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FMCG stock jumps 8% after reporting 42% YoY increase in net profits

Published 12-11-2024, 12:04 pm
Updated 12-11-2024, 03:45 pm
© Reuters.  FMCG stock jumps 8% after reporting 42% YoY increase in net profits
JUBI
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The shares of the food service provider gained up to 8 percent after the company’s revenue and net profit increased by 42 percent YoY and 16 percent QoQ, respectively, in Q2FY25.

With a market capitalization of Rs 42,906.43 crore, the shares of Jubilant FoodWorks Ltd (NS:JUBI) were trading at Rs 649.50 per share, increasing around 7 percent as compared to the previous closing price of Rs 601.85 apiece.

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Reason for rise:-

The shares of the company have seen positive movement after Jubilant FoodWorks Ltd announced its financial performance in which revenue magnified by 42 percent on a year-on-year basis from Rs 1,369 crore in Q2FY24 to Rs 1,955 crore in Q2FY25. However, on a Quarter-on-Quarter basis, revenue zoomed by 1 percent from Rs 1,933 crore in Q1FY25 to Rs 1,955 crore in Q2Y25.

Moreover, net profit is plummeted by 30 percent on a yearly basis from Rs 97 crore in Q2FY24 to Rs 67 crore in Q2FY25, meanwhile, on a quarter-on-quarter basis, net profit also jumped by 15 percent from Rs 58 crore in Q1FY25 to Rs 67 crore in Q2FY25.

India & turnkey segment:-

In India, revenue rose 9.9% YoY to ₹14.4 billion, with Domino’s seeing 8.5% growth and mature stores achieving their highest ADS in five quarters. The network added 34 stores across six new cities. In Turkey, Domino’s and COFFY sales grew, reaching ₹7 billion and ₹656 million, respectively.

Strategic Initiatives:-

The company reached record customer acquisition levels, reflecting its customer-first strategy, with app Monthly Active Users (MAU) growing 17.5% YoY to 12.1 million. Menu innovation included the launch of a ₹99 Lunch Thali and the Cheese Volcano pizza, enhancing customer engagement and excitement.

Future Outlook:-

Management is optimistic about growth across brands and markets, reaffirming network expansion plans with accelerated store openings. Focused on maintaining margins and enhancing customer value, they expect margin improvements from Q4-2024 lows as customer acquisition and retention strategies drive positive results.

Margin Guidance:-

Management targets EBITDA margin improvement driven by customer acquisition and repeat business growth. Through Project Vijay, they aim to enhance operational efficiencies, helping to manage cost pressures and maintain competitive pricing, ultimately supporting margin expansion and strengthening financial resilience.

Company snapshot:-

Jubilant FoodWorks Limited is an India-based food service company. The Company is engaged in retail sales of food through international and homegrown brands addressing different food market segments. International brands include Domino’s Pizza, Dunkin’ Donuts, and Popeyes.

Written by:- Abhishek Singh

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