India’s largest catering company sets record date for dividend

Jubilant Foodworks Ltd is a large capitalization Fast Moving Consumer Goods (FMCG) company with a market capitalization of 32,787 crores. Jubilant FoodWorks Limited is a subsidiary of Jubilant Bhartia Group and is India’s largest food company, with franchise agreements for three global brands: Domino’s Pizza, Dunkin’ Donuts and Popeyes.

For the purposes of the 60% dividend, the company has set July 11 as the record date. The company said in the BSE Exchange Filing that “This follows our letter dated May 30, 2022, in which it was informed that the Board of Directors of Jubilant FoodWorks Limited, at its meeting on May 30, 2022, May 2022, had among other things Recommended Dividend for the 2021-22 financial year subject to shareholder approval at the next Annual General Meeting (“AGM”). Pursuant to Regulation 42 of the Listing Regulation, the Company has set on Monday, July 11, 2022 as the record date for the purposes of determining the names of the members eligible for the dividend of 1.20/- (i.e. 60%) per share of par value Rs. 2/- each for the financial year 2021-22. The dividend after shareholder approval will be paid/dispatched within 30 days from the date of the AGM and also subject to withholding tax.

The action closed at 497 in today’s trading session, up 1.31% from its previous close of 490.55. Over the past year, the stock has fallen 23.50%, and year-to-date (YTD) so far in 2022, the stock has fallen 32.00%. Over the past 6 months the stock has fallen 27.17%, but over the past month the stock has risen 2.39% and over the past 5 trading days the stock has fallen 3, 75%. On the NSE, shares of Jubilant Foodworks hit a 52-week high of 918.00 on Oct 18, 2021 and a 52 week low of 451.20 on May 12, 2022, indicating that the stock is currently trading at a 45% discount to its 52-week high and above 10.15% to its 52-week low. Jubilant Food is trading below the 5-day, 20-day, 50-day, 100-day and 200-day moving averages based on today’s closing price.

To subscribe to Mint Bulletins

* Enter a valid email

* Thank you for subscribing to our newsletter.

Veronica J. Snell