Jubilant Foodworks Q1 Review - Capitalising On Opportunity, Accelerated Store Expansion: ICICI Securities

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.Jubilant FoodWorks Ltd. likely surprised consensus by stepping-up its store expansion target (for Domino’s) to 150-175 for FY22. Management’s confidence was reflected in the use of the words ‘hyper-growth’ (for Jubilant FoodWorks' brands) and ‘inflection point’ (for the industry) on the call. The intent and potential to leverage data analytics possibly gives a glimpse that the company can reposition as a food-tech platform (and not just a collection of few brands in silos). Jubilant FoodWorks did manage operations in the second-wave well with Q1 FY22 revenue decline of just 6% over Q1 FY20 levels (includes (pricing) benefit from delivery charges, to be sure). Performance of the delivery and takeaway channels have been impressive, mitigating the slowdown in dine-in..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Jubilant Foodworks Q1 Review - Capitalising On Opportunity, Accelerated Store Expansion: ICICI Securities

Jubilant Foodworks Q1 Review - Capitalising On Opportunity, Accelerated Store Expansion: ICICI Securities

Choose a plan