Jubilant Foodworks (JUBI) has reported in line result for 3QFY20. Revenue growth was driven by strong SSSG, aggressive retail expansion and launch of new product range in pizza category. Gross and EBITDA margin was impacted due to raw material cost inflation (especially cheese prices) and higher other expense led by increase in marketing spends to support the new-product-launch. Management maintains moderate outlook on raw material cost inflation going forward especially in vegetables category. After 5 quarter of lull, JUBI has added 2 kiosk-format Dunkin stores (3-4x smaller than regular size stores) to pilot the format. Also, added 2nd Hongs Kitchen in...