&w=3840&q=100)
Jubilant FoodWorks shares slip 3% even as Q1 revenue remains steady
Domino's chain operator's stock fell as much as 3.03 per cent during the day to ₹688.5 per share, the steepest intraday fall since May 8 this year. The stock trimmed some losses to trade 2.5 per cent lower at ₹691.7 apiece, compared to a 0.04 per cent decline in Nifty 50 as of 11:03 AM.
Shares of the company currently trade at 2.6 times the average 30-day trading volume, according to Bloomberg. The counter has fallen 4.2 per cent this year, compared to a 7.7 per cent advance in the benchmark Nifty 50. Jubilant FoodWorks has a total market capitalisation of ₹45,730.57 crore.
Jubilant FoodWorks Q1 business update
The company's consolidated revenue from operations rose 17.0 per cent Y-o-Y to ₹2,261.4 crore, according to an exchange filing. On a standalone basis, revenue stood at ₹1,701.6 crore, up 18.2 per cent over the previous year.
Domino's India delivered a healthy like-for-like (LFL) sales growth of 11.6 per cent. However, Domino's Turkey reported a decline of 2.2 per cent in LFL growth, post-IAS-29 adjustments.
The total store network of the Jubilant FoodWorks Group reached 3,389 at the end of the quarter, with a net addition of 73 stores, the statement said. In India, Domino's added 61 new stores, taking the total count to 2,240. The Turkey business opened seven stores and closed one, ending with 752 stores.
Jubilant FoodWorks Q4 results
Jubilant FoodWorks posted a net profit of ₹49.3 crore in the fourth quarter of the financial year 2024-25, marking a 76.3 per cent decline from ₹208.24 crore in the same period last fiscal.
However, the company posted a 33 per cent growth in revenue from operations to ₹2,103.18 crore, compared to ₹1,573.795 crore revenue from operations in Q4FY24.
At the operating level, consolidated earnings before interest, tax, depreciation, and amortisation (Ebitda) surged 24.8 per cent Y-o-Y to ₹388.6 crore. However, Ebitda margin squeezed 131 basis points (bps) to 18.5 per cent.
About Jubilant FoodWorks
Jubilant FoodWorks, a key player in India's foodservice industry and part of the Jubilant Bhartia Group, holds exclusive master franchise rights for renowned international brands such as Domino's Pizza and Dunkin' Donuts across India, Sri Lanka, Bangladesh, and Nepal.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 hours ago
- Time of India
Stock market this week: Key factors expected to influence D-Street
NEW DELHI: Markets ended the week with over 1% losses, dragged down by ongoing global tariff uncertainties and a weak start to the first-quarter earnings. Despite a stable start, across the first three sessions, selling pressure in final sessions pulled both the Indian benchmark indices BSE Sensex and Nifty50 near weekly lows. Sensex dropped 689.81 points, or 0.83%, to settle at 82,500.47, while the Nifty50 declined 205.40 points, or 0.81%, to close at 25,149.85 on Friday. Adding to the pressure, the Nifty50 breached its crucial short-term support, the 20-day Exponential Moving Average (EMA), altering the recent bullish sentiment and suggesting the potential for extended consolidation or range-bound movement in the coming sessions. "Looking ahead, two key factors will drive the next directional move: Q1 Earnings Season - Investors will closely track corporate results for signs of margin stability, demand recovery, and management commentary, especially amid a mixed macro backdrop," Sudeep Shah, Head of Technical and Derivatives Research, SBI Securities told ANI. Progress on the Tariff Front - Any clarity or resolution on global tariff-related tensions could significantly influence risk sentiment and capital flows," he added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Key factors expected to influence D-Street in the upcoming week: A range of domestic and global developments is expected to steer investor sentiment and market movements in the coming week. Here's a breakdown of the major triggers: 1. Q1 Earnings Season in Focus: With the corporate earnings season gathering pace, several heavyweight companies are set to release their April-June results. Market participants will closely watch numbers from HCL Tech, Tech Mahindra, Axis Bank, ICICI Bank, Wipro, JSW Steel, L&T Finance, and HDFC Bank, among others, for cues on sectoral strength and business outlook. 2. Key inflation data: Macroeconomic indicators will also play a role, with key inflation figures expected both in India and the US On July 14, India will release the WPI and CPI inflation data, which will offer fresh insight into pricing trends and could impact the RBI's policy outlook. Globally, attention will shift to the US inflation print, with the June CPI (YoY) data due on July 15, followed by the PPI (MoM) and Industrial Production (MoM) on July 16. These numbers will help gauge inflationary pressure and the state of manufacturing in the US. 3. US Initial and Continuing Jobless claims: The week will wrap up with the release of US Initial and Continuing Jobless Claims on July 17, important indicators of labor market health. These data points are likely to influence investor sentiment amid ongoing speculation around global interest rate cuts. 4. Global uncertainty: There is uncertainty over potential new US tariffs under the Trump administration that continues to keep markets on edge. However, optimism around a possible US-India trade agreement may support investor confidence. 5. Active IPO market: A flurry of public issues, including listings of Crizan Ltd and Glen Industries, will keep primary market activity buzzing. The IPO pipeline remains strong, offering both risks and opportunities for investors. 6. Technical outlook: Technically, Nifty has slipped below its recent swing low and the 21-day EMA, signaling short-term weakness. The index is now approaching support at the 200-hourly moving average. "On the downside, the 24,500–24,900 zone will act as a key support area, while on the upside, 25,550 remains a critical hurdle in the event of a rebound, with major resistance at 25,750," Ajit Mishra – SVP, Research at Religare Broking told ET. 7. Rupee remain volatile: The Indian rupee closed the week weaker by 0.11% at 85.73, pressured by weak equities, firm commodity prices, and rising global uncertainties. With the dollar index climbing to 97.75, the rupee may remain volatile within a range of 85.25 to 86.20 in the coming days. Markets will stay cautious amid ongoing tariff talks and geopolitical shifts. 8. FII-DII flows: The pattern of institutional activity will be tracked closely. On Friday, FIIs were net sellers to the tune of Rs 5,155.68 crore, while DIIs were net buyers at Rs 3,482.95 crore. Any reversal in this trend may influence market direction. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
2 hours ago
- Mint
Worldline Turmoil Hands Swiss Bourse a $300 Million Headache
(Bloomberg) -- Romeo Lacher was full of ideas when he sold the payment services division of Switzerland's stock exchange SIX Group AG to French firm Worldline SA in 2018. The 2.75 billion Swiss franc ($3.5 billion) deal gave SIX a 27% stake in Worldline and would provide SIX with an 'extreme' amount of firepower to participate in Europe's consolidating market infrastructure sector, Lacher, then chairman of SIX, said at the time. He later held the same position at Swiss wealth manager Julius Baer Group Ltd., before exiting earlier this year. Seven years later, SIX's remaining Worldline stake has turned into a millstone around the bourse's neck, trading more than 90% lower than at the time of the tie-up. The exchange is now likely facing a third writedown in as many years following the recent collapse in Worldline's share price as a result of fraud allegations in various European publications last month. Worldline has denied the allegations and its chief executive officer has decried the media reports, calling them outdated and part of an orchestrated media campaign against the firm. The bourse's current stake of roughly 10% in Worldline was valued in its accounts at just under €400 million ($467 million) at the end of 2024. That was already at a premium to its €250 million market value, which has fallen further this year to around €110 million. SIX is now reviewing potential actions for the shareholding, according to people familiar with the matter, including carrying out a test to determine if further impairment is required. The wait-and-see approach is not an option anymore, said one of the people, who all asked not to be identified discussing private information. SIX already booked an impairment on its Worldline stake of around 860 million Swiss francs for the fourth quarter of 2023 linked to a cut to the company's outlook and the scrapping of its revenue target. The exchange also adjusted its 2024 net profit to account for another 168 million Swiss francs impairment on the stake. SIX's largest shareholder is UBS Group AG, with a roughly 35% stake. Representatives for UBS, Worldline and SIX declined to comment. Lacher didn't respond to a request for comment. Daniel Schmucki, SIX's chief financial officer and a former aviation industry executive, has sat on Worldline's board for the past five years, a period in which the exchange has repeatedly described its holding in Worldline as 'strategic.' Worldline shares dropped 38% on June 25 after media outlets published reports that the firm had ignored warnings from regulators and continued doing business with risky clients with high fraud rates, including pornographers and dating websites. The repeated impairments put the bourse at a disadvantage to peers in an industry that has been using major acquisitions to grow and consolidate and is searching for new revenue streams coming from data and private markets. It's a far cry from 2020, when SIX sold a chunk of its original 27% stake in Worldline to finance the acquisition of the operator of Spain's stock exchange. But since then, SIX has turned down opportunities to reduce its remaining Worldline stake, the people said. Read: Swiss Bourse Loses $1.1 Billion After Investment Impairments Worldline has hired an external firm to go through its portfolio of risky clients as the payments firm seeks to restore trust, Chairman Wilfried Verstraete told the newspaper Les Echos. SIX is set to publish second-quarter earnings at the end of July. --With assistance from Sam Nagarajan. More stories like this are available on
Mint
2 hours ago
- Mint
JPMorgan Tells Fintechs to Pay Up for Customer Data Access
(Bloomberg) -- JPMorgan Chase & Co. has told financial-technology companies that it will start charging fees amounting to hundreds of millions of dollars for access to their customers' bank account information – a move that threatens to upend the industry's business models. The largest US bank has sent pricing sheets to data aggregators — which connect banks and fintechs — outlining the new charges, according to people familiar with the matter. The fees vary depending on how companies use the information, with higher levies tied to payments-focused companies, the people said, asking not to be identified discussing private information. A representative for JPMorgan said the bank has invested significant resources in creating a valuable and secure system that protects consumer data. 'We've had productive conversations and are working with the entire ecosystem to ensure we're all making the necessary investments in the infrastructure that keeps our customers safe,' the spokesperson said in a statement. The fees — expected to take effect later this year depending on the fate of a Biden-era regulation — aren't final and could be negotiated. The charges would drastically reshape the business for fintech firms, which fundamentally rely on their access to customers' bank accounts. Payment platforms like PayPal Holdings Inc.'s Venmo, cryptocurrency wallets such as Coinbase Global Inc. and retail-trading brokerages like Robinhood Markets Inc. all use this data so customers can send, receive and trade money. Typically, the firms have been able to get it for free. Many fintechs access data using aggregators such as Plaid Inc. and MX, which provide the plumbing between fintechs and banks. The fees — which vary based on the use cases currently under discussion — could be passed from the aggregators to the fintechs and, ultimately, consumers. The aggregator firms have been in talks with JPMorgan about the charges, and those are constructive and ongoing, another person familiar with the matter said. There have been some concerns about the number of times aggregators request customer data, the person said. Shares of fintech firms and payments companies including Block Inc. and Affirm Holdings Inc. fell Friday on the news, with PayPal dropping as much as 6.5%. JPMorgan's move comes as the fate of a controversial data-sharing rule hangs in the balance. The open-banking measure, finalized in October by the Consumer Financial Protection Bureau, enables consumers to demand, download and transfer their highly-coveted data. It also requires banks to share that data with another lender or financial services provider for free. Proponents argue the rule enables customers to access a wider pool of financial services, fosters greater competition and boosts data security. But the banking industry, which immediately sued to block the measure, said the arrangements could stoke fraud and expose them to greater liability. Under Donald Trump, a much-stripped back CFPB has asked a federal judge to vacate the open-banking rule, leaving its future in question. That judge has authorized the Financial Technology Association, a trade group with members affected by the fees, to defend the rule. The issue has become contentious at times. PNC Financial Services Group Inc. sued Plaid in 2020 alleging it copied the look of PNC's login screen, misleading the bank's customers into providing Plaid with their login credentials. The firms resolved the legal battle with a customer-data sharing deal last year. JPMorgan Chief Executive Officer Jamie Dimon said in April that customers should know exactly what data is shared and how it is used. Third parties should pay for banking system access and be prevented from using the data beyond what was authorized, he said. His bank has no problem with data sharing, provided it's properly done, he wrote in his annual letter to shareholders. 'Third parties want full access to banks' customer data so they can exploit it for their own purposes and profits,' he said. 'Banks provide fantastic services, and it's time to defend ourselves – in the public realm or in court if need be.' Steve Boms, executive director of the Financial Data and Technology Association of North America, said JPMorgan's move exploits regulatory uncertainty 'to levy an arbitrary and punitive tax on competitive offerings.' He called it a 'blatant effort to curtail innovation and undermine a stronger American financial system.' JPMorgan's proposed fees in some cases would eclipse the revenue certain companies generate on a single transaction by as much as 1000%, one of the people familiar said. Lower-income customers may also be harmed by restricted access to payments and budgeting apps through fees, said David Silberman, a senior advisor to the Financial Health Network and a former top CFPB official. 'Consumers are getting a lot of value today by permissioning access to their financial data by trusted third parties,' Silberman said. (Updates with additional background, comments, throughout.) More stories like this are available on
