The shares of Jubilant Foodworks tumbled nearly 4 percent on July 7 after the company released provisional results for the first quarter of the financial year 2026. The shares of the company were trading at Rs 683 apiece in the afternoon.
Jubilant Foodworks had released its provisional results for the April-June quarter of the ongoing financial year on July 6. The company that operates popular food chain Domino's in India, announced that its consolidated revenue from operations jumped 17 percent year-on-year to Rs 2,261.4 crore. Standalone revenue from operations meanwhile grew over 18 percent on-year to Rs 1,701.6 crore.
Domino's India reported a 11.6 percent growth in Like-for-Like (LFL) sales. 61 new stores were opened in the country during the quarter. The company's total store count as on June 30, 2025 stood at 2,240.
However, Domino's Turkey reported a 2.2 percent decline in LFL growth, post-IAS-29 adjustments. It opened 7 new stores, and closed one outlet during the quarter. As at the end of the quarter, the company's total store count in Turkey stood at 752.
The decline in sales growth in Turkey dampened investor sentiment, pushing the stock in the deep red.
CLSA sees 27% downside potential
CLSA kept an underperform call on the stock, with a target price of Rs 519 per share. This implies a downside potential of nearly 27 percent from the previous closing price of Rs 710 per share. The international brokerage said that the firm's Q1 standalone sales were 1 percent higher than estimates, but consolidated figure was slightly below expectation. This came on the back of 2.2 percent negative LFL growth for Domino's Turkey.
CLSA said that Domino's India LFL growth was more or less in line with estimate of 12 percent. Investors will be focused on profitability to judge if high LFL growth translates to margin growth, it added.
Morgan Stanley sees 10% upside potential
Morgan Stanley meanwhile kept an 'overweight' call on the stock, with a target price of Rs 781 per share. This implies an upside potential of nearly 10 percent from the previous closing price. The international brokerage noted that standalone revenue was in line with estimate, while consolidated revenue was 3 percent higher than expectations.
Jubilant Foodworks share price history:
Jubilant Foodworks shares have tumbled around 10 percent in the past six months, and nearly 2 percent in the past one month. The stock has fallen over 7 percent in 2025 so far, but had gained nearly 20 percent in the past one year.
It currently has a P/E ratio of around 85, and has a market capitalization of Rs 60,717 crore. Nearly 30 lakh shares of the company have been involved in active trade so far on July 7, as seen at 12.30 pm. This is higher than the stock's 10-day average volumes.
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