Jubilant Foods
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Jubilant FoodWorks is navigating a complex landscape characterized by a resilient recovery in its core Domino's business and aggressive expansion of the Popeyes brand. Management's strategic focus on operational efficiencies and store expansion, targeting 1,000 new units by FY28, is expected to drive long-term revenue growth despite near-term inflationary pressures impacting margins. The company's commitment to leveraging technology for site selection and delivery optimization enhances its competitive position. However, challenges remain, including rising input costs and intense competition, particularly in the coffee segment. Vista's financial outlook reflects moderated revenue growth and stable margins, with a fair valuation aligned with intrinsic value. The expected upside remains modest, indicating cautious investor sentiment. Over the next 12-24 months, key opportunities include the successful scaling of Popeyes and improved operational efficiencies, while watchpoints include commodity price volatility and the execution of the dine-in recovery strategy
Why We Like This Stock
- Management's focus on aggressive store expansion and operational efficiencies is expected to drive long-term revenue growth
- The Popeyes brand is gaining traction and is anticipated to become a significant contributor to revenue and profitability
- Technological advancements in site selection and delivery optimization enhance Jubilant's competitive position in the QSR market
Things To Watch Out For
- Rising input costs and inflationary pressures are expected to create near-term margin headwinds
- Intense competition in the coffee segment poses risks to market share and profitability
- Execution challenges in the dine-in recovery strategy may impact overall performance in the short term
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 5,655 | 8,142 | 9,513 | 9,335 | 10,765 |
| Profit Before Tax (Cr.) | 330 | 328 | 575 | 591 | 707 |
| PBT Margin | 5.8% | 4.0% | 604.4% | 6.3% | 6.6% |
| Net Profit (Cr.) | 269 | 182 | 403 | 410 | 471 |
| Earnings Per Share | 4.1 | 2.7 | 5.9 | 6.0 | 7.1 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| BPWealth | ▲ Buy | nan | 21-May-2026 |
| CLSA | ▲ Outperform | 554 | 14-Aug-2026 |
| Citigroup | ▲ Buy | 670 | 14-Aug-2026 |
| Elara Capital | ► Accumulate | 580 | 14-Aug-2026 |
| Geojit Financials | ► Add | 475 | 10-Jun-2026 |
| Goldman Sachs | ► Hold | 460 | 26-May-2026 |
| HSBC | ► Hold | 500 | 14-Aug-2026 |
| ICICI Securities | ▲ Buy | 570 | 22-May-2026 |
| JPMorgan | ► Hold | 475 | 11-Jun-2026 |
| Jeffries | ▲ Buy | 650 | 14-Aug-2026 |
| Macguire | ▼ Underperform | 360 | 14-Aug-2026 |
| Morgan Stanley | ► Equalweight | 439 | 14-Aug-2026 |
| Motilal Oswal | ▲ Buy | 625 | 14-Aug-2026 |
| Prabhudas Liladhar | ▲ Buy | 574 | 14-Aug-2026 |
| UBS | ▲ Buy | 600 | 23-Apr-2026 |
Company Overview
Show Company Profile
Jubilant FoodWorks Limited, together with its subsidiaries, engages in food service business in India, Turkey, Bangladesh, Sri Lanka, Azerbaijan, Nepal, and Georgia. The company operates quick service restaurants under the Domino's, Dunkin', Popeyes, Hong's Kitchen, and COFFY brands. It also engages in wholesale and retail sale of food items. The company was formerly known as Domino's Pizza India Ltd. and changed its name to Jubilant FoodWorks Limited in September 2009. Jubilant FoodWorks Limited was incorporated in 1995 and is headquartered in Noida, India.