Hot Pursuit     18-Dec-24
CRISIL Ratings reaffirms Jubilant FoodWorks' CP rating at 'A1+'
Jubilant FoodWorks (JFL) stated that CRISIL Ratings has reaffirmed its 'CRISIL A1+' rating on the commercial paper programme (CP) of the company.

CRISIL Ratings said that the rating continues to reflect the established market position of JFL in the food service market, robust supply-chain network, over 27 years of experience in the business, supportive operating environment with rising disposable income and a younger population, and strong financial risk profile.

These strengths are partially offset by concentration of revenue and profitability, which is driven by Domino’s Pizza; and its susceptibility to competitive intensity and cost pressures.

The agency further said that a substantial decline in revenue with operating margin falling to below 7-8%, impacting cash generation; and any large, debt-funded capital expenditure or acquisition weakening the financial risk profile substantially on a sustained basis.

Jubilant FoodWorks ranks among the leading emerging markets’ food service companies. Its Group network comprises 3,130 stores (as of September 2024) across six markets – India, Turkey, Bangladesh, Sri Lanka, Azerbaijan and Georgia. The Group has a strong Portfolio of Brands in emerging markets with franchise rights for three global brands - Domino’s, Popeyes and Dunkin’ – and two own-brands, Hong’s Kitchen, an Indo-Chinese QSR brand in India, and a CAFÉ brand - COFFY in Turkey.

The scrip fell 1.02% to currently trade at Rs 676.10 on the BSE.

Previous News
  Jubilant Foodworks consolidated net profit rises 627.12% in the March 2024 quarter
 ( Results - Announcements 22-May-24   16:29 )
  Jubilant Foodworks to convene board meeting
 ( Corporate News - 21-Dec-23   10:50 )
  Jubilant Foodworks to announce Quarterly Result
 ( Corporate News - 27-Apr-23   19:09 )
  Jubilant Foodworks
 ( Results - Analysis 02-Feb-22   17:43 )
  Jubilant FoodWorks to invest additional Rs 30 cr in Jubilant FoodWorks Bangladesh
 ( Corporate News - 22-May-24   20:06 )
  Coca-Cola India acquires 15% stake in Hashtag (an associate company of Jubilant Foodworks)
 ( Corporate News - 17-Apr-23   19:20 )
  Jubilant Food gains after Coca-Cola India buys 15% in Hashtag Loyalty
 ( Hot Pursuit - 18-Apr-23   10:28 )
  Jubilant Foodworks
 ( Results - Analysis 01-Feb-23   18:13 )
  Jubilant Foodworks consolidated net profit rises 7.85% in the December 2021 quarter
 ( Results - Announcements 02-Feb-22   16:03 )
  Domino's Pizza India launches 20-minute delivery guarantee in Bengaluru
 ( Corporate News - 06-Mar-23   13:51 )
  Volumes soar at Jubilant Foodworks Ltd counter
 ( Hot Pursuit - 19-Apr-22   11:00 )
Other Stories
  Shipping Corp Q3 PAT drops 44% YoY to Rs 76 cr
  08-Feb-25   15:44
  Honeywell Automation PAT rises 3% YoY to Rs 132 cr in Q3
  08-Feb-25   14:35
  Oil India Q3 PAT slides 23% YoY to Rs 1,222 crore
  08-Feb-25   13:01
  Delhivery Q3 PAT climbs 113% YoY to Rs 25 cr
  08-Feb-25   11:56
  LIC Q3 PAT rises 17% YoY to Rs 11,056 cr
  08-Feb-25   11:12
  Fortis Healthcare Q3 PAT climbs 84% YoY to Rs 248 cr
  08-Feb-25   08:59
  Balrampur Chini declines as Q3 PAT slides 23% YoY to Rs 70 crore
  07-Feb-25   16:55
  NOCIL slumps after Q3 PAT slips 57% YoY to Rs 13 crore
  07-Feb-25   16:15
  Bikaji Foods slides as Q3 PAT drops 39% YoY to Rs 29 cr
  07-Feb-25   15:35
  DCX Systems drops after Q3 PAT slides 25% YoY to Rs 10 crore
  07-Feb-25   15:34
Back Top