Analysts remain bullish on Jubilant Food on strong Q3

The stock has rallied 30 per cent in the last three months to close at Rs 2,825 on Thursday.

Synopsis
According to Motilal Oswal Financial Services, Jubilant has been the biggest success story in the Indian quick-service restaurant industry, driving growth with its delivery-based business model.

Mumbai: Analysts raised their price targets on Jubilant Foodworks by 8-30 per cent after the company on Wednesday reported a 22 per cent increase in consolidated profit to Rs 124 crore in the quarter ended December 2020 from the year-ago-period.The management of Jubilant, which operates Domino’s Pizza and Dunkin’ Donuts chains in India, has shifted its focus to growth by lifting capacity restrictions in dine-in, said analysts. “Jubilant’s

ET Bureau

2 mins read, Last Updated:

Feb 5, 2021, 07:24 AM IST

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