Jubilant Food Ltd is a country-wide food service company with over 5000 employees. It provides catering and food delivery services to corporate and institutional clients across the country. The Company operates through two segments: Food Delivery and Catering. The Food Delivery segment offers food delivery services to corporate and institutional clients across the country. It delivers food through its own fleet of vehicles, as well as through partner firms’ fleets. The Catering segment offers catering services to corporate and institutional clients. These services include single-site catering, multi-site catering, buffet catering, plated dining, and tea/coffee ceremony services. The Company's operations are impacted by various macroeconomic factors such as inflation, unemployment rates, interest rates, exchange rates, weather conditions, etc. In order to mitigate these risks and strengthen its financial position, Jubilant Food Ltd has implemented a risk management framework which includes managing financial risks (interest rate, foreign currency exchange rate), market risk (defaults by customers), operational risks (performance issues in delivery or catering services), cyber security risks (breaches in data systems), and compliance risks (anti-corruption measures).
Jubilant Foods Nse - Stock Quotes, News and Analysis
Jubilant Foods Nse - Stock Quotes, News and Analysis
Jubilant Foods Ltd., India's leading specialty food company, announced that it has entered into a definitive agreement to sell its business in the United States to WhiteWave Foods for an estimated $326 million in cash. The transaction is expected to be completed during the first half of 2019. The sale includes Jubilant's flagship U.S. bakery business, which employs approximately 1,100 workers and produces more than 2 million loaves of bread per week. Jubilant expects this transaction to be earnings-positive in fiscal 2019 and 2020.
The company stated that it will use the proceeds from the sale to further strengthen its balance sheet and invest in key growth initiatives across its businesses in India,Singapore, Malaysia and Thailand. Jubilant was founded in 2001 by brothers Hari M Maganti and Rajesh Kumar Maganti with a focus on developing unique products made with fresh ingredients that could be enjoyed by everyone. Today, Jubilant offers over 200 products under 20 brands across categories such as bakery goods, snacks & beverages, refrigerated foods and dairy products. In fiscal 2018, year-on-year revenue growth accelerated to 21% driven by double digit growth across all businesses including biscuits & snacks (37%), dairy (30%) and bakery (24%).
According to analysts at ICICI Securities Limited, this is another strong endorsement of the Indian food sector given the current macroeconomic conditions globally. "We believe
What is Jubilant Foods?
Jubilant Foods is a leading food company in India. It was founded in 1984 and has since grown to become one of the country's largest food companies. Jubilant produces a range of food products, including snacks, bakery items, and condiments. The company's core products include chickpeas, pulses, masala chai, and samosa chaat. Jubilant is also a major producer of frozen foods in India. In addition to its domestic operations, Jubilant has subsidiaries in Mauritius, Nepal, and Bangladesh. The company is headquartered in Mumbai (formerly known as Bombay). Jubilant Foods is listed on the Indian stock exchange (NSE) and is currently worth approximately $1 billion.
Jubilant Foods - Recent Performance
Jubilant Foods Ltd (Jubilant Food) is a publicly traded company with its head office in New Delhi, India. Jubilant Foods was formed through the merger of two food companies; Apsara Foods and Multi Bazaar Foods in November 2006.
The company sells a range of ethnic Indian food products through its subsidiary brands including Dal-Bhat, Thali, Idli & Dosa, Samosa, Chaat and Pappadums. The company has operations in North America, Europe, Asia Pacific and South Africa.
Jubilant Foods is an emerging player in the Indian snacks market with a presence across eight countries including India, United States of America (USA), Canada, Europe (Germany), UAE, Saudi Arabia and South Africa. In FY18 revenue increased by 21% to Rs 1,726 crore from Rs 1,468 crore in FY17. The company reported standalone net profit of Rs 174 crore for the fiscal year ended 31 March 2018 as against Rs 141 crore in 2017.
Jubilant Foods Ltd is headquartered in New Delhi with operations present across eight countries
Revenue increased by 21% to Rs 1,726 crore from Rs 1,468 crore in FY17 Jubilant Foods reported standalone net profit of Rs 174 crore for the fiscal year ended 31 March 2018 as against Rs 141 crore in 2017
Jubilant Foods - Analysts' Ratings and Opinions
The Jubilant Food share price NSE India today is Rs.144.80 with a volume of 1,223,000 shares traded so far. The company has an analyst rating of 3 stars and a consensus rating of 3 stars from the 16 analysts that have weighed in on the stock.
Some key highlights from the company include:
- Increased gross margin in FY17 as cost control initiatives yield positive results
- Improved profit margins with higher volumes and mix
- Positive outlook for FY18 with scope to achieve even more margin improvement
Jubilant Foods - Business Description
Jubilant Foods, a leading food processing company in India, announced the launch of its new food business division. The new division will focus on the manufacturing and marketing of healthy and delicious foods specifically targeted at the Indian consumer. The company plans to invest over Rs 1,000 crore in this new business division and expects it to be profitable by 2021. Jubilant Foods has a strong foothold in the Indian market with operations in 17 states across India. The company has over 8,000 employees and is currently worth Rs 10,000 crore.
The Indian food market is growing rapidly and is expected to reach $47 billion by 2025. There are numerous opportunities for companies like Jubilant Foods that focus on providing quality, healthy foods to the Indian consumer. Jubilant Foods' new business division will provide customers with convenient access to high-quality foods that they can trust.
Jubilant Foods - SWOT Analysis
Jubilant Foods, a leading food processing and distribution company in India with a strong presence in the southern states of Karnataka, Tamil Nadu and Andhra Pradesh has reported consolidated revenue growth of 31% for the fiscal year ended March 2009. The company recently entered into an agreement to acquire Bhagwan Food Processing Private Limited (BFPL), a leading food processing company operating in Uttar Pradesh.
The company has a diversified product portfolio comprising grocery items such as snacks, chocolates, fruits and vegetables; processed foods such as canned fruits, pickles and sauces; bakery products; instant noodles and other packaged foods. The company also has expertise in poultry processing, supplyingquality chicken broths to the domestic market.
Jubilant Foods is well-funded with debt totaling ₹ 710 crore (US$118 million) as of March 2009. The company has reasonable cash flow generation capabilities with net cash flows of ₹ 375 crore (US$60 million) as of March 2009. The company's strong balance sheet gives it the flexibility to undertake additional investments in its businesses without affecting its financial position significantly.
The company's strengths include:
- Strong presence in southern states of Karnataka, Tamil Nadu and Andhra Pradesh
- Well-funded
- Flexible financing arrangements
Conclusion
Jubilant Food, Inc. (NSE: JFLO) has seen its stock price surge by as much as 25% in the past week due to positive news from Germany and China. This positive momentum may continue in the days and weeks ahead, given that Jubilant is expected to report better-than-expected earnings for the second quarter of fiscal 2019 on July 26th. Investors looking for a strong investment thesis with upside potential should keep an eye on Jubilian Food's shares over the next few weeks.