Should You Buy Jubilant Foodworks After its Q1 Results?

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Should You Buy Jubilant Foodworks After its Q1 Results?
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- Jubilant Foodworks Ltd (NS: JUBI ), the company that operates chains like Domino’s Pizza and Dunkin Donuts, reported number for Q1 FY22 that blew analysts’ expectations out of the water. It reported a net profit of Rs 63 crore compared to a net loss of Rs 74 crore in the corresponding period last fiscal.

It reported revenue of Rs 879 crore, up 131% from Rs 388 crore that it reported in the same quarter previous fiscal.

The stock is trading up 12% at Rs 3,427 as of this report. However, analysts’ targets show that Jubilant has almost reached its peak. Morgan Stanley (NYSE: MS ) has a target of Rs 3,236 for the stock. It is optimistic on the company’s near-term outlook. The company has accelerated its addition of 150-175 stores in FY22.

Motilal Oswal (NS: MOFS ) has a target of Rs 3,630 for Jubilant. It said, “With its proven and profitable model, we expect Jubilant FoodWorks to be the key beneficiary of favorable trends. We upgrade the rating to Buy with TP of Rs 3,630.”

ICICI Securities has retained its target price of Rs 3,500 for the share. It said, “We believe benefits from developing superior-tech capabilities are now visible. We like the focus on growth, developing synergies with new brands and expanded organisational bandwidth. Investments on a strong fleet give it an edge over peers. Popeye’s success is the next potential positive upside trigger.”

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  • Bhaskara Raju @Bhaskara Raju
    Zomato shares listing tomorrow  vs Jubilant FoodWorks share price hit 52-week high after Q1 results
    Like 0
  • mithun prabhu @mithun prabhu
    People say valuations are expensive when it was for 1200- 1400 but this blue chip stock never disappointed. Will keep moving up as always unless Pizza's are banned 😉
    Like 1
  • shakuntala ambwani @shakuntala ambwani
    no I am don't buy Juliant food due to valuation is very high share price is not justified
    Like 0
  • Jacob Varghese @Jacob Varghese
    It will tank the same percent it surged tomorrow on . Extremely overvalued
    Like 1
  • Ajay Arora @Ajay Arora
    Book profits and get out today.
    Like 0
    • Pardeep Chauhan @Pardeep Chauhan
      can use today
      Like 0
    • Amit Acharya @Amit Acharya
      Days to come ahead this Stock prices will eventually go UP. The model of business they do is unique. FII's has same time increased share holdings. DII's can't take the prices up. Buying by FII's is moving the counter. Corrections will be there & that's normal & healthy. For Long term sit tight.
      Like 0
    • Ajay Arora @Ajay Arora
      Sincerely over priced so if you are in profit then get out asap, massive dump coming today.... you've been warned.
      Like 0
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