Jubilant FoodWorks surged as much as 6% on Friday and touched an intraday high of Rs 521, lifted by a strong set of June quarter numbers.

Profit growth was the headline trigger. Consolidated net profit rose about 6% year on year to Rs 100 crore for the quarter, up from Rs 94.3 crore a year earlier.

Revenue told an even stronger story. Consolidated revenue from operations climbed 14% to Rs 2,569.65 crore, compared with Rs 2,252.19 crore in the same quarter last year.

Total income, which includes other income, rose to Rs 2,588.34 crore from Rs 2,270.65 crore. Profitability improved as well.

EBITDA grew 10.2% year on year to Rs 360 crore, and gross margin expanded to 75.5% from a year earlier, helped by better pricing and supply-chain efficiency.

One number stands out from the rest though. Profit from continuing operations came in at Rs 103.20 crore, marginally below last year’s Rs 104 crore.

That gap traces back to a business the company is winding down. That business is Dunkin’ India.

The board had earlier decided not to renew the rights to run the Dunkin’ brand in the country, so this segment now sits under discontinued operations.

Dunkin’ posted a net loss of Rs 3.17 crore for the quarter. That is smaller than the Rs 9.66 crore loss from a year ago, so the losses are shrinking even as the business winds down.

On a standalone basis, revenue came in at Rs 1,848.85 crore against Rs 1,692.91 crore last year, with standalone profit at Rs 69.62 crore versus Rs 66.70 crore a year earlier.

Basic and diluted earnings per share stood at Rs 1.47, up from Rs 1.39 in the same quarter last year.

The board approved these unaudited results on 13 August, and the filing went out to both BSE and NSE under SEBI’s listing regulations.

As of 14:10 pm on 14 August, Jubilant FoodWorks shares were trading at Rs 505.90 on the NSE, up 2.92% for the day after cooling off from the morning’s high.

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