In past one month, Jubilant FoodWorks
has outperformed the market by gaining 12% as compared to 2% rise in the S&P BSE Sensex. Thus far in the current calendar year 2018, the stock zoomed 59% against 5% gain in the benchmark index.
Analysts at Prabhudas Lilladher retained ‘accumulate’ rating on Jubilant FoodWorks
with 18-month target price of Rs 2,870.
“Strong SSS (same store growth) and low base in 1HFY18 should drive strong growth for Jubilant FoodWorks, however we expect growth rates to taper off in FY20 as the impact of two consecutive years of low store openings shows on sales,” the brokerage firm said Q4FY18 results.
Analysts at Equirus Securities reiterate ‘ADD’ rating on the stock with a Jun’19 target price of Rs 2,738.
“We believe that around 10% volume growth seems achievable for the company in the coming years. SSSg would be aided by price hikes taken during 3QFY18, which should be more than company-level inflation and thus aid margins. Further, Dunkin' Donuts breakeven will also lead to margin improvement,” the brokerage firm said in a report.