Jubilant FoodWorks Q1 Review - Covid-19 Improves Structural Outlook, Right-To-Win Strengthening: Motilal Oswal
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Motilal Oswal Report
While Jubilant FoodWorks Ltd.’s sales were broadly in line with our expectations, margins surprised positively.
The management believes the quick service restaurant business in India is at a significant inflection point. In line with this, the company has not only increased its store expansion guidance (150–175 stores from 135 earlier) but also announced investments to boost the supply chain.
Moreover, in an interesting new thrust, it has shown intent to gradually become a food tech company.
On the technology front, Jubilant FoodWorks is significantly expanding its customer experience, analytics, and product innovation teams.
The personalisation of purchases and identifying triggers for buying in various customer segments would be important growth areas.
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