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...