Jubilant Food shares down 1.9% as Nifty drops

NEW DELHI: Shares of Jubilant Foodworks Ltd. traded 1.9 per cent down in Wednesday's trade at 01:49PM (IST). Around 33,803 shares changed hands on the counter.

The stock opened at Rs 505.0 and touched an intraday high and low of Rs 505.75 and Rs 496.3, respectively, in the session so far. The stock of Jubilant Foodworks Ltd. quoted a 52-week high of Rs 652.2 and a 52-week low of Rs 412.2.

As per BSE, the total market cap of the Jubilant Foodworks Ltd. stood at Rs 33002.16 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 1343.88 crore for the quarter ended 30-Jun-2023, up 4.21 per cent from previous quarter's Rs 1289.6 crore and up 6.17 per cent from the year-ago quarter's Rs 1265.75 crore.

The net profit for latest quarter stood at Rs 28.92 crore, down 74.35 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2023, DIIs held 15.97 per cent stake in the company, while foreign institutional investors held 25.22 per cent and the promoters 41.94 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 122.52 and a price-to-book ratio of 14.26. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Jubilant Foodworks Ltd. belongs to the Restaurant & QSR industry.