Citi has reiterated its ‘Buy’ rating on Jubilant FoodWorks while raising the target price to ₹750 per share, reflecting an 18.5% upside potential from the current market price of ₹633.00. The brokerage remains optimistic about the company’s operational improvements despite continued weakness in dine-in sales.
Jubilant FoodWorks has demonstrated sustained like-for-like (LFL) outperformance, with recent initiatives expected to support overall growth. The company’s management has also outlined a target to improve gross margins by 100 basis points (bps) over the next 2-3 quarters, signaling further profitability enhancements.
Citi has raised its revenue estimates for FY25-27 by 4-5% and EBITDA projections by 2-5%, factoring in operational efficiencies and ongoing strategic initiatives.
With improving financial performance and a positive outlook on profitability, Citi remains bullish on Jubilant FoodWorks’ growth trajectory.
Disclaimer: The above article is for informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making any investment decisions.
