Jubilant Foodworks (JUBI) has reported above expected result for Q2FY21. JUBI witnessed strong recovery in revenue (compared to last year) from 70% in Jul'20 to 92% in Sep'20 and 96% in Oct'20. This was driven by faster recovery in delivery and takeaway channel. To further improve convenience in takeaway channel; JUBI has launched drive and pick facility during 2QFY21 (customer's won't have to step-out from their cars). Gross margin improved significantly led by low discounting intensity, deflationary raw material environment, and introduction of delivery fees. Cost efficiencies (lower employee and other expense) drove EBITDA margin expansion....