659.7500 -5.75 (-0.86%)
NSE May 28, 2025 15:31 PM
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Reliance Securities
Firing on All Cylinders; Wait for Better Entry Opportunity Jubilant FoodWorks (JFL) has reported a phenomenal set of numbers in 3QFY18 surpassing ours as well as streets estimates on all operating parameters. Its net sales grew by 20.7% YoY to Rs8bn (vs. our estimate of Rs7.6bn), while EBITDA surged by 114% to Rs1.4bn (vs. our estimate of Rs1bn). Further, the Company's net profit zoomed by 231% YoY to Rs660mn, ahead of our estimate of Rs423mn. Key monitorable parameter of Same Store Sales (SSS) grew by 17.8% YoY, marking the highest growth in past 21 quarters, albeit on a lower base. Sharp outperformance on the back of higher-than-estimated SSS growth resulted in higher...
Sharekhan increased Buy price target of Jubilant Foodworks Ltd. to 816.0 on 19 May, 2025.
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