Jubilant FoodWorks: A tasty bite, but too costly to afford
With contact-less dining and zero-contact delivery, and a trusted brand like Domino, Jubilant is likely to benefit
November 13, 2020 / 10:07 AM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
Jubilant FoodWorks (Jubilant; CMP: 2,339; Market capitalization: Rs 30,866 crore) September-quarter results were above Street expectations. Jubilant witnessed a sequential recovery and the month of October saw sales improving to 96 percent of last year’s levels. In the month of October, delivery saw sales recovery of 116 percent - 164 percent recovery in takeaway while dine-in saw a recovery of 34 percent year on year.
September 2020 quarter results analysis
On the back of the challenging operating environment, Jubilant’s revenue rose...