FMCG Company Reports 59% Fall In Net Profit, Board Approves Dividend

Large cap company operating in Tourism & Hospitality sector, Jubilant Foodworks Ltd on Wednesday declared its standalone net profit declined 59% to Rs 47.5 crore for the quarter ended March as against Rs 116 crore announced in the same quarter last year. Board of directors approved and recommended dividend of Rs 1.20 per equity share. Check details below:

Jubilant FoodWorks Board Approves 60% Dividend: According to the BSE filing of the company, "We wish to inform that the Board of Directors of the Company in its meeting held today i.e. May 17, 2023, inter alia, considered and approved recommendation of dividend of INR 1.20/- (i.e. 60%) per equity share of face value of INR 2/- each for Financial Year 2022-23, subject to the approval of the shareholders in the ensuing Annual General Meeting."

Jubilant FoodWorks Q4: The large cap FMCG company declared a jump of 8% in its revenue from operations to Rs 1252 crore for the fourth quarter ended March, 2023 as against Rs 1158 crore announced in the corresponding quarter of last year. Meanwhile profit after tax (PAT) before exceptional items stood at Rs 67 crore, 42% down.

Its EBITDA (earnings before interest, tax, depreciation and amortisation) witnessed a decline of 13% YoY to Rs 252 crore for the quarter ended March. It is worth noting that its margins fell 488 bps YoY to 20.1%.

"There are near-term concerns around historic high inflation and slowing market growth, but we are confident in our unique ecosystem's ability to tap on the potential that lies ahead of us and reorient the business to deliver sustained profitable growth," said Shyam S Bhartia, Chairman Jubilant FoodWorks.

Jubilant FoodWorks Stock Performance & Return: The last trading price of Jubilant FoodWorks stock is Rs 480.75 apiece with intraday gain of 3.05%. The stock's 52-week high price is Rs 656.20 apiece and 52-week low price is Rs 412.20 apiece, respectively. The company's market capitalisation is Rs 31,722.06 crore.

The shares of Jubilant FoodWorks soared 11% in last 1-month, 5% in last 3-months, declined 13% in last 6-months, 3% in last 1-year, soared 44% in last 3-years and 96% in last 5-years.