Quick Service Restaurant
Quick Service Restaurant - QSR
from 492 today
Jubilant FoodWorks' Q1FY27 provides early evidence of an improving operating momentum with Domino's India LFL recovering to 2.5% and Popeyes maintaining strong growth, leading to a maintained BUY rating with a target price of INR 570.
JUBI reported a steady performance with 9% YoY standalone revenue growth in 1QFY27, meeting estimates. We remain positive on JUBI's medium-term outlook supported by 5-7% LFL growth potential, strong Popeyes momentum, and healthy international performance.
We remain positive on JUBI's medium-term outlook, supported by 5-7% LFL growth potential, strong Popeyes momentum and healthy international performance. The company is also progressing on margin recovery, with productivity gains, supply-chain efficiencies and calibrated pricing helping offset commodity inflation.
We remain constructive on JUBI, driven by healthy near-term demand outlook, limited margin impact from inflationary pressure, and continued robust performance in Popeyes with strong near-term outlook. We assign an SOTP based target price of Rs574 and retain Buy.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
