Jubilant Foodworks Q2 Results Live : Jubilant Foodworks has announced its Q2 results on November 11, 2024, revealing a significant increase in revenue but a sharp decline in profit. The company’s topline surged by 42.82% compared to the same quarter last year, marking a notable growth trajectory.
However, the profit for the quarter took a hit, decreasing by 34.11% year-over-year. On a quarter-over-quarter basis, revenue saw a modest growth of 1.12%, while profit rebounded with a 14.78% increase.
The financial details further indicate that selling, general, and administrative expenses rose by 2.48% sequentially and jumped by 29.87% year-over-year, contributing to the profit decline. In addition, operating income experienced a slight dip of 1.19% compared to the previous quarter, though it showed a robust increase of 45.7% on a year-over-year basis.
Jubilant Foodworks reported an earnings per share (EPS) of ₹1.05 for Q2, which reflects a decrease of 28.87% from the same period last year. Despite these challenges, the company has demonstrated resilience, delivering a 6.15% return over the past week, a 27.43% return in the last six months, and a 6.54% year-to-date return.
As of November 12, 2024, Jubilant Foodworks holds a market capitalization of ₹39,582.56 crore, with its stock trading between a 52-week high of ₹715.45 and a low of ₹421.05. Analyst sentiment is mixed, with out of 27 analysts covering the stock, 8 have issued a Sell rating, 8 a Hold, 5 a Buy, and 6 a Strong Buy. The consensus recommendation remains to Hold, reflecting cautious optimism amidst the recent profit decline.
Jubilant Foodworks Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1954.72 | 1933.06 | +1.12% | 1368.63 | +42.82% |
| Selling/ General/ Admin Expenses Total | 336.82 | 328.66 | +2.48% | 259.36 | +29.87% |
| Depreciation/ Amortization | 201.43 | 183.54 | +9.75% | 141.88 | +41.98% |
| Total Operating Expense | 1757.57 | 1733.54 | +1.39% | 1233.32 | +42.51% |
| Operating Income | 197.15 | 199.52 | -1.19% | 135.31 | +45.7% |
| Net Income Before Taxes | 86.99 | 79.63 | +9.24% | 120.53 | -27.83% |
| Net Income | 64.05 | 55.8 | +14.78% | 97.2 | -34.11% |
| Diluted Normalized EPS | 1.05 | 0.93 | +11.9% | 1.47 | -28.87% |
