplex, or travel-related stocks till the situation improves
Move is expected to result in passive inflows of $89 million (Rs 650 cr) in Tata Consumer. Gail could see outflows of $57 million (Rs 410 cr)
Noting that the deal looks promising in terms of strategic investment, the stock price may have already priced-in the positives, say analysts
Fides is the beneficial owner of 32.81 per cent of equity shares of DP Eurasia NV, which is a public company listed with London Stock Exchange Plc
Jubilant Foodworks operates Domino's Pizza and Dunkin' Donuts chains in India
Jubilant FoodWorks is awaiting relaxations in dine-in restrictions imposed by the government for the restaurant industry similar to that for multiplexes to ramp up growth.
As the Covid impact abates further, the management believes that the company is in for a period of strong, sustained growth in the future