Jubilant Foodworks shares rally 5% after Q1 PAT grows 60% YoY, but brokerages trim targets. Here's why
ADVERTISEMENT Revenue for the quarter stood at Rs 2,260.90 crore, marking a 17% increase over the corresponding quarter last year. Reported EBITDA came in at Rs 438 crore, up 14.3% year-on-year.
The company's EBITDA margin stood at 19.4%, down 44 basis points, while the pre-IND AS 116 EBITDA margin improved by 14 basis points to 12.9%.
During the quarter, Jubilant Foodworks expanded its store network to 3,387 outlets, adding 330 new stores compared to the previous year.
Nuvama has revised its target price for Jubilant Foodworks to Rs 811 from Rs 838 while maintaining a 'Buy' rating.
ADVERTISEMENT The brokerage noted that the company's India business delivered a strong Q1FY26 performance with 11.6% like-for-like (LFL) growth. However, it cautioned that high LFLs are straining service levels, which could lead to the opening of more split stores. Nuvama has cut its FY26E and FY27E revenue estimates by 2.7% to 5.9% and lowered EBITDA projections by 8.6% to 10.4%. The downgrade is attributed to slower growth in DP Eurasia and a softer margin pickup than previously guided. Unlock 500+ Stock Recos on App
ADVERTISEMENT Avendus has cut its target price for Jubilant Foodworks to Rs 700 from Rs 735 while maintaining an 'Add' rating.The brokerage highlighted that a high base poses a risk to sustaining high double-digit revenue growth. It noted that operating leverage is yet to play out, with margin expansion expected to be back-ended. For FY26–27, Avendus has kept its revenue growth forecast at low-teens, while expecting a margin expansion of around 200 basis points later in the forecast period. However, it has trimmed its FY26–27 margin estimates by 50–60 basis points.
ADVERTISEMENT Motilal Oswal has revised its target price for Jubilant Foodworks to Rs 725 from Rs 750 while maintaining a 'Neutral' rating.The brokerage noted steady performance with no major changes to its FY26 and FY27 EBITDA estimates. It expects the delivery segment to outperform in the near term and sees value offerings along with product innovation driving order growth in FY26. MOSL has modeled the standalone pre-IND AS EBITDA margin at 12–14% for FY26–28E. It added that rich valuations are keeping the rating at Neutral.
ADVERTISEMENT Also read: Zerodha's Nithin Kamath on how a boring, invisible Sebi step brought windfall gains for retail investors
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