Jubilant FoodWorks Q4 Review - Satisfactory Performance: Dolat Capital
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Dolat Capital Report
Jubilant FoodWorks Ltd.’s Q4 FY21 revenue and Ebitda was in line with our estimate, but adjusted profit after tax was a beat.
The company has reported strong recovery in past four quarters. During April/May 2021, the company reported mere 6/12% YoY decline respectively, was commendable considering nationwide lock down.
During the quarter the company added 46 net new Domino’s stores (50 opened four closed) and one new store under Ekdum, Hong’s Kitchen and Dunkin Donut brand.
The company also closed four Dunkin stores during the quarter.
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