Accumulate Jubilant Foodworks; target of Rs 738: Geojit Financial Services

Geojit Financial Services recommended accumulate rating on Jubilant Foodworks with a target price of Rs 738 in its research report dated August 30, 2024.

Broker Research

August 30, 2024 / 15:21 IST

Accumulate

26 Aug, 2025 12:21

Volume

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Geojit Financial Services research report on Jubilant Foodworks

Jubilant FoodWorks Ltd (JFL) is an Indian operator of quick service restaurant brands. It is the franchisee of Domino’s in India, Nepal, Sri Lanka and Bangladesh, and that of Dunkin’ Donuts in India. JFL’s standalone revenue rose 9.9% YoY to Rs. 1,440cr in Q1FY25, primarily driven by 8.5% growth in the Indian business of Domino’s. EBITDA edged 0.6% higher YoY, whereas EBITDA margin narrowed 180bps YoY to 19.3% on account of higher other expenses, up 18.9% YoY in Q1FY25. JFL logged strong revenue growth, driven by the Indian business of Domino’s, new store additions and market share gains.

Outlook

The company’s strategic focus on innovation, operational efficiencies and cost optimisation further enhances its growth potential. Therefore, we upgrade our rating on the stock to ACCUMULATE, with a revised target price of Rs. 738 based on the sum-of-the-parts (SOTP) valuation.

For all recommendations report, click here