Jubilant FoodWorks Q4 Review - Dominos Powers Growth, New Ventures: Prabhudas Lilladher

Hong's Kitchen- a Jubilant FoodWorks Ltd.'s brand. (Source: Company website).

Jubilant FoodWorks Q4 Review - Dominos Powers Growth, New Ventures: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

We are decreasing our FY22/23 earnings per share of Jubilant FoodWorks Ltd. by 6.3/0.7% due to-

  1. Lower Ebitda margins in FY22 on account of lower than expected margins in FY21 and

  2. Increased advertisement spends to promote Popeyes.

We remain positive on the company given-

1. increased focus on store opening in coming years with medium term potential of 3000 Dominos

2. lower competition given Covid-19 led shakeout

3. investment in app being rewarded by record downloads and improved mix/ order value

4. ability to capitalize on increasing convenience sales given strong digital/delivery network.

Click on the attachment to read the full report:

Prabhudas Lilladher Jubilant FoodWorks Q4FY21 Result Update.pdf

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