Nomura ups target on Jubilant Food, maintains reduce rating

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Nomura has increased target price on Jubilant Foodworks by 14 percent to Rs 1282 per share but maintains a reduce rating on the stock due to high valuations.

The brokerage feels that urban consumption is likely to pick pace in coming quarters. "We believe earnings growth in 2015-17 will be driven by a recovery in same-store-sales-growth (SSSG) leading to a revenue growth of 24.4 percent for the same period, along with an EBITDA margin growth of 160 basis points (bps)," Nomura says.

The company which operates popular food franchises Domino's Pizza and Dunkin Donuts saw a growth of 6.27 percent in its net profit at Rs 31.53 crore in April-June quarter. Total income from operations in Q1 was up 19.68 percent to Rs 570.68 crore in yaer-ago period. At 12:21 hrs Jubilant Foodworks was quoting at Rs 1,645.20, down Rs 2.35, or 0.14 percent on the BSE.

Posted by Nasrin SultanaFollow @NasrinzStory