Jubilant FoodWorks Ltd (JFL; CMP: Rs 567; Market cap: Rs 37,400 crore) has posted a mixed performance in Q4FY22. While operating performance beat estimates, net profit was marginally lower than expectations. Network addition in the core Dominos brand would continue, with the company planning to open 250-300 stores every year in the medium term. JFL is also scaling up the recently launched Popeyes brand (chicken offerings) to make it a national brand in the medium term. The appointment of Sameer Khetarpal...
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