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.
Motilal Oswal Report
Jubilant FoodWorks Ltd. reported a beat on all fronts in its Q2 FY22 result. Both store expansion and same-store-sales-growth were ahead of our estimates.
Earnings in Q2 FY22 were strong, despite the recovery in dine-in still ~47% of pre-Covid-19 levels. With the lifting of lockdown restrictions, dine-in levels are picking up significantly compared to the early part of Q2 FY22.
Delivery is sustaining at much higher than pre-Covid levels.
Jubilant FoodWorks has the best business model in the quick service restaurant space to take advantage of the enhanced growth opportunity after the lifting of Covid-related restrictions.
Its technological and logistical moats are also being strengthened further.
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