Jubilant Foodworks is amongst the top gainers on the bourses since morning. The stock hit a new high today at Rs.1328.75 and continues to remain strongly in the green.

The reason for this upbeat mood is the company’s performance for Q1FY18, following which many brokerage houses have upgraded the stock. The company which sells Dominos and Dunkin Doughnuts, for Q1FY18, posted a 25% (YoY) increase in net profit at Rs.24 crore on a 11.5% rise in revenue at Rs.679 crore.

Its EBITDA came in at Rs.80 crore, up 38% while the margins rose very smartly from 9.5% to 11.7%.

What really proved to be the icing on the cake is the same-store sales. This refers to total revenue at a retail chain's existing locations over the same given time period from the previous year. This is the true gauge of the company’s performance. For Jubilant, for current Q1, as against estimates of same-store sales rising by 3 to 4%, it actually increased by 6.5% v/s a contraction of 7.5% previously.