Jubilant FoodWorks hits 52-week high as its arm acquires stake in DP Eurasia

On Wednesday, Jubilant FoodWorks shares surged 4.16% to hit a fresh 52-week high of Rs 567, from its previous closing of Rs 544.35 on the BSE.

Acquisition of DP Eurasia 

Jubilant FoodWorks’ wholly-owned subsidiary, Jubilant Foodworks Netherlands B.V. (JFN) has acquired 3,910,153 ordinary shares of DP Eurasia N.V. (DP Eurasia) through market purchases at 84.4 pence per share for an aggregate consideration of GBP 3,301,718, thereby increasing its stake from 48.84% to 51.50% of total issued share capital of DP Eurasia. Pursuant to the aforesaid acquisition, DP Eurasia has become a subsidiary of JFN and a step-down subsidiary of the company.

DP Eurasia is a public company listed with the London Stock Exchange PLC and is the exclusive master franchisee of the Domino’s Pizza brand in Turkey, Azerbaijan and Georgia. DP Eurasia (together with its subsidiaries) offers pizza delivery and takeaway and eat-in facilities at its 694 stores (678 in Turkey, 10 in Azerbaijan and 6 in Georgia as of October 31, 2023) and operates an asset-light, scalable business through franchised stores contributing to 88% of 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% of which are franchised.

Company profile 

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

Stock price movement 

Today, the Jubilant FoodWorks stock opened at Rs 542.05 and has touched a high and low of Rs 567 and Rs 542.05 respectively.  The BSE group ‘A’ stock of face value of Rs 2 has a 52-week high and low of Rs 567, and Rs 412.20, respectively. Last one week high and low of the scrip stood at Rs 567 and Rs 527.65 respectively. The current market cap of the company is Rs 37,188.88 crore. The promoters holding in the company stood at 41.94%, while Institutions and Non-Institutions held 48.49% and 9.57% respectively.

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