Jubilant FoodWorks - Demand Weakness Persists; Strengthening Core: HDFC Securities

HDFC Securities Institutional Equities

In the long term, Jubilant FoodWorks Ltd. remains focused on mid-teen revenue growth (5-6% like-for-like) on the back of -

1. stepping up store expansion and store format innovation (e.g. container stores);

2. plugging product gaps and strengthening value offering;

3. improving cost efficiency and productivity;

4. elevating customer experience (reimaging stores; 20 minutes delivery); and

5. longterm strategic initiatives (commissary).

We maintain our earnings per share estimates and value Jubilant at 55 times price/earning on Sep’25 EPS to arrive at a target price of Rs 500. Maintain 'Add'.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.