Sharekhan has given Buy on the stock with a revised price target (PT) o recommendation for Jubilant Foodworks with a target price of Rs. ekhan is bullish on Jubilant Foodworks has recommended buy on the stock with a revised price target (PT) of Rs. 4,707 in its research report issued on Feb 02, 2022

Outlook

JFL is banking on consistent growth in Domino’s revenue, scale-up in emerging brands through higher investments, increased presence in international markets, and making investments in high-potential businesses to generate better returns for its shareholders in the long run. The stock has corrected by 27% from its recent high and any further correction can be considered as a good buying opportunity. We like management’s strategy of increasing its share in domestic as well as some of the international QSR markets with prudent capital allocation plans and fast store addition to grab higher share. We maintain our Buy recommendation on the stock with an unchanged price target (PT) of Rs. 4,707. The stock is currently trading at 62.9x and 44.3x its FY2023E and FY2024E earnings, respectively.

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