Brokerages hike target price on Jubilant Foodworks despite Q2 miss, shares jump 7%

Shares of the firm have staged a 12-month run of around 19 percent.

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26 Aug, 2025 12:21

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Jubilant Foodworks shares surged over seven percent on November 12 after the QSR operator reported its earnings show for the July-September.

The Domino's Pizza-operator reported a consolidated net profit of Rs 66.53 crore in the second quarter ended September 30, 2024, down 31.55 percent from the year-ago period, against Rs 97.2 crore in the corresponding quarter of the last fiscal year.

Revenue from operations in the second quarter stood at Rs 1,954.72 crore, as against Rs 1,368.63 crore in the year-ago period, the filing added.

At 9.30 am, shares of Jubilant Foodworks were quoting Rs 644.95 on the NSE, higher by 7.13 percent.

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Jubilant Foodworks positive LFL growth in Q2FY25 of 2.8 percent has set it apart in a challenging market. The company's focus on delivery and innovative strategies has fuelled this success, said Nuvama Institutional Equities.

"Jubilant's strategic moves to stimulate consumption, from revamped menus to free deliveries, are paying off, revitalising both delivery and dine-in businesses. We remain bullish on the company's turnaround potential," said the brokerage. It maintained its 'hold' rating with a revised target price of Rs 631, up from Rs 568.

Emkay Global also noted that the firm's overall order-count growth was best-in-class at 20 percent, with the firm indicating further growth acceleration in Q3 so far and order-share gain in a challenging demand environment. It maintained its 'add' rating, with an increased target price of Rs 680 per share, led by better international business margin and strong commentary for India business.

Shares of the firm have staged a 12-month run of around 19 percent, underperforming the benchmark index Nifty 50, which has risen 25 percent during the same time period.

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