Jubilant FoodWorks gains on planning to add 3,000 Domino`s stores in next 12-18 months
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Jubilant FoodWorks is currently trading at Rs. 512.20, up by 1.50 points or 0.29% from its previous closing of Rs. 510.70 on the BSE.
The scrip opened at Rs. 514.65 and has touched a high and low of Rs. 514.65 and Rs. 507.60 respectively. So far 165346 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 756.00 on 20-Jan-2022 and a 52 week low of Rs. 451.60 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 514.65 and Rs. 490.55 respectively. The current market cap of the company is Rs. 33873.15 crore.
The promoters holding in the company stood at 41.94%, while Institutions and Non-Institutions held 47.66% and 10.40% respectively.
Jubilant FoodWorks is planning to add 3,000 Domino's stores in next 12-18 months and 40-50 stores for Popeyes India in next 12-18 months. Under the capex plan, Rs 900 crore will be funded entirely through internal accruals over a period for 12-18 months. Rs 500- 600 crore will be towards stores (including re-imaging and maintenance CAPEX) and Digital, while Rs 300 crore for Commissaries.
Earlier, the company had launched first restaurant of the iconic US Fried Chicken brand, Popeyes, in Chennai. The brand is best known for its bold and famous Louisiana ?style fried chicken and its signature chicken sandwich, which became a phenomenon in the United States and the rest of the globe.
Jubilant FoodWorks is India’s largest and fastest growing food service company. The company and its subsidiary operates Domino’s Pizza brand with exclusive rights for India, Nepal, Bangladesh and Sri Lanka.
