Jubilant Foodworks has recorded an impressive 47.1 per cent growth in sales to Rs 240 crore in the second quarter of the year.

Sales grew 53 per cent to Rs 457 crore in the first half of eh financial year. It's profit after tax was recorded at a modest Rs 23.67 crore for the largest and fastest growing food services company in the country.

According to analysts, the company is benefiting from valuations for its future potential. Jubilant is expecting a capital expenditure of Rs 100 crore this financial year as it is still in its growth phase.

The company has opened a total of 19 new Domino's Pizza stores at various locations in the country during the second quarter. The cost of setting up each store to the company is about Rs 80 lakh. In the first six months of the financial year, it opened 33 new stores and signed up for 29 others.

The rent for the company increased as a percentage of sales indicating it is paying highest costs on the stores that are yet to be fully profitable. The company is planning to increase the prices by 3 per cent in November and analysts believe that it will help the company improve margins in the coming quarters.