Jubilant Foodworks Ltd.

NSE: JUBLFOOD | BSE: 533155 | ISIN: INE797F01012 |Industry: Restaurants
|Expensive Performer

Jubilant Foodworks Ltd.    
14 Mar 2019
HDFC Securities
We model 18/11/10% SSG growth during FY19E/FY20E/FY21E. We value JFL at 46x on Mar-21 EPS, arriving at a TP of Rs 1,750. Reiterate BUY. JFL announced its entry in Chinese cuisine with a home grown brand Hongs Kitchen. It will be a fast casual Chinese restaurant with focus on dine-in and delivery. Chinese is the 2nd largest cuisine in India (after North India). The brand will address the vast gap between street vendors and fine dining. The first store (1,400 sq. ft) is launched in Eros Mall, Gurugram. JFL will initially look to expand stores in the NCR region.
Jubilant Foodworks Ltd.'s price crossed above SMA200 today
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