Here's why Jubilant FoodWorks stock hits one-year high

Stocks of Jubilant FoodWorks surged nearly 12 per cent after the company reported a 26.37 per cent jump in standalone net profit for the quarter ended March 31.

The stock jumped 11.42% to Rs 1,749 -- its 52-week high on the BSE.

At the NSE, it rallied 11.6% to touch its one-year peak of Rs 1,748.

Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains in India, yesterday reported a 26.37% jump in standalone net profit at Rs 31.53 crore for the quarter ended March 31.

The company had posted a net profit of Rs 24.95 crore in the same period of previous fiscal.

Net sales rose by 25% to Rs 542 crore during the fourth quarter as against Rs 433.65 crore in the year-ago period.

For the full year, the company posted a 6% fall in consolidated net profit at Rs 111.08 crore as against Rs 118.24 crore in previous fiscal.

Net sales jumped by about 21% to Rs 2,092.38 crore from Rs 1,736 crore in the period under review.

The board also recommended a dividend of Rs 2.5 per equity share of Rs 10 each for the 2014-15 fiscal.