Morgan Stanley keeps overweight on Jubilant FoodWorks, sees growth momentum supporting margins
Morgan Stanley has reiterated its overweight rating on Jubilant FoodWorks with a target price of ₹781, highlighting strong growth momentum in its Indian business and expectations of margin improvement ahead. The company reported an 18% year-on-year rise in revenue for the first quarter, with Domino's India like-for-like growth at 11.6%, outpacing its quick service restaurant peers.
The brokerage said the company remains focused on market penetration while maintaining limited price hikes, a strategy it believes will sustain healthy volume-led growth despite the high base of previous years. Management expects gross margins to improve as cost pressures ease, with top-line growth helping to support EBITDA margin expansion over time. Morgan Stanley sees Jubilant FoodWorks well positioned to capitalise on strong brand equity and consumer demand trends, reinforcing its positive stance on the stock.
Disclaimer: The views and recommendations made in this article are those of Morgan Stanley. This article does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions.
Ahmedabad Plane Crash
Markets Desk at BusinessUpturn.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Jim Cramer Predicts Caterpillar Inc. (CAT) Is Going To Receive 'Huge' Orders
We recently published . Caterpillar Inc. (NYSE:CAT) is one of the stocks Jim Cramer recently discussed. Caterpillar Inc. (NYSE:CAT) is an industrial and construction machinery manufacturer. Despite the fact that the housing industry continues to struggle in 2025, the firm's shares have gained 13.5% year-to-date. According to Cramer, Caterpillar Inc. (NYSE:CAT) has benefited from growing activity surrounding data center construction. This time, he commented on a Morgan Stanley downgrade: 'Okay so let me just give you the thesis on that. The reason why that stock went up even though it missed the numbers is because people are looking for ways to be able to play the reshoring. . . .But CAT is going to be the recipient of huge number of orders because it's very difficult to be able to, build anything large in this country without CAT being involved. So, that to me, he had a Hold on it during this great run, he has a Sell. I come back and I say, give me a break. That company, if it comes down, will be a natural way to be able to play what is happening. Which is David, conceivably one of the greatest explosion of building in country's history, equal to the interstate highway system.' Copyright: jarretera / 123RF Stock Photo 'Yeah look if you commit 600 billion [Apple's US investment] which is the larger than the gross domestic product of a series of countries as the President mentioned, then you're going to need to have to move a lot of earth. And, I don't think that you're gonna spend a lot of money on other countries stuff that's going to be tariffed, if you can buy stuff that's made in this country. So it's CAT. . .I think the downgrade to Sell is just kind of like I missed it and now it's too high. It was a decent quarter, the inventories were low and they can rebuild. I think that you don't wanna, I think that you know, you sell it for 10, 15 and you buy it back. I don't know, be a hedge fund.' While we acknowledge the potential of CAT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Post
2 hours ago
- New York Post
India shops the globe for oil ahead of Trump-Putin summit: report
Indian refiners, the top importers of Russian crude oil, are searching for alternative suppliers ahead of Friday's summit between President Trump and his Russian counterpart Vladimir Putin. India, the world's third-largest oil consumer, is looking to switch up its procurement process after Trump imposed a total 50% tariff rate on New Delhi, accusing the country of effectively fueling Russia's war machine. Oil importers are now hedging their bets that even harsher punishments are in store for anyone who purchases petroleum from Moscow once Trump meets with Putin, with India's state processor buying large bulks of non-Russian crude this week to prepare for the worst, Bloomberg reported. 4 Indian state-refiners, under Prime Minister Narendra Modi, are shopping around the world for crude oil. Ton Molina/NurPhoto/Shutterstock 4 State refiners are looking to alternatives from Russia, which accounts for about $130 billion on India's oil imports. REUTERS Both Indian Oil Corp. and Bharat Petroleum Corp. have purchased cargo from all over the world, including the US, Brazil and the Middle East. Saudi Arabia remains one of the top exporters of oil to India, with Riyadh sending about 22.5 million barrels of crude that are expected to arrive in September, according to Bloomberg. The full 50% tariff rate imposed by Trump is due to take effect Aug. 27, supplanting the 25% rate currently in effect. The race to stock up comes as Indian Oil, the country's top refiner, missed its quarterly profit estimates on Thursday, reporting revenue about $200 million below expectations. 4 Trump has threatened to double the tariff rate on India to 50% over New Delhi's purchase of Russian crude oil. via REUTERS 4 Russian President Vladimir Putin is set to meet with Trump in Anchorage, Alaska, on Friday. VYACHESLAV PROKOFYEV/SPUTNIK/KREMLIN POOL/EPA/Shutterstock On average, India imported about $130 billion in Russian oil per year since Moscow invaded Ukraine in February 2022, according to an analysis from the New York Times. 'Like any major economy, India will take all necessary measures to safeguard its national interests and economic security,' India's foreign ministry said in a statement responding to Trump's Aug. 6 tariff announcement. Officials in India have accused the US of importing uranium and fertilizers from Russia despite ongoing sanctions. The recent rupture with Trump has also led India to look to mend its relations with China and discuss resuming cross-border trade of domestic goods after more than five years, according to Bloomberg. With Post wires
Eater
3 hours ago
- Eater
Here's What to Order at San Jose's Late-Night New Indian Pizza Player
is a writer and recipe developer living in San Jose, California. His work has appeared in KQED, Serious Eats, Food & Wine, Metro Silicon Valley, The Kitchn and more. A pickup window in Downtown San Jose is slinging Indian-inspired pizzas topped with samosas, vegetable manchurian, and palak paneer. There's also saucy tikka masala wings and masala fries loaded with cheese and green peppers. The window sits directly on the sidewalk and catches the eye with a large menu and striped awning. Downtown San Jose isn't known for its late-night dining scene. Most open signs flicker off by 10 p.m. But Mazala Pizza, which opened in late 2024, is open until 3 a.m. on Fridays and Saturdays making it an ideal spot for an early breakfast after a night out. In May 2019, Jay Patel opened a modern Indian restaurant in Chicago called Moti Cafe. A year later, the pandemic hit — he transitioned to a takeout-centered concept named Mazala Pizza to stay afloat. The name blends the Hindi words maza (fun) and masala (spices). The menu was built around Indian flavors combined with dishes that lend themselves well to pick up or delivery like pizzas, tacos, and burritos. The venture was a success and Mazala Pizza has since expanded to several locations in Illinois and one in New Jersey. Octavio Peña The San Jose pickup window opened in November 2024. This marks the young company's first location on the West Coast, bearing a slightly different menu from their previous location Their California location removes tacos and burritos in favor of sandwiches and wings. It's connected to San Jose's downtown food hall which is a hybrid between a ghost kitchen and an actual mall food court. There isn't much of an ambience, but there are tables for enjoying your meal. Thankfully, you're a short stroll away from San Jose State University where you can plop down for a picnic on the lawn in front of Tower Hall. Keep in mind that the dining room closes at 9 p.m., so if you're stopping by for a late night slice you will need to find somewhere else to take your feast. Here's what to order. Indian-inspired pizzas Mazala Pizza isn't the first to make pizzas infused with Indian flavors, but they bring a distinctive approach that draws inspiration from multiple facets of Indian cuisine. Many of the flavor combinations are inspired by chaat, Indian street food. Others are creative riffs that play with elements of fusion in a smart, flavorful way. The palak paneer pizza, for example, is made with a spinach-based sauce that has that same leafy green flavor you would get in a pesto pizza. A highlight is the samosa smash pizza stacked with crushed samosas and sev (crunchy noodles) on a bed of cheese and tikka masala. It's drizzled with mint and tamarind chutneys which add contrast in the form of freshness and tanginess. Another notable option is the masala elote pizza speckled with charred corn kernels heavily seasoned with masala. The pizzas are served in personal naan size or as a 12-inch thin crust or pan crust. At $22, a 12-inch samosa smash pizza is the smartest order. Sandwiches and wings The Tikka masala chicken at Mazala Pizza. Octavio Peña Keeping up with pizza shop tradition, Mazala Pizza offers a selection of wings to gnaw on between slices. The sauces the wings are tossed in are the same used in the pizza — that includes a spicy firecracker sauce and tikka masala sauce. If you prefer to keep your fingers sauceless, you can get fried chicken in sandwich form. The vegetarian options aren't an afterthought here. There's a sandwich made with a slab of paneer coated in panko and deep-fried. Both variations feature pickled onions and a medley of chutneys. Momos Mazala Pizza also offers momos stuffed with vegetables, chicken, or paneer. They're available either fried or steamed. You can get them topped with any of Mazala Pizza's signature sauces plus a sprinkle of green pepper, onions, and sev. The fried version provides a better textural experience as the crisp exterior provides contrast to the sauce. A solid option are the moti momos coated in a zesty mayo-based sauce. Mazala Pizza (82 East Santa Clara Street, San Jose) is open from 11 a.m. to midnight, Sunday through Thursday, and from 11 a.m. to 3 a.m., Friday and Saturday. Eater SF All your essential food and restaurant intel delivered to you Email (required) Sign Up By submitting your email, you agree to our Terms and Privacy Notice . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
