Jubilant Food share price : On the first trading day of the week, a mood of recovery is being seen in the market amid sharp fluctuations. Nifty has improved by more than 100 points from lower levels and is near 24000. Pressure continues in Bank Nifty. There is a sharp decline in midcap and smallcap. There is a rise of more than 5 percent in the volatility index INDIA VIX. There is a sharp decline in government banks today. Nifty PSU BANK INDEX has fallen by about 3 percent. UNION BANk has become the top loser in futures by slipping more than 6 percent. Also Bank of Baroda and PNB have fallen by 4 percent. Besides, metal and pharma shares are also down. There is light buying in IT shares.
Even in market decline NYKAA (FSN E-Commerce Ventures Nykaa) And Jubilant Food I have good speed. At present NYKAA It is seen crossing Rs 175 with an increase of Rs 7.33 i.e. 4.37 percent. Its today’s high is Rs 176.60. The volume of the stock seems to be around 23,964,795 shares and the market cap is seen at Rs 50,058 crore.
There itself, Jubilant Food It is seen around Rs 770 with an increase of Rs 11.20 i.e. 1.48 percent. Today its daily high is Rs 796.75. The volume of the stock seems to be around 7,062,648 shares and the market cap is seen at Rs 50,771 crore.
NYKAA and Jubilant Food If we look at the reason for the rise in INR, their third quarter updates and further guidance are quite good. These shares are benefiting from this today.
The company has said that it is possible for the company’s net revenue to be more than 20 percent in the third quarter. Improvement is possible in the beauty segment on a quarterly basis. GMV growth in beauty is expected to be around 30 percent. Income growth in the beauty segment is likely to be more than 20 percent. At the same time, the income in the fashion segment is expected to be around 20 percent. Sluggish demand in online fashion is likely to persist.
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JUBILANT FOOD Q3 UPDATE
The company said that its conso revenue growth can increase by 56.2% on annual basis to Rs 2,153 crore. At the same time, standalone revenue growth can increase by 18.9 percent on annual basis to Rs 1,611 crore. Dominage’s LFL growth in the third quarter may increase by 12.5 percent on an annual basis. Added 130 new stores in the third quarter. The total number of stores has increased to 3,260. Domino’s India has opened 60 new stores during this period. Its total number of stores has increased to 2,139. Domino’s Turkey has opened 25 new stores. Its total number of stores has increased to 738. Domino’s Turkey LFL growth is expected to be -3.2 percent.