BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Key Jubilant FoodWorks Ltd.'s narratives now are - store expansion, industry-leading revenue growth, resilient margins, unlock-led recovery, digital capabilities, high quality management, platform potential, market opportunity.
What’s not ticking (for consensus) is the international expansion which Jubilant FoodWorks has aspirations for – while it is bound to have- capital allocation concerns and debatable valuation (lower India premium), we draw comfort from-
the company’s execution capabilities (most investors agree on its superior execution) and
primary focus will be the larger India opportunity.
The company did see a good recovery with Q2 FY22 revenue up 11.6% over Q2 FY20 levels (delivery charges and higher ticket size did help).
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