MoneyWorks4Me

Jubilant Foodworks’ promoter group sells 2 lakh shares

27 Mar 2012 Evaluate

Jubilant Foodworks promoter group - Jubilant Enpro has sold 200,000 shares of the company on March 23, 2012 through the open market transaction amounting Rs 22.67 crore. The Group aggregate shareholding as on March 26, 2012 now stands at 56.80%.

Jubilant FoodWorks is India’s largest and fastest growing food service company. The company and its subsidiary operates Domino’s Pizza brand with exclusive rights for India, Nepal, Bangladesh and Sri Lanka.

The company has posted a growth of 55.43% in its net profit of Rs 29.47 crore for the quarter ended December 31, 2011 as compared to Rs 18.96 crore for the same quarter in the previous year. Total income has surged by 49.43% from Rs 186.35 crore for Q3FY11 to Rs 278.46 crore in the quarter under review.

Peers
Company Name CMP
Nestle India 1372.00
Varun Beverages 416.00
Britannia Industries 4990.00
LT Foods 421.80
Hatsun Agro Product 1182.70
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