Latest news with #JubilantFoodworks
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Business Standard
5 days ago
- Business
- Business Standard
Dominos operator Jubilant FoodWorks stock rises 5% post Q1; analysts weigh
Jubilant Foodworks, which operates primarily under the following brands: Domino's Pizza, Dunkin' Donuts, shares rose 4.8 per cent on BSE, logging an intra-day high at ₹670.65 per share. The buying on the counter came after the company released its first quarter (Q1FY26) results on Wednesday, post-market hours. However, at 10:40 AM, Jubilant FoodWorks share price pared gains and was trading flat at ₹640 per share. In comparison, BSE Sensex rose 0.2 per cent at 80,704.76. While most brokerages have given a 'Buy' rating, Macquarie has maintained an 'Underperform' on Jubilant Foodworks. Some brokerages have also revised their target on the stock, taking into account the company's financial performance in Q1. Jubilant Foodworks Q1 results recap Jubilant FoodWorks' net profit surged 64.4 per cent during the April-June quarter (Q1) of FY26 at ₹91.7 crore, as compared to ₹55.8 crore a year ago. The company's revenue grew xx per cent to ₹2,260.8 crore, as against ₹1,933 crore year-on-year (Y-o-Y). Its profit before interest, depreciation, and tax (PBIDT) went up 44.6 per cent to ₹459.7 crore. Sales of the company were up 17 per cent to ₹2,260.9 crore. According to an investor presentation, Domino's India revenue was up by 17.7 per cent year-on-year (Y-o-Y), driven by strong order growth of 17.3 per cent across all tiers and its like-for-like (LFL) rise of 11.6 per cent. This was on account of strong delivery LFL growth of 20.1 per cent. It also said that its mature stores' average daily sales came in at ₹85,396 for Domino's India stores. Jubilant Foodworks Q1 results analysis: Brokerages view Nuvama Institutional Equities | Buy | Target cut to ₹811 from ₹838 Jubilant FoodWorks maintained its momentum in Q1FY26 with 11.6 per cent like-for-like (LFL) growth, as both delivery and dine-in (ex-takeaways) performed well, the brokerage noted. However, it believes persistently high LFLs are straining service levels and may prompt more split stores going ahead. Nuvama has cut its FY26E/27E revenue by -2.7 per cent/-5.9 per cent and Earnings before interest, tax, depreciation and amortisation (Ebitda) by -8.6 per cent/-10.4 per cent, given slower growth in DP Eurasia and a relatively soft pickup in margins than guidance. Emkay Global Financial Services | Buy from Add | Target: ₹825 Analysts reckon that the recent correction was unwarranted in light of the Q1 revenue/Ebitda growth of 18 per cent/22 per cent in the India business and significant outperformance against peers. Most peers have seen Ebitda being flat or declining in Q1. ICICI Securities | Buy | Target cut to ₹770 from ₹800 'We like management's focus on aggressive customer acquisition (providing better value to consumers), disciplined execution, and consistent store expansion (to add 1000 stores over 3 years),' the brokerage said in its note. However, it cut its earnings estimates by 4 per cent for FY26-27E; modelling revenue/Ebitda/PAT compound annual growth rate (CAGR) of 16 per cent/18 per cent/48 per cent over FY25-27E as it sees raw material costs turning inflationary and a higher-than-expected increase in competitive intensity as key risks.
Economic Times
5 days ago
- Business
- Economic Times
Jubilant Foodworks shares rally 5% after Q1 PAT grows 60% YoY, but brokerages trim targets. Here's why
Jubilant Foodworks shares rallied 4.8% on the BSE on Thursday to their day's high of Rs 670.65, after the company reported a strong 59.8% year-on-year growth in profit after tax (PAT) for the first quarter of FY26. PAT rose to Rs 97.2 crore from the year-ago period, with the PAT margin improving by 115 basis points to 4.3%. 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' 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' 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 (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
5 days ago
- Business
- Time of India
Jubilant Foodworks shares in focus after Q1 PAT grows 60% YoY, brokerages cut target prices
Jubilant Foodworks shares are likely to be in focus on Thursday after the company reported a strong 59.8% year-on-year growth in profit after tax (PAT) for the first quarter of FY26. PAT rose to Rs 97.2 crore from the year-ago period, with the PAT margin improving by 115 basis points to 4.3%. 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. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now 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. After the company's Q1 results, here is what brokerage firms are saying: Live Events Nuvama: Buy| Target price: Rs 811 Nuvama has revised its target price for Jubilant Foodworks to Rs 811 from Rs 838 while maintaining a 'Buy' rating. 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. Avendua: Add| Target price: Rs 700 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. Motilal Oswal: Neutral| Target price: Rs 725 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. Also read: Zerodha's Nithin Kamath on how a boring, invisible Sebi step brought windfall gains for retail investors ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Standard
6 days ago
- Business
- Business Standard
Jubilant Foodworks standalone net profit rises 29.49% in the June 2025 quarter
Sales rise 18.20% to Rs 1701.58 croreNet profit of Jubilant Foodworks rose 29.49% to Rs 66.70 crore in the quarter ended June 2025 as against Rs 51.51 crore during the previous quarter ended June 2024. Sales rose 18.20% to Rs 1701.58 crore in the quarter ended June 2025 as against Rs 1439.56 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 18 OPM %19.0019.32 -PBDT270.05223.49 21 PBT88.3168.34 29 NP66.7051.51 29 Powered by Capital Market - Live News
Reuters
6 days ago
- Business
- Reuters
Domino's India operator beats quarterly profit view on strong delivery demand
Aug 13 (Reuters) - Domino's India operator Jubilant Foodworks ( opens new tab beat first-quarter profit estimates by a wide margin on Wednesday, as lower-priced menu items and free deliveries bolstered demand even as other fast-food franchisees struggled. The company reported profit of 917.6 million rupees ($10.49 million) for the quarter ended June 30, compared to a year ago profit of 558 million rupees. Analysts on average were expecting a profit of 645.6 million rupees, according to data compiled by LSEG. ($1 = 87.4380 Indian rupees)
