Jefferies has maintained its ‘buy’ rating on Jubilant FoodWorks stock with a target price of ₹1,000, citing the company’s “Be Bold” theme that underscores its growth mindset. Jefferies noted that technology is influencing every aspect of the company, with AI and store innovations emerging as key differentiators.
The brokerage highlighted that recent double-digit same-store sales (SSS) growth was driven by continuous innovations, reflecting Jubilant FoodWorks’ strategic focus on maintaining its competitive edge. Although margin guidance may fall short of some expectations, Jefferies remains optimistic about the company’s growth agenda. Management expressed confidence, stating that this is just the beginning, and they expect margins to follow growth as the company scales.
Yesterday’s stock price performance:
On February 27, Jubilant FoodWorks’ share price closed at ₹670.00, down by ₹10.95 or 1.61%. Despite Jefferies’ positive outlook and growth optimism, the stock witnessed a decline, indicating cautious investor sentiment in the current market scenario.
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