Trending Mid Cap Stock: Jubilant Foods quarterly results expected today
DSIJ Intelligence / 17 Jul 2017
Investors are looking forward for the quarterly results of Jubilant Foods, especially after the weak results of last quarter of FY17. The Q1FY18 result of Jubilant Foods is scheduled for today.
Investors are looking forward for the quarterly results of Jubilant Foods, especially after the weak results of last quarter of FY17. The Q1FY18 result of Jubilant Foods is scheduled for today.
As per analysts at CNBC, total income and net profit of the company is expected to rise by 6.3 percent and 6 percent respectively. The store sales growth could be upto 2.9 percent as 10-12 new stores were opened in the first quarter of FY18.
Analysts expect the results to be positive as compared to its last quarter. April-June is the period of school and college vacations, so this period goes well for the company as consumption rate rises. Also, the company has been working towards cost control methods and store rationalization. The raw material prices were comparatively stable in this quarter.
The GST rate applicable for the company, which mainly operates some well-known restaurants in India is 18 percent (earlier 21 percent). Its customers would enjoy this benefit.
On Friday, the stock rose by 5 percent and closed at Rs 1,165.95. Today it has opened at Rs 1,182.80, showing an upside of 1.4 percent.
Jubilant FoodWorks is a company which operates through its food and beverages segment. It operates in India and Sri Lanka.
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