External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>JUBI’s 2QFY25 print came in below our estimates, although it surprised on the Same Store Sales Growth (SSSg) front</li><li>SSSg of 1.5% was ahead of our estimate due to a better-than-expected recovery in the delivery channel, whereas the dine-in channel remained subdued</li><li>We consider this performance laudable, given that most other QSR players have seen mid- to high-single-digit SSSg declines during 2Q.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

JUBI’s 2QFY25 print came in below our estimates, although it surprised on the Same Store Sales Growth (SSSg) frontSSSg of 1.5% was ahead of our estimate due to a better-than-expected recovery in the delivery channel, whereas the dine-in channel remained subduedWe consider this performance laudable, given that most other QSR players have seen mid- to high-single-digit SSSg declines during 2Q.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Jubilant Foodworks (2QFY25): Silver Lining in the Dark Clouds. Maintain ADD