Jubilant Foodworks Ltd. share price target

JFL delivered 12.1% LFL growth (delivery LFL growth of 21.9%) in Domino’s’ India in Q4FY25 amid subdued demand, beating peers for another quarter. Standalone performance was good, with revenues growing by 19.2% y-o-y to Rs. 1,587 crore on strong delivery-led growth in Domino’s.

with LFL growth of 12.1% (12.5% in 3Q) 2) Lower discounting amidst robust extended version of Rs 99( 4-course meal lunch) at higher price for delivery customers. We increase our FY26/FY27 standalone EPS estimates by 10.4/12.1% as 250 dominos store opening guidance and stromg LFL growth will...

High valuations overshadow strong growth

We recommend a BUY on the stock with a potential upside of 10% from the CMP.

Dominos Store count to cross 3000 In India and 1000 in Turkey by 2028, Investing in 4 more commissaries (Mumbai, Ahmedabad, Guwahati, Kolkata) Jubilant Foodworks Analyst Meet outlined its BOLD strategy (Breakthrough Technology, Operational Excellence, Lead with Purpose, and Delicious Food) for both India and DP Eurasian business. JFL plans to focus on technology (AI) and innovation-led growth, leveraging technology to deliver more personalized experiences to consumers while driving cost efficiency. Dominos India is aiming...

Jubilant Foodworks in its analyst meet laid down its FY28 Ambition with focus on the BOLD strategy (Breakthrough technology, Operate with excellence, Lead with purpose and Delicious food).

Jubilant FoodWorks (JUBI) held its maiden analyst meet in 2025 to discuss its strategic growth initiatives, store expansion opportunities, core capability development, and the way forward.

In Jubilant Foodworks' [Jubi] first-ever analyst meet, it outlined the present and future (next three years) target to open 1,000 stores (vs. ~250 per annum currently)

JFL’s Q3FY25 consolidated numbers are not strictly comparable with previous quarters due to integration of the DP Eurasia business.

Jubilant Foodworks (JUBI) reported standalone sales growth of 9% YoY to INR14.7b (in line), led by 20% order growth. LFL grew 2.8% (in line).

We maintain Buy on Jubilant Foodworks Ltd (JFL) with a revised PT of Rs. 800. Stock is valued at 29x/24x/21x its FY25E/FY26E/FY27E consolidated EV/EBIDTA, respectively.

JUBI’s results were soft though encouraging with LFL turning positive to 0.1% (vs negative SSSG for most QSRs) after four quarters led by pick-up in delivery channel (+12% YoY; 8% LFL) primarily due to delivery fee waiver leading to record 30% YoY growth in new customer acquisition while dine-in channel remains under pressure.

JUBI is up ~10% over the last 1 week. Our channel checks indicate considerable
pick up in order growth for Domino’s in Apr-24 and continued traction should
help it deliver a low-to-mid-teen topline growth in FY25E (vs. 5-6% in FY24E).