Jubilant Foodworks a top pick: Nomura

Jubilant Foodworks would be our top pick in the food space, says Manish Jain, Consumer Analyst, Nomura India.

Jain told CNBC-TV18, "Jubilant Foodworks would be our top pick in the food space. It is going to be one of the fastest growing consumer companies. We are looking at PAT CAGR of close to 61%." He further added, "The company has an amazing brand franchise, very good connect with the consumers and they have about 60-65% market share in the pizza home delivery market. What we believe is that going into the next five-ten years growth is likely to continue unabated, so if you look at the stock on price earnings growth (PEG) basis or if you try and do DCF of the stock, I think there is still currently a lot of value in the stock despite the run that we have seen in the last 12 months and we would like investors to look at this stock."