Refer to important disclosures at the end of this report Every Day Value strategy paying rich dividends; Upgrade to Accumulate Jubilant FoodWorks had a strong quarter, with revenue at Rs6.8bn, up 11.5% yoy; EBITDA at Rs796mn, up 37.8% yoy; APAT at Rs239mn grew by 25.5% yoy, impacted by higher depreciation of Rs462mn (which includes Rs90mn of store closure expenditure) SSG at +6.5% was aided by healthy traction in Every Day Value offers. Every Day Value offers helped increased frequency of existing customers and induced influx of new...