Jubilant FoodWorks Stock Surges 7% on Strong Q3 Performance

Jubilant FoodWorks shares jumped 7.4% on Thursday, reaching an intraday high of Rs 688 on the BSE. The company reported a 19% year-on-year increase in standalone revenue to Rs 1,611 crore for Q3FY25, despite a 32.8% decline in net profit to Rs 41 crore. Domino's India saw 34% order growth and 25% delivery revenue growth. Analysts praised the company's focus on fast and free delivery, noting that Jubilant is growing while peers are still recovering. The stock's rise reflects investor confidence in the company's strategy and potential for quick business recovery.

Source: Business Standard