Citi has reaffirmed its ‘Buy’ rating on Jubilant FoodWorks with a target price of ₹805, citing consistent growth momentum, market share gains, and improving profitability metrics.
The company reported Q4FY25 revenue of ₹1,587 crore, up 19.1% YoY, while net profit surged 93% to ₹49.5 crore. EBITDA rose 19.7% YoY to ₹305.4 crore, with margins stable at 19.2%.
Citi emphasized management’s guidance to add 250 Domino’s and 30 Popeyes stores in FY26, following net additions of 184 and 19, respectively, in FY25. It also noted the company’s intent to improve EBITDA margin by 200 basis points over the next three years, positioning Jubilant as a compelling long-term play in India’s QSR space.
Disclaimer: This article is based on the brokerage report by Citi. It does not constitute investment advice.
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