Jubilant FoodWorks share price target: Brokerage mixed on Domino Pizza maker stock post-Q4 results; should you buy?

Jubilant FoodWorks share price target, Jubilant FoodWorks share price NSE, Jubilant FoodWorks Q4 results 2024: Jubilant FoodWorks Ltd (JFL) shares were on investors' radar, a day after Domino Pizza maker released its March quarter earnings report followed by mixed reactions from global brokerages. Jubilant FoodWorks shares gained nearly five per cent to the day's high of Rs 502.4 on NSE in morning deals. However, giving up the gains, the counter closed at Rs 473.80, down by 1.22 per cent on NSE.

Jubilant FoodWorks Q4 results miss estimates, outlook positive says Anil Singhvi

Zee Business Managing Editor Anil Singhvi expected Jubilant FoodWorks futures to find support at Rs 462 and Rs 470 levels, and to test higher levels of Rs 492 and Rs 497.

Jubilant FoodWorks share price target: Brokerage mixed on Domino Pizza maker stock

Jubilant FoodWorks Q4 results 2024

On Wednesday, the company, which operates fast-food chains - Domino's Pizza and Dunkin' Donuts, reported a multi-fold increase in its consolidated net profit to Rs 208.24 crore for the fourth quarter ended March 2024, helped by exceptional item gains.

Its revenue from operations rose 23.85 per cent to Rs 1,572.79 crore during the quarter. It was Rs 1,269.84 crore in the year-ago period, it added.

The total expenses of JFL, India's largest food service company, increased 28.23 per cent to Rs 1,545.47 crore in the March quarter of FY24.JFL's total income, including other income, rose 23.61 per cent to Rs 1,594.12 crore in the March quarter.

In FY24, Jubilant FoodWorks Netherlands BV, its wholly-owned subsidiary, acquired a further stake in DP Eurasia NV (DPEU) for an aggregate consideration of Rs 7,70.26 crore, increasing its holding to 94.33 per cent in the company, which has an exclusive master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan, and Georgia. Read more on Jubilant FoodWorks Q4 results 2024

Jubilant FoodWorks dividend 2024

Jubilant FoodWorks has approved a 60 per cent dividend, which is Rs 1.20 per equity share of the face value of Rs 2 each for the financial year 2023-24.

(With PTI inputs)

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