Jefferies has maintained a ‘Buy’ rating on Jubilant FoodWorks, setting a target price of ₹1,000 per share, implying a 58% upside potential from the current market price (CMP), which needs to be confirmed.
The brokerage views Jubilant FoodWorks as a top consumer discretionary pick, citing double-digit growth in India’s same-store sales growth (SSSG) and management’s aggressive focus on expansion.
Key takeaways from the report:
- SSSG momentum remained strong in January, indicating sustained demand.
- Management’s concall emphasized new product launches, faster deliveries, and targeted discounting strategies.
- Jubilant FoodWorks aims to improve gross margins by 100 basis points over the next 2-3 quarters, reflecting a focus on profitability enhancement.
With continued operational improvements, strong sales momentum, and margin expansion, Jefferies remains bullish on Jubilant FoodWorks’ long-term growth outlook.
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.
