03.02.2022 - CS on Jublfood Maintain Neutral CMP 3301 Target 3500(PREVTGT 3800)
03.02.2022 - CITI on Jublfood Maintain Buy CMP 3301 Target 4350 (PREVTGT 4750)
03.02.2022 - CLSA on Jublfood Maintain Downgrade Sell CMP 3301 Target 3190(PREVTGT 3920)
03.02.2022 - ICICI SEC on Jublfood Maintain Add CMP 3301 Target 3600
28.01.2022 - MS on Jublfood Maintain Overweight CMP 3399 Target 5000
13.01.2022 - JpMorgan on Jublfood Maintain Overweight CMP 3915.50 Target 4350
11.01.2022 - Citi On Jublfood Maintain Buy Target 4750
CLSA ON JUBILANT FOOD -30.08.2021
• Company leveraging technology to enhance capabilities
• FY2021 was a year of new initiatives
MS ON JUBILANT FOOD : 22.07.2021
* MS maintains Overweight rating on Jubilant Food and remains constructive on medium-term strategy of physical & digital scaling
* MAINTAIN OVERWEIGHT TARGET: 3,236
* Q1 Earnings Beat Our & Consensus Estimates
* Management Is Optimistic On Near-term Outlook
* Accelerated Its Store Addition Target Of 150-175 Stores In FY22
* Remain Constructive On Medium-term Strategy Of Physical & Digital Scaling
* Citi maintains BUY on #JubilantFoodworks; Target at Rs 3,315/share
BROKERAGE RADAR CITI ON JUBILANT FOODWORKS : 22.07.2021
• Maintain BUY, Target at Rs 3,315/share
* Q1FY22 beats expectations; accelerated growth ahead
• Jubilant did well in a quarter marred by the second Covid wave
* Management seems to be accelerating store expansion
HSBC ON JUBILANT FOOD : 22.07.2021
* HSBC maintains BUY call on Jubilant Food, target at Rs 3,650/sh
* Q1 Sales Growth Of 131% YOY, Led By Delivery, Was Impressive In A Disrupted Quarter
* June Sales Back To Pre-COVID Level
* Superior Delivery Economics, Cost Efficiencies & Delivery Fee Led To High Margin
* With New Formats & Domino's Growth, Co Now Appears Structural Winner In QSR
* MAINTAIN BUY TARGET: 3,650
GS ON JUBILANT FOOD : 22.07.2021
* GS has a Sell call on Jubilant Food given headwinds to earnings growth
* System Sales Have Almost Recovered
• Dine-in Revenue Likely To Pick Up With Re opening
• Remain Sell Rated Given Headwinds To Earnings Growth
MAINTAIN SELL TARGET: 1,293
JEFFERIES ON JUBILANT FOODWORKS : 16.06.2021
• Maintain BUY, Target at Rs 3,700/share
* Jubilant Food remains our preferred pick in consumer discretionary space
• Jubilant Foods reported an in-line quarter although YoY growth looks strong
* Focus continued on Domino's store additions with 50 in 4Q and 134 for FY21
* Input price inflation (mainly cheese) showed up slightly on GMs
* Management expects to hold-on to margins in coming quarters
MORGAN STANLEY ON JUBILANT FOODWORKS : 16.06.2021
• Maintain Overweight, Target at Rs 3,236/share
* Q4 earnings missed our & consensus expectations
* Q4 management commentary was positive on scale up potential
* Remain constructive on Jubilant's medium term scaling strategy
* Trim our FY23 forecast by 2% and introduce F24 estimates
MS ON JUBILANT FOOD : 16.06.2021
* MAINTAIN OVERWEIGHT TARGET: 3,236
* MS has to say about Jubilant Food's earnings
* Management Commentary Positive On Scale-up Potential
• Constructive On Co's Medium-term Scaling Strategy
UBS ON JUBILANT FOOD : 16.06.2021
* MAINTAIN NEUTRAL TARGET: 3,000
* Growth drivers in place for Jubilant Food, execution will be key, UBS maintains NEUTRAL with target at Rs 3,000/sh
• Growth Drivers In Place, Execution Will Be Key
• Revenue Grows YoY In Q4; Impacted Again In April/May
• Portfolio Expansion To Drive Growth
CLSA ON JUBILANT FOOD : 16.06.2021
* MAINTAIN OUTPERFORM TARGET: 3,300
* CLSA sees an earnings growth of 6-9% for Jubilant Food over FY22-23, says co is geared to leverage market opportunity.
* Earnings Growth Of 6%-9% Seen Over FY22-23
* Revamped Management Team To Address Growing Business Needs
* Geared To Leverage Market Opportunity
* Bold Approach To Capture Food Svcs Opportunity Makes Co A Structural Play
JPMORGAN ON JUBILANT FOOD : 16.06.2021
* MAINTAIN OVERWEIGHT TARGET: 3,425 (PREVIOUS TARGET: 3.030)
* Positive growth supports premium multiples for Jubilant Food, JPMorgan says, raises target for the stock
* Positive Growth Supports Premium Multiples
* April/May 2021 Rev Recovery Rate At 94.4%/87.7% YoY With June To Be Better
* Like Its Strong On-ground Execution Capabilities Supported By Digital Invsts
* Popeyes To Be A Promising Addition To The Portfolio Mix
* Stay Overweight Given Medium term Growth Prospects
CS ON JUBILANT FOOD : 16.06.2021
* MAINTAIN NEUTRAL TARGET: 2,900
* Margin upsides for Jubilant Food unlikely hereon, new format success a key deliverable, Credit Suisse says after the QSR major reported its Q4 earnings yesterday
• Cut FY22 EPS Estimate By 3% Due To COVID-19 Impact In Q1
• Margin Upsides Unlikely Hereon, New Format Success A Key Deliverable
* Maintain Neutral Due To Stretched Valuations
