Published on 22/07/2021 11:33:12 AM | Source: Angel Broking Ltd

Quote on Jubilant Foodworks -1QCY21 - Result Update By Mr. Amarjeet Maurya, Angel Broking Ltd

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

Below is quote on Jubilant Foodworks -1QFY22 - Result Update by Mr. Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd

For 1QFY22, Jubilant Foodworks (JFL)’s top-line grew by ~130% yoy to Rs893cr.This was driven by Domino’s LFL Sales growth of 120.4% and SSG of 114.2%. The growth in Delivery channel, which grew by 123.7%, mitigated the impact on account of Dine-in channel being shut for a long time and mobility restrictions impacting the takeaway channel. Currently the company has 1380 stores and 20 new stores added during the quarter. On the consolidated operating front, the company has reported ~Rs212cr, grew by 764% on account of lower base last year same quarter. JFL reported operating margin improvement (up by 1,744bp YoY to 23.8%). On the bottom-line front, JFL reported profit of ~Rs69cr (against loss of ~Rs74cr in 1QFY21) due to lower sales. Overall 1Q results were in line with expectation.Considering the JFL’s healthy performance, strong brand and expected number of stores addition, we are positive on stock.


Above views are of the author and not of the website kindly read disclaimer