Jubilant Foodworks (JUBI) has reported above expected result for 1QFY22. Best in class execution and Zero-Contact branding has helped JUBI to report outperformance in delivery channel. Business recovery in takeaway channel was impacted during May'21 but Apr'21 and Jun'21 reported strong recovery. Positively, business recovery in Hong's Kitchen and EkDum reached at pre-covid levels. JUBI has taken marginal price hike to offset inflationary pressure. Also, there has been increase in promotional activities due competition from food-tech apps. However, gross margin remains intact at 77-78%. Also, JUBI has taken c. 9% hike in delivery charges to address inflation; benefit is likely...