Jubilant FoodWorks: Recovery likely to be by March 2021
Bright prospects, resilient business but valuations of Jubilant FoodWorks are expensive
- 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 (JFL) (CMP: Rs 2,252; Market capitalization: Rs 29,723 crore), one of the largest foodservice companies and a master franchisee of Domino’s Pizza, posted June 2020 quarter results that were above Street expectations. JFL saw overall like-for-like sales recovery of 52.7 percent in the June quarter, 77.8 percent for July, and nearly 89.3 percent in August. (image) Source: Company presentation Nearly 83 percent of the Domino’s store network was open in August. JFL has undertaken various cost optimization initiatives such...
Watch Webinar
-
Pro Masters Virtual: India on cusp of growth take-off, by Vaibhav Agrawal
Watch more -
Pro Masters Virtual: Watch ‘Commodity: Gold Investments’ with Somasundaram PR
Watch more -
Pro Masters Virtual: Watch “Multicap Funds: A Perfect Balance Between Growth & Stability” with R Srinivasan, Ruchit Mehta, Sukanya Ghosh, Priyanka Dhingra, Saurabh Pant and Nidhi Chawla
Watch more
-
PRO PanoramaMoneycontrol Pro Panorama | Sensex gets a global crown
Nov 25, 2022 / 03:17 PM IST
In today’s edition of Moneycontrol Pro Panorama: Green energy stocks fail to impress investors, online gaming under pressure, sluggish phase in equities expected, and more
Read Now -
PRO WeekenderMoneycontrol Pro Weekender | Outrunning the bear
Nov 5, 2022 / 01:07 PM IST
As the economies try their best to ward off a hard landing, India comes out as an outlier. It’s a classic case of just staying the course amid difficult times
Read Now
To read the full story, Subscribe to Moneycontrol PRO
Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience
Already a member? Sign in
Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to
What Do You Get
-
Ad free experience
Experience a non-intrusive navigation and faster response in the ad free mode
-
Sharpest Opinions
Access to 230+ exclusive stories per month from our editorial and Experts
-
+
Have a Global edge with access to content from world renowned experts and journalist
-
Actionable Insights
Access to 40+ weekly investment ideas including 4 daily technical calls
-
Virtual Events
Exclusive access to live webinars from market experts on trading and investment strategies
-
Newsletters
Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.
Get upto 50% discount on limited period offers