Jubilant FoodWorks hits new high, surges 35% in a month on growth prospects of Rs 4,166.40, up 7 per cent on the BSE in intra-day commerce on Wednesday on sturdy growth prospects.
In the previous month, the stock of the quick-service restaurant (QSR) company has rallied 34 per cent following a good set of numbers for the quarter ended June 2021 (Q1FY22). In comparability, the S&P BSE Sensex was up 5 per cent throughout the identical interval.
For Q1FY21, JFL 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.
Income growth was muted in fiscal 2020 as a result of the Covid- 19 scenarios throughout the nation which has briefly affected the traditional operations (together with dine-in) of the eating places. However, in FY2021, JFL noticed gross sales recovery reaching FY2020 ranges in Q32021 and registered wholesome growth in Q42021 on a quarterly basis.
