Jubilant FoodWorks jumps on launching first restaurant of US Fried chicken brand Popeyes in Chennai
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Jubilant FoodWorks is currently trading at Rs. 504.15, up by 8.55 points or 1.73% from its previous closing of Rs. 495.60 on the BSE.
The scrip opened at Rs. 495.05 and has touched a high and low of Rs. 505.90 and Rs. 493.00 respectively. So far 22327 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 784.27 on 18-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. 505.90 and Rs. 485.85 respectively. The current market cap of the company is Rs. 33243.00 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 (JFL) has 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. With more than 3900 restaurants in over 30 countries, the popularity of Popeyes has been unbroken and the brand has seen successful launches in many countries, most recently with hundreds lining up to try Popeyes in UK, Korea, Romania, China, Indonesia, and more. Popeyes is now riding the bandwagon to treat Chennai makkal with lip?smacking and delicious flavours of its Louisiana?style Cajun chicken.
The flagship entry of Popeyes was marked in India with the opening of its first restaurant in Bengaluru, followed by rapid expansion to 12 restaurants across the city in less than a year, underlining the growing popularity of the brand among Indian guests.
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.
