While revenue growth is expected to stay strong, margins could come under pressure in the near term
Operating revenue down slightly, massive closure of outlets due to pandemic affected overall business
The Nifty Pharma index edged up 3 per cent, followed by gains in the Nifty PSB index (up 2.3 per cent), and the Nifty Pruvate Bank index (up 2 per cent)
Food services firm Jubilant FoodWorksoperates Domino 's Pizza and Dunkin" Donuts chains in India
Petitions were listed today before the division bench for hearing, but due to elevation of one of the judges, a change in the roster is expected
Jubilant Foodworks Ltd operates fastfood chains Domino's Pizza and Dunkin' Donuts in India
Valuations, however, are factoring in near-term benefits of growth and consolidation
Jubilant FoodWorks' stock has rallied 8% in the past two trading days
Westlife Development, the company that holds the master franchise in western India and South India for McDonald's, has a market cap of Rs 7,312 crore
Shares of BKIL were locked in the 20% upper circuit band, at Rs 199.25, on the BSE for the third straight day
Market share gains, scaling up of network and takeaway trends to aid revenue growth
The company said its EBITDA margins increased by 290 basis points year-on-year at 26.7 per cent in Q2FY21
Jubilant FoodWorks Ltd, which operates fast-food chains Domino's Pizza and Dunkin' Donuts, closed a total of 105 stores in the July-September quarter, the company said.
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In past one month, the stock has gained 25 per cent against a 1.2 per cent rise in the S&P BSE Sensex.
Higher share of delivery led to faster business recovery and better margins
The company said the revenue recovery improved significantly, with a recovery of 69.8 per cent in July and 84.6 per cent in August
Its revenue from operations declined 59.07 per cent to Rs 388.41 crore during the quarter under review as against Rs 949.11 crore in the corresponding quarter last fiscal
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These rating strengths are partially offset by the weaker performance of the doughnuts division (Dunkin Donuts) and susceptibility of profitability to competitive intensity and cost pressures