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New Delhi, <keyword id="95677" type="General" weightage="20" keywordseo="Jubilant-Foodworks" source="Orion">Jubilant Foodworks</keyword> Ltd on Tuesday said it plans to acquire an additional 51.16 per cent stake in DP Eurasia NV, the exclusive master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan and Georgia, through a subsidiary for a consideration of up to EUR 73.36 million (nearly Rs 670 crore). Jubilant Foodworks Netherlands B.V (JFN), the company's wholly-owned arm holds 48.84 per cent ordinary shares of DP Eurasia -- which is the largest pizza delivery company in Turkey, Jubilant Foodworks Ltd (JFL) said in a regulatory filing. JFN proposes to acquire, through any permissible mode including open offer, market purchase, the entire issued and outstanding ordinary share capital of DP Eurasia NV not already held by it at a price of up to 85 pence per share from existing shareholders of DP Eurasia, the filing added. "Aggregate purchase consideration shall be up to EUR 73.36 million approximately," it said adding it would be an all-cash consideration. DP Eurasia, together with its subsidiaries, offers pizza delivery and takeaway/eat-in facilities at its 694 stores (678 in Turkey, 10 in Azerbaijan and 6 in Georgia as on October 31, 2023), JFL said, adding it operates an asset-light, scalable business through franchised stores contributing 88 per cent to the overall stores. "It is the largest pizza delivery company in Turkey. In addition to the pizza business, the group also has its own coffee brand, COFFY, which trades from 67 stores at period-end, 78 per cent of which are franchised," the filing said. For funding the acquisition, JFN would be using a combination of existing term-loan facility availed from HSBC, which is backed by corporate guarantee issued by JFL and avail a new long-term facility from HSBC, again backed by corporate guarantee to be issued by JFL in favour of HSBC, the filing said. JFL said it will guarantee the repayment obligations of JFN towards HSBC up to an amount of EUR 60 million in addition to the existing guarantee amounting to EUR 45.89 million issued by it for securing the repayment obligations of existing term-loan facility availed by JFN from HSBC.

Jubilant Foodworks plans to acquire additional 51.16% stake in DP Eurasia for up to Rs 670 cr

<ul><li>The rise in cheese and wheat prices affected the Q4 profits of companies that operate <keyword id="58553" type="General" weightage="20" keywordseo="pizza-hut" source="Orion">Pizza Hut</keyword>, Domino’s and <keyword id="6376241" type="General" weightage="20" keywordseo="kfc" source="Orion">KFC</keyword>. </li><li>The companies say that consumer sentiment is weak, and do not see it changing in the near term either. </li><li>QSR companies are working on value products and have ruled out price hikes, especially in the pizza category. </li></ul>Indian quick service restaurant (QSR) operators – <keyword id="13306" type="General" weightage="80" keywordseo="devyani" source="Orion">Devyani</keyword> International and <keyword id="95677" type="General" weightage="80" keywordseo="jubilant-foodworks" source="Orion">Jubilant Foodworks</keyword> both reported a year-on-year (YoY) fall in net profit in the fourth quarter, hurt by a rise in input costs. In the last one year, prices of the key ingredients of pizzas and burgers i.e. cheese and flour went up by 40% and 21%, respectively. The companies operate franchises of Pizza Hut, KFC, Domino’s, Costa Coffee and more. While KFC was able to raise prices marginally by 3.5% during the year to pass on some of the rise in poultry prices, pizza, which is a high-value category, leaves little room for price hikes. Operators of Pizza Hut and Domino’s have consciously not taken a price hike in the pizza category, and don’t see them going up in the next few quarters either. In addition to raw material inflation, the operators’ ability to increase prices during the same period were also low as Indians cut back on their discretionary spending. While Q4 is a seasonally weak quarter for QSRs due to the effect of festivals like Navratri and Ramadan – when people undertake fasting, the consumer sentiment is also weak, say analysts. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 Net Profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">YoY change </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">YoY change </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jubilant Foodworks </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹28.54 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-70% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,269.85 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Devyani International </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹59.87 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-21% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹754.97 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">27.8% </td></tr></tbody></table> Source: PTI Pizzas harder hit than burgers Devyani’s same-store sales growth (SSSG) — which measures the sales of its stores that existed for over a year — went up a marginal 2% for KFC. For Pizza Hut, SSSG declined by 3.2% year-on-year, as per a research report by Nuvama. <keyword id="3742694" type="General" weightage="80" keywordseo="sapphire-foods" source="Orion">Sapphire Foods</keyword>, which also operates Pizza Hut and KFC, showed similar growth in Q4. SSSG for its KFC outlets grew 2%, while Pizza Hut outlets saw it decline by 4%. The management has also guided for a tough year ahead in terms of growth. “Management expects 5-7% SSSG for Pizza Hut over next FY25-28 while FY24 would be challenging. Management expects Pizza Hut restaurant EBITDA margin would be in the range of 10-11% if SSSG stays positive,” says a Centrum report on Sapphire Foods. EBITDA refers to earnings before interest, taxes, depreciation and amortisation. The commentary from Jubilant Foodworks’ management is not encouraging either. “As per JFL, from a consumer sentiment perspective, things won’t change anytime soon,” said a Nuvama report. As the company expects <keyword id="17449721" type="General" weightage="20" keywordseo="cheese-prices" source="Orion">cheese prices</keyword> to remain high in the coming future, it is working on a value range of products to tide over the dual impact of rising input costs and weakening sentiment. “The decline in average order value (AOV) is not driven by value launches but by inflation. This gives the company confidence that once sentiments improve, there will be natural up trending,” said Nuvama. Vijay Jain, the chief financial officer of Sapphire Foods, hopes for a recovery in the next one year. “While the demand conditions have impacted those transaction growth, we believe we are at the bottom of it. Hopefully, we believe that over the next 12 months, we should start seeing some small amount of recoveries where we can gain our restaurant EBITDA margins back up by a few basis points, if not more,” he said on an earnings call. Long-term opportunities seen In addition to these pressures, local competition who offer aggressive discounting and cannibalisation is also affecting the sales of high-value products across the QSR segment. Yet, analysts see all these factors only as short-term pain. “We believe there are strong long-term opportunities in QSR and Jubilant Foodworks with its moats is poised to take advantage of the same. After a steep stock price correction of around 25% from its peak, valuations appear reasonable,” says Motilal Oswal, reiterating its ‘Buy’ rating on Jubilant stock. A Nuvama report on Jubilant also hopes that its SSSG will improve as urban demand sentiment improves. Devyani is seeing a marginal improvement in demand over the last 45 days, the research firm says, adding that initial signs say that inflation is stabilising. Nuvama’s medium-to-long term outlook for Devyani’s SSSG is 5-6%. “We like online players such as Swiggy, Zomato and soon to enter Amazon, and see them positively expanding the overall dining-out and ordering market. Also, while promotional and marketing spends will continue to remain elevated, we do not see that denting JFL’s margins,” it said. Centrum says that Sapphire Foods has reworked its strategy to fit the improvement in dine-ins as opposed to delivered sales. “With strong management, besides sharp improvement in its execution capabilities, we expect turnaround in SF’s performance. However weak demand, incremental competition in chicken QSR, and rising inflation in chicken/dairy pose short-term challenges in our view,” says Centrum. Although the post-pandemic boom effects have been vanishing from many discretionary items, analysts believe that there is value in the expansion strategies that many QSR players have adopted, especially in the long term.

Cheese burst: Quick service restaurants see muted growth ahead

<ul><li>Jubilant <keyword id="207741" type="General" weightage="100" keywordseo="foodworks" source="Orion">FoodWorks</keyword> Ltd on Wednesday reported a 70 per cent decline in <keyword id="1009537" type="General" weightage="80" keywordseo="consolidated" source="Orion">consolidated</keyword> net profit at Rs 28.54 crore in the March quarter.</li><li>Consolidated revenue from operations in the fourth quarter was at Rs 1,269.85 crore as against Rs 1,175.97 crore in the year-ago period, it added.</li></ul>New Delhi, May 17 (PTI) Jubilant FoodWorks Ltd on Wednesday reported a 70 per cent decline in consolidated net profit at Rs 28.54 crore in the March quarter, impacted by higher expenses and raw materials cost. The company had posted a consolidated net profit of Rs 96 crore in the year-ago period, Jubilant FoodWorks said in a regulatory filing. Consolidated revenue from operations in the fourth quarter was at Rs 1,269.85 crore as against Rs 1,175.97 crore in the year-ago period, it added. Total expenses were higher at Rs 1,205.15 crore as compared with Rs 1,038.27 crore in the corresponding period a year ago, the company said. Cost of raw materials consumed in the quarter was at Rs 290.96 crore, up from Rs 254.96 crore in the same period of FY22. The company, which holds the exclusive master franchise rights from Domino's Pizza Inc for <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>, Sri Lanka, Bangladesh and Nepal, besides exclusive rights to develop and operate <keyword id="597891" type="General" weightage="80" keywordseo="dunkin" source="Orion">Dunkin</keyword>' restaurants in India and Popeyes restaurants in India, Bangladesh, Nepal and Bhutan, said it opened 61 new stores in India in the fourth quarter. "With the addition of 56 new stores and entry in six new cities, Domino's has expanded its network strength to 1,816 stores across 393 cities," it added. The company also opened one new restaurant for Popeyes and Hong's Kitchen, taking their network tally to 13 stores each. For Dunkin', it opened three new coffee-first stores, and eight out of 21 Dunkin' stores are now as per the brand's new "Coffee-first" identity, it added. For the fiscal ended March 31, 2023, consolidated net profit was at Rs 353.03 crore from Rs 418.09 crore in the previous year, down 15.56 per cent. In FY23, consolidated revenue from operations was at Rs 5,158.25 crore as compared to Rs 4,396.12 crore in FY22. Jubilant FoodWorks Ltd Chairman <keyword id="671153" type="General" weightage="50" keywordseo="shyam-s-bhartia" source="Orion">Shyam S Bhartia</keyword> and Co-Chairman Hari S Bhartia said, in FY23, the company has become a Rs 5,000-crore turnover company on the back of efforts to elevate consumer experience through its portfolio of brands, making deep investments in commissaries and digital assets for continued future growth while maintaining very high financial discipline. On the outlook, they said, "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." SEE ALSO: <a href="https://www.businessinsider.in/tech/news/heres-how-googles-new-ai-updates-will-transform-your-search-experience/articleshow/100242791.cms">Here’s how Google’s new AI updates will transform your search experience</a> <a href="https://www.businessinsider.in/tech/news/best-google-pixel-7a-alternatives-5-phones-to-consider-before-you-buy/articleshow/100252872.cms">Best Google Pixel 7a alternatives: 5 phones to consider before you buy</a>

Jubilant FoodWorks Q4 net profit falls 70 pc to Rs 28.54 crore

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<ul><li>Shares of <keyword id="95677" type="CITY" weightage="20" keywordseo="Jubilant-FoodWorks">Jubilant Foodworks</keyword>, Domino’s India franchisee, surged more than 10% on July 22 on better than expected June quarter results.</li><li>Pandemic has helped Domino’s mobile app downloads grow faster and closer to the market leader in delivery platforms like Swiggy.</li><li>While it is still short of <keyword id="830092" type="COMPANY" weightage="20" keywordseo="Zomato">Zomato</keyword> and Swiggy, staying with changing times seems to have helped Jubilant.</li><li>On the other hand, the company continues to build physical stores. 20 new Domino's stores were opened in June quarter and another 150-175 stores are likely in FY22.</li></ul>The 10% plus rally in shares of Jubilant Foodworks on June 22 reflects a surprisingly good set of earnings in the April-June quarter, also the period in which the second wave of COVID-19 pandemic peaked. While people stayed away from dining out during the lockdown, online orders for pizzas and burgers through its own apps kept Jubilant’s business buzzing. Typically, one would compare Jubilant Foodworks with another food chain operator like <keyword id="33542" type="COMPANY" weightage="20" keywordseo="Burger-King">Burger King</keyword>. However, recent data suggests the Domino’s franchisee in India is fast catching up with food delivery apps like Zomato and Swiggy. Domino’s app has seen maximum downloads (24 million additional downloads) in FY21. The management attributed 73% on year increase in downloads to doubling of performance marketing spends, availability of the best in class consumer offers on the app, improved consumer experience and promotions of <keyword id="278022" type="COMPANY" weightage="20" keywordseo="NPD">NPD</keyword> (Pasta pizza), said a report by <keyword id="328060" type="COMPANY" weightage="20" keywordseo="Phillip-Capital">Phillip Capital</keyword>. Interestingly, the introduction of the app in Hindi has increased the number of downloads, and management anticipates this trend to continue after the software is released in other vernacular/regional languages, added the report. From January 2021, Domino’s pizza app in India has seen over 7 million downloads getting closer to delivery platform Swiggy’s over 11 million downloads and Zomato’s 21 million downloads. In June alone, Domino’ Pizza saw 1.3 million mobile downloads. While it is still short of Zomato and Swiggy, staying with changing times seems to have helped Jubilant. The India online food delivery market reached a value of $ 4.35 billion in 2020. It is expected to grow at a compound annual growth rate (CAGR) of 30.1% during 2021-2026, said a <a href="https://www.imarcgroup.com/india-online-food-delivery-market">report </a>by <keyword id="5880596" type="ORGANIZATION" weightage="20" keywordseo="IMARC-Group">IMARC Group</keyword>, a market research company. The total income for June quarter grew over 120% year-on-year to ₹901 crore taking the profit to ₹69 crore as compared to a ₹74 crore loss last year. “Domino’s sales almost recovered to pre-covid levels towards the end of 1QFY22 [first quarter of this financial year] backed by continued strong growth in the delivery channel growing 123%,” said a report by Phillip Capital. <div type="image" title="Jubilant foodworks profit" height="900" width="1200" msid="84644786" hostid="261"></div> The 25-year old Jubilant has not given up on its physical stores. The company has also beaten market expectations on opening new stores. Despite the challenging scenario, it opened 20 stores of Domino’s in June quarter and has guided for 150-175 stores in FY22. Digital scale up, broad based ramp up in delivery adoption, multi brand quick service restaurant (QSR) platform, strong management bandwidth and high cash generation will aid the company in riding the robust underlying industry tailwinds, said a report by Axis Capital. <table style="border-width: initial; border-style: none;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Stock broking platform </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Target price for Jubilant Foodworks </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Axis Capital </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹ 3,400 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Phillip Capital </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹ 3,600 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Kotak Institutional Equities </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹ 3,550 </td></tr></tbody></table> SEE ALSO - <a href="https://www.businessinsider.in/tech/mobile/news/apple-could-finally-bring-the-always-on-display-feature-on-the-iphone-13/articleshow/84542970.cms">Apple could finally bring the always-on display feature on the iPhone 13</a> <a href="https://www.businessinsider.in/stock-market/news/g-r-infraprojects-ipo-makes-a-strong-listing-on-exchanges-with-over-100-premium-shares-open-at-1700/articleshow/84542747.cms">G R Infraprojects IPO makes a strong listing on exchanges with over 100% premium, shares open at ₹1700</a>

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<ul><li><keyword id="3742694" type="General" weightage="20" keywordseo="sapphire-foods" source="Orion">Sapphire Foods</keyword> India IPO opens today and will close on November 11.</li><li>The IPO consists of a pure offer for sale of 1.75 crore shares by existing shareholders and promoters.</li><li>Analysts believe riding on strong brands, fine dine experience and focus on delivery strength the company is well positioned to capture the new age wave of change in eating habits</li><li>Moreover, shares of the company are demanding a premium of ₹125 in the grey market.</li></ul>Sapphire Foods India, the operator of KFC and Pizza Hut outlets, has opened its initial public offering (IPO) for investors to subscribe today, November 9. The company is the largest franchisee of Yum! Brands in the Indian subcontinent. Besides, the company is backed by marquee investors such as Samara Capital, Goldman Sachs, CX Partners and Edelweiss. As of June 2021, the company owned and operated 209 KFC restaurants in India and the Maldives, 239 Pizza Hut restaurants in India, Sri Lanka and the Maldives, and two Taco Bell restaurants in Sri Lanka. Here is what brokerages recommend for the IPO: <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> Brokerages </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rating </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Canara Bank Securities </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">KR Choksey </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Choice Broking </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe with caution </td></tr></tbody></table>Analysts believe the company is well positioned to capture the new age wave of change in eating habits. “Riding on strong brands, fine dine experience and focus on delivery strength the company is well positioned to capture the new age wave of change in eating habits. The quick service restaurant (QSR) segment is expected to witness a significant rebound in the coming years driven by the economic recovery of the country and improvement in the purchasing power of consumers,” said brokerage firm KR choksey while recommending a ‘subscribe’ rating to the IPO. IPO may attract more number of investors as the shares of the company are demanding a premium of ₹125 in the grey market, according to IPO Watch. Analysts at Canara Bank Securities has also recommended a subscribe rating to the IPO as it says, “The company has been optimising its stores by reducing its space as a part of its cost saving strategy. Although the bottom line of the company is negative, it is positive at the operating level with an operating margin of 12-14% in FY19-21 backed by a strong balance sheet.” Meanwhile, analysts at Choice Broking recommend to subscribe with caution as it is concerned about the company’s profitability as it has been incurring continuous losses. “While valuation seems reasonable compared to peers, we are concerned about business profitability due to higher likelihood of continuing incurring losses in the coming fiscals. Additionally, the company has a short operating history as it started franchise operations with YUM brands in 2015,” said the brokerage firm. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">January-March </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April-June </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹313 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹108 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹26 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹99 crore </td></tr></tbody></table> Meanwhile, most of Sapphire Foods’ peers have performed well in the 2021 so far. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Peer company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Market cap </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% returns in 2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Devyani International </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹17,797 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">20% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jubilant Foodworks </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹50,905 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">38% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Westlife Development </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹9,196 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">32% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Burger King India </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹6,217 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-6% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sapphire Foods </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹7,498 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">- </td></tr></tbody></table> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/route-mobile-britannia-ril-and-other-top-stocks-to-watch-out-for-on-november-9/slidelist/87596612.cms">Route Mobile, Britannia, RIL and other top stocks to watch out for on November 9</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/how-to-get-refund-if-nykaa-ipo-not-allotted/articleshow/87594530.cms">Not received Nykaa IPO refund? Here are the things you should know about</a>

Sapphire Foods will capture the wave of change in eating habits, say analysts

<ul><li><keyword id="95677" type="CITY" weightage="20" keywordseo="Jubilant-FoodWorks">Jubilant Foodworks</keyword> announced a new brand called Ekdum! with a variety of <keyword id="555496" type="PERSON" weightage="20" keywordseo="Biryanis">biryanis</keyword> from across India. </li><li>The love for biryani was evident in the stock market as Jubilant’s share prices jumped by over 7% on Thursday (November 17) morning.</li><li>Last year in March 2019, Jubilant Foodworks had also forayed into the Chinese food segment with its own brand – Hong’s Kitchen. </li></ul>The parent company of Domino’s pizza and Dunkin’ Donuts knows what Indians love the most – Biryani. Jubilant Foodworks announced a new brand called Ekdum! with a variety of biryanis from across India. And the love for biryani was evident in the stock market as Jubilant’s share prices jumped by over 6% on Thursday (November 17) morning. Its share price stood at ₹2,873.45 as of 11.45 am. <div type="image" title="jubilant." msid="79774160" hostid="261"></div> The company announced its Biryani foray with the likes of Hyderabadi Nizami Biryani, Lucknowi Nawabi Biryani, Dindigul Biryani, Kolkata Biryani, Butter Chicken Biryani, Egg Biryani, Paneer Makhni Biryani, and Tawa Chicken Biryani. Jubilant is also keeping its offering in the affordable range with a starting price of ₹99. "In line with our strategy of portfolio expansion, we are delighted to introduce Ekdum!,our new venture in the Biryani category. We see strong potential in this segment and are confident that Ekdum!, with its sharp and differentiated proposition will create a strong position for itself in the market,” said Shyam S Bhartia, Chairman and Hari S. Bhartia Co-Chairman, Jubilant FoodWorks Limited in a joint statement. The foray into the Biryani segment has also been appreciated by market analysts as the food item is one of the most popularly ordered dishes across e-commerce as well as sit-in restaurants. “Biryani is one of the most popular dishes and a large category in India— it lends well to delivery, sells well across lunch/dinner, appeals across demographics and offers scale and robust profitability/return metrics,” said a report by Kotak Securities. The report further said that there are three factors to keep in mind for Jubilant’s new offering – the pricing is attractive, the economics that can be achieved with Biryani is comparable to that of Domino’s, however, while Domino’s has a consistent taste offering through its pizza, managing the same with biryani could be a difficult task as it will also depend on the chefs hired. And, the company will also face competition from established brands like Biryani By Kilo, Behrouz Biryani, Biryani Bluez as well as traditional biryani outlets across different cities which have a brand legacy working for them like Hyderabad’s Paradise Biryani, among others. “JFL is opening three restaurants in Gurgaon for Delivery, Takeaway and Dine-In, with more restaurants planned to open in NCR over the next few months. In our view, this is a positive move by the company, which would help JFL to boost the revenue growth significantly going ahead,” said Amarjeet Maurya, AVP, Mid Caps, Angel Broking. Last year in March 2019, Jubilant Foodworks had also forayed into the Chinese food segment with its own brand – Hong’s Kitchen. Having started with a single outlet in Gurugram, the brand has scaled to five more stores. And experts believe that both the biryani and chinese cuisine offerings will help the company. “In our view, the platform is in place to accelerate store additions to 100-125 per year in Domino’s and 30-40 aggregate between HK and Ekdum!. We believe there is room for Jubilant Foodworks to step up aggression and investments,” said the Kotak report. SEE ALSO: <a href="https://www.businessinsider.in/business/news/india-has-a-hot-new-debate-on-its-plate-should-the-likes-of-burger-king-kfc-and-mcdonalds-menus-mention-calories/articleshow/79771040.cms">India has a hot new debate on its plate: Should the likes of Burger King, KFC and McDonald’s menus mention calories?</a> <a href="https://www.businessinsider.in/india/news/cooking-lpg-gas-cylinder-prices-hiked-by-100-this-month-how-much-subsidies-on-gas/articleshow/79772801.cms">Cooking gas prices hiked by ₹100 this month – check what happens to subsidies</a>

Biryani makes Domino’s Indian franchise owner 7% fatter⁠— the street's evidently "jubilant"

<ul><li><keyword id="12086703" type="General" weightage="100" keywordseo="stagwell" source="Orion">Stagwell</keyword> has expanded its global affiliate network with the addition of <keyword id="1127344" type="General" weightage="20" keywordseo="creative-agency" source="Orion">creative agency</keyword> <keyword id="1809141" type="General" weightage="80" keywordseo="enormous" source="Orion">Enormous</keyword>.</li><li>Stagwell and Enormous will collaborate on market-level clients and global brands looking to connect with the Indian consumer.</li></ul> Stagwell has expanded its global affiliate network with the addition of creative agency Enormous that helps brands engage India’s growing middle class. Stagwell and Enormous will collaborate on market-level clients and global brands looking to connect with the Indian consumer. “I've been privileged to work in India for decades and now could not be a better time for Stagwell to make a concerted push into the region as the rapidly growing middle class becomes a digital-enabled buying group,” said <keyword id="320843" type="General" weightage="20" keywordseo="mark-penn" source="Orion">Mark Penn</keyword>, Chairman and CEO, Stagwell. “There were 624m Internet users in India in 2021 and the Enormous-Stagwell partnership gives brands a local partner fluent in the new rules of digital marketing.” Enormous is an insight-led content and creative agency specializing in multimedia campaigns, business consulting, and helping start-ups connect with the mid-market to fuel growth. Enormous works with global clients and technology startups including DishTV, Motorola, IDFC, <keyword id="95677" type="General" weightage="20" keywordseo="jubilant-foodworks" source="Orion">Jubilant FoodWorks</keyword> and more. With a track record of using creativity and insights to power “enormous” results, the agency has been ranked one of the top five effective independent agencies in Asia Pacific by Effie’s, the world’s foremost organization celebrating marketing effectiveness. "Stagwell is one of the greatest creative and digital networks in the world, with some of the most cutting-edge agencies being a part of it. It is, therefore, the start of an exciting journey for us at Enormous. We can look forward to the best in class creative and tech-stack to dip into, for better solutions for our clients. We now have the capability and a network support system for us to be able to handle some of the global brands in India as well" said <keyword id="1505615" type="General" weightage="20" keywordseo="ashish-khazanchi" source="Orion">Ashish Khazanchi</keyword>, Managing Partner of Enormous. Through the partnership, Enormous will be able to leverage Stagwell’s leading-edge technology and engineering capabilities, including a stack of SaaS digital marketing services such as LOCATE and STAGE built to help brands connect global talent, and integrate data, research, and consumer insights across global media and content. “Stagwell recognizes an increased need for centralized strategies with culturally relevant, platform-specific executions – and the affiliate program delivers on this promise,” said <keyword id="12134129" type="General" weightage="20" keywordseo="anas-ghazi" source="Orion">Anas Ghazi</keyword>, Chief Strategy Officer, Stagwell. “Understanding the Indian consumer and the growing middle class in India is critical for global brands as they look to engage audiences from all walks of life.” Enormous joins a rapidly-expanding roster of Stagwell global affiliates. Launched earlier this year, the Stagwell affiliate program diversifies the network’s offerings across geographies with the complementary capabilities that brands need to thrive in today's global economy, including scaled media, scaled content, and connected commerce. To date, Stagwell has established partnerships in the Middle East, Eastern Europe, Taiwan, Mainland China, Hong Kong and Russia, with the goal of 50 affiliates across the globe by the end of 2021.

Stagwell adds Enormous to its global affiliate network

Mumbai, <keyword id="9292761" type="UNKNOWN" weightage="20" keywordseo="equity-benchmark-sensex">Equity benchmark Sensex</keyword> jumped over 350 points in opening trade on Thursday, tracking gains in index majors <keyword id="6355199" type="DOMAIN" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword>, <keyword id="6652791" type="UNKNOWN" weightage="20" keywordseo="HDFC-Twins">HDFC twins</keyword> and ICICI Bank amid positive cues from global markets. The 30-share BSE index was trading 355.23 points or 0.76% higher at 46,799.41, and the broader NSE Nifty surged 109.25 points or 0.80% to 13,710.35. ONGC was the top gainer in the Sensex pack, rising around 5%, followed by Bharti Airtel, Bajaj Auto, Axis Bank, <keyword id="45179" type="DOMAIN" weightage="20" keywordseo="NTPC">NTPC</keyword>, Bajaj Finance, Titan, IndusInd Bank, HDFC duo and Reliance Industries. On the other hand, Asian Paints, Infosys, Dr Reddy's Lab, TCS and Nestle India were among the laggards. In the previous session, Sensex rallied 437.49 points or 0.95% to close at 46,444.18, and Nifty surged 134.80 points or 1% to 13,601.10. Foreign portfolio investors (FPIs) were net buyers in the capital market as they purchased shares worth ₹536.13 crore on a net basis on Wednesday, according to provisional exchange data. Domestic equities look to be good at the moment, said Binod Modi Head-Strategy at Reliance Securities, adding that Asian markets are trading positive as the outline of Brexit trade deal was reached. "Further, fear of a new coronavirus strain seems to be easing out now with select European countries opening borders for Britain. FPIs flow continues to remain a key driving force for domestic equities, which is expected to sustain in the near term in the backdrop of weak dollar, soft monetary policies of global central bankers and fiscal stimulus in the USA. "Sustainability of recovery in key economic data and 3QFY21 earnings are likely to play important roles for domestic markets for the sustainability of premium valuations in the near term," he said. US equities finished mostly higher as investors monitored the progress of the coronavirus vaccine and chances of a revived economy in 2021. However, President Donald Trump's opposition to recent bills passed by the Congress offered some discomfort towards the last session of trade. Elsewhere in Asia, bourses in Seoul, Hong Kong and Tokyo were trading on a positive note in mid-session deals, while Shanghai was in the red. Meanwhile, the global oil benchmark Brent crude futures were trading 0.41% higher at USD 51.45 per barrel. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-mrs-bectors-ril-bharti-airtel-vodafone-idea-ilfs-interglobe-aviation-future-group-deepak-nitrite-jubilant-foodworks-and-others/articleshow/79933826.cms">Top stocks to watch – Mrs Bectors, RIL, Bharti Airtel, Vodafone Idea, IL&amp;FS, InterGlobe Aviation, Future Group, Deepak Nitrite, Jubilant FoodWorks, and others</a> <a href="https://www.businessinsider.in/business/corporates/news/india-will-have-to-pay-cairn-1-2-billion-ending-one-of-the-biggest-tax-disputes-of-the-decade/articleshow/79934284.cms">India will have to pay Cairn $1.2 billion ending one of the biggest tax disputes of the decade</a>

Sensex rallies over 350 points in early trade; Nifty tops 13,700

<ul><li>At 8:45 am, SGX Nifty was up by 40 points, or 0.29%.</li><li>Here’s a list of stocks to watch for in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a></li></ul>Indian stock markets could extend their gains on Thursday after the Nifty regained the 13,600 level on Wednesday. At 8:45 am, SGX Nifty was up by 40 points, or 0.29%, suggesting that the Indian stock exchanges could have a positive start to the day. <a href="https://www.businessinsider.in/stock-market/news/us-stocks-gain-as-pelosi-pressures-republicans-to-pass-2000-stimulus-checks/articleshow/79931994.cms">US stocks had a mixed response</a> to the Trump administration’s proposal to increase stimulus relief cheques from $600 to $2,000. The Dow Jones closed up by 0.38%, while S&amp;P 500 was barely in the green, up by 0.07%. These are the stocks to watch out for during the trading session today: <cmsannotation type="cmsannotation" annotationid="Mrs Bectors Food Specialties" comment="subhead" text="Mrs Bectors Food Specialties"><keyword id="6797647" type="UNKNOWN" weightage="20" keywordseo="mrs-bectors">Mrs Bectors</keyword> Food Specialties</cmsannotation> After breaking all records of initial public offerings (IPO) this year, Mrs Bectors Food Specialties is all set to debut on the stock exchanges today. The final issue price is fixed at ₹288 per share, and it was oversubscribed by 198 times in total. <cmsannotation type="cmsannotation" annotationid="Reliance Industries" comment="subhead" text="Reliance Industries">Reliance Industries</cmsannotation> Reliance Industries’ telecom arm Jio added 2.23 million subscribers in October, picking up the slack when compared to its performance in the month before – it added only 1.46 million subscribers during September. <cmsannotation type="cmsannotation" annotationid="Bharti Airtel" comment="subhead" text="Bharti Airtel"><keyword id="6354287" type="DOMAIN" weightage="20" keywordseo="bharti-airtel">Bharti Airtel</keyword></cmsannotation> Airtel continued to outperform Reliance Jio, adding 3.7 million subscribers in October as compared to 3.78 million in September. <cmsannotation type="cmsannotation" annotationid="Vodafone Idea" comment="subhead" text="Vodafone Idea"><keyword id="1553175" type="PERSON" weightage="20" keywordseo="Vodafone-Idea">Vodafone Idea</keyword></cmsannotation> Vodafone Idea’s troubles continue to mount as it continued to hemorrhage subscribers in October – it lost 2.66 million subscribers in October as compared to 4.65 million in September. <cmsannotation type="cmsannotation" annotationid="IL&amp;FS" comment="subhead" text="IL&amp;FS">IL&amp;FS</cmsannotation> The beleaguered Infrastructure Leasing &amp; Financial Services has reached an agreement to sell its Chinese road asset worth ₹2,074 crore, helping it resolve ₹2,500 crore worth of debt. <cmsannotation type="cmsannotation" annotationid="InterGlobe Aviation" comment="subhead" text="InterGlobe Aviation"><keyword id="2351966" type="ORGANIZATION" weightage="20" keywordseo="InterGlobe-Aviation">InterGlobe Aviation</keyword></cmsannotation> InterGlobe Aviation’s <keyword id="6354706" type="DEFINITION" weightage="20" keywordseo="IndiGo">IndiGo</keyword> may start rehiring slowly in the next three months as capacity rebuilds. The company’s CEO Ronojoy Dutta said “Doom and gloom is off the table and we are recovering pretty nicely, especially domestically,” in an interview with Bloomberg Television. <cmsannotation type="cmsannotation" annotationid="Future Group" comment="subhead" text="Future Group">Future Group</cmsannotation> The beleaguered retail giant’s lenders have agreed to restructure loans under the Reserve Bank of India’s scheme at a time when its deal with Reliance Industries remains entangled in a legal dispute with Amazon. However, in a <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/df0d2835-5bf7-4592-b5d2-2141ffba6fa8.pdf">statement to the bourses</a>, Future Retail said that the Delhi High Court verdict is a green light for the deal with Ambani-owned retail giant and that it will follow the direction of the Indian court, not the Singapore court which had sought to stop the deal process from proceeding further. <cmsannotation type="cmsannotation" annotationid="Deepak Nitrite" comment="subhead" text="Deepak Nitrite"><keyword id="222918" type="DOMAIN" weightage="20" keywordseo="Deepak-Nitrite">Deepak Nitrite</keyword></cmsannotation> The Indian government extended anti-dumping duty on phenol imports from South Africa for 5 years. Deepak Nitrite has the largest phenol plant in the country. <cmsannotation type="cmsannotation" annotationid="Jubilant FoodWorks" comment="subhead" text="Jubilant FoodWorks"><keyword id="95677" type="DOMAIN" weightage="20" keywordseo="Jubilant-FoodWorks">Jubilant FoodWorks</keyword></cmsannotation> The Maharashtra government has agreed to reduce excise license charges for restaurants by up to 50%, in addition to waiving off the 15% hike in excise renewal fee for the current financial year ending March 2021. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/us-stocks-gain-as-president-trump-asks-for-2000-stimulus-checks/articleshow/79926907.cms">US stocks gain as President Trump asks for $2,000 stimulus checks</a> <a href="https://www.businessinsider.in/stock-market/news/theres-good-chance-a-santa-claus-rally-will-drive-the-stock-market-higher-into-year-end-lpl-says/articleshow/79931931.cms">There's good chance a 'Santa Claus rally' will drive the stock market higher into year-end, LPL says</a> <a href="https://www.businessinsider.in/stock-market/news/heres-the-main-reason-why-apple-wants-to-get-into-the-low-profit-car-business-according-to-goldman-sachs/articleshow/79928664.cms">Here's the main reason why Apple wants to get into the low-profit car business, according to Goldman Sachs</a>

Top stocks to watch – Mrs Bectors, RIL, Bharti Airtel, Vodafone Idea, IL&FS, InterGlobe Aviation, Future Group, Deepak Nitrite, Jubilant FoodWorks, and others

<ul><li>At 7:45 am, the SGX Nifty was down 0.27%, indicating a tepid start for Nifty50. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock-market indices are likely to start lower on Thursday, led by negative cues from the global markets. At 7:45 am, the SGX Nifty was down 0.27%, indicating a tepid start for Nifty50. The<a href="https://www.businessinsider.in/stock-market/news/nasdaq-closes-at-record-high-as-investors-digest-fed-action-and-stimulus-talks/articleshow/79769421.cms"> US equities closed mixed on Wednesday</a> as investors mulled the Federal Reserve’s forecast, disappointing economic data, and progress toward passing new stimulus. The Dow Jones Industrial Average closed 0.15% lower, and the S&amp;P 500 was up 0.18%. These are the stocks to watch out for during the trading session today: Hero MotoCorp The two-wheeler major Hero MotoCorp said it would hike the two-wheeler prices with effect from January 1. The company cited a steady rise in commodity costs across the spectrum, including steel, aluminium, plastics, and precious metals as the rationale behind the price hike. RIL, Airtel, Vodafone-Idea and other telecom stocks RIL, Airtel, Vodafone-Idea and other telecom stocks will be in focus during the trade today as the union cabinet approved a proposal to auction spectrum worth 4 lakh crore in March 2021. A total of <a href="https://www.businessinsider.in/business/telecom/news/indian-government-to-auction-spectrum-worth-4-lakh-crore-in-march-2021/articleshow/79757930.cms">2,251.25 MHz of spectrum</a> will be auctioned across seven bands. Future Enterprises Future Enterprises on Wednesday reported a consolidated net loss of ₹320.56 crore for the second quarter ended September 2020, on account of lower revenue from operations. The company had posted a net profit of ₹21.78 crore in the corresponding quarter a year ago. Wipro IT services major Wipro has completed the acquisition of 83.4% equity stake in Chennai-based Encore Theme Technologies. In October, Wipro announced that it had signed a definitive agreement to acquire Encore Theme, a specialist in providing SaaS and Cloud solutions in financial services, for up to ₹95 crore. IndusInd Bank The Private lender IndusInd Bank said the market regulator SEBI had granted a one-month extension for its promoters to infuse residual capital in lieu of conversion of warrants, issued to them last year, worth over ₹2,695 crore into equity. Computer Age Management Services (CAMS) Computer Age Management Services (CAMS) informed stock-exchanges that it had been considered eligible for selection and a further grant of registration as a Central Record Keeping Agency under the National Pension Scheme (NPS) under the Pension Fund Regulatory and Development Authority (Central Recordkeeping Agency) Regulations, 2015. IRCTC The government has proposed to offer up to 16 lakh equity shares to the eligible employees of the company at a price of ₹1,377.55 per equity share. Employee OFS will open from December 18 till December 21. Lakshmi Vilas Bank The Lakshmi Vilas Bank (LVB), which was amalgamated with DBS Bank last month has decided to delist its equity shares with effect from December 18. Jubilant FoodWorks Jubilant FoodWorks forays into the Biryani segment with a new brand ‘Ekdum!’ as part of its portfolio expansion. ‘Ekdum!’ will offer a variety of biryanis from across India along with kebabs, curries, breads, desserts and beverages. Balrampur Chini Mills, Dhampur Sugar Mills, Triveni Engineering, Shree Renuka Sugars and others Balrampur Chini Mills, Dhampur Sugar Mills, Triveni Engineering, Shree Renuka Sugars and other sugar stocks will be in focus during the trade today as the cabinet approved ₹3,500 crore subsidy for sugar farmers and ₹6,000 per tonne subsidy for sugar exports to be given for 60 lakh tonnes of sugar exports. SEE ALSO:<a href="https://www.businessinsider.in/business/corporates/news/interview-home-recipes-that-are-set-for-a-7-million-ipo-mrs-bectors-food-is-no-cookie-cutter/articleshow/79721783.cms" data-type="tilCustomLink"> INTERVIEW: Home recipes that are set for a $73 million IPO⁠— Mrs Bector’s Food is no cookie cutter</a> <a href="https://www.businessinsider.in/thelife/personalities/news/facebook-ceo-mark-zuckerberg-and-reliance-industries-mukesh-ambani-spoke-but-had-no-chemistry/articleshow/79739547.cms" data-type="tilCustomLink">Zuckerberg spoke to Ambani but there was no chemistry — even with a multi-million dollar partnership between them</a>

You Searched For "Jubilant Foodworks market value" and got 14 results

Jubilant Foodworks plans to acquire additional 51.16% stake in DP Eurasia for up to Rs 670 cr

PTI

Cheese burst: Quick service restaurants see muted growth ahead

Katya Naidu

Jubilant FoodWorks Q4 net profit falls 70 pc to Rs 28.54 crore

PTI

RIL, Jubilant Foodworks, Bajaj Auto and other stocks to watch out for on October 20

Rounak Jain

If you don’t get Zomato shares via IPO, you could look at Jubilant Foodworks too

Bhakti Makwana

Jubilant FoodWorks, Easy Trip Planners, Dr. Reddy’s and other stocks to watch out for on June 16

Rounak Jain

Bharti Airtel, Wipro, Jubilant Foodworks and other top stocks to watch out for on July 22

Rounak Jain

Laxmi Organic, Craftsman Automation, Jubilant Foodworks and other top stocks to watch out for on March 25

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Sapphire Foods will capture the wave of change in eating habits, say analysts

Bhakti Makwana

Biryani makes Domino’s Indian franchise owner 7% fatter⁠— the street's evidently "jubilant"

Sanchita Dash

Stagwell adds Enormous to its global affiliate network

BI India Partner

Sensex rallies over 350 points in early trade; Nifty tops 13,700

PTI

Top stocks to watch – Mrs Bectors, RIL, Bharti Airtel, Vodafone Idea, IL&FS, InterGlobe Aviation, Future Group, Deepak Nitrite, Jubilant FoodWorks, and others

Rounak Jain

Top stocks to watch — Hero Moto, RIL, Bharti Airtel, Future Enterprises, Wipro, Jubilant FoodWorks, and others

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