Prabhudas Lilladher:  Covid-19 Redefines Jubilant FoodWorks’ Business Model
A sign for Domino’s Pizza is seen outside one of the company’s restaurant, operated by Jubilant Foodworks. (Photographer: Dhiraj Singh/Bloomberg)

Prabhudas Lilladher: Covid-19 Redefines Jubilant FoodWorks’ Business Model

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Prabhudas Lilladher Report

We are increasing FY21/22/23 earnings per share by 12.5%/4%/1.6% as Dominos has almost returned to normalcy (96.2% in October 2020) and is likely to emerge stronger from Covid-19 scenario given -

1. Sharp recovery in delivery and takeaway (5.8% and 49.8% YoY)

2. lower competition as several smaller players have gone out of business

3. closure of dine in focused 105 stores which will be replaced by smaller stores with effecective focus on delivery and takeaway

4. delivery charge of Rs 30 per order which will help improve margins in longer term.

Click on the attachment to read the full report:

Prabhudas Lilladher Jubilant Foodworks Q2Fy21 Result Update.pdf

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