Jubilant FoodWorks (Update): CEO quits adds risks on all fronts. Maintain REDUCE
We have seen CEO changes for various other consumer companies in the past, and most changes have been value accretive. However, we remain cautious...
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Beat-upgrade cycle (likely) taking a pause for now; our (near) 5-year optimism (since 2016) is...
Key Jubi narratives now are - store expansion, industry-leading revenue growth, resilient margins, unlock-led recovery, digital capabilities, high...
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Building on strengths, growth prospects buoyant
Boosting its technological capabilities: In addition to its delivery and value moat, JUBI is boosting its technological moat to enhance its lead...
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COVID improves structural outlook, right-to-win strengthening
While Jubilant FoodWorks (JUBI)'s sales were broadly in line with our expectations, margins surprised positively. The management believes the QSR...
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HSIE Results Daily: Jubilant FoodWorks
We cut EPS estimate for FY22/FY23 by 4/1%. We value Jubilant at 55x P/E on Jun-23E (earlier Mar-23) EPS and derive a target price of INR 2,650. We...
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