Goldman Sachs stays ‘Neutral’ on Jubilant FoodWorks, notes signs of margin recovery

Goldman Sachs has maintained a ‘Neutral’ rating on Jubilant FoodWorks with a target price of ₹730 after the company posted a strong Q4FY25, with key metrics beating estimates and EBITDA margins beginning to recover.

Revenue rose 19.1% YoY to ₹1,587 crore, and EBITDA increased 19.7% to ₹305.4 crore, while margins stood at 19.2%, slightly above the year-ago figure of 19.1%. Net profit nearly doubled YoY to ₹49.5 crore.

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GS highlighted that revenue growth was driven by like-for-like gains, while operating leverage helped EBITDA margins begin to trend upwards. The brokerage is watching for sustained improvement in profitability amid ongoing expansion.


Disclaimer: This article is based on the brokerage report by Goldman Sachs. It does not constitute investment advice.

 

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