Buy Jubilant Foodworks Ltd For Target Rs. 4200 By Angel One Ltd
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CMP-Rs3,750 Target Price-Rs4,200
Jubilant Foodworks(JFL) is a food service company engaged in retail sales of food through two strong international brands, Domino’s Pizza and Dunkin’ Donuts addressing different food market segments. During 2QFY22, JFL has reported strong sales growth (~37% yoy) and Profit grew by ~58%. Going forward, we expect JFL to report a healthy top-line and bottom-line mainly due to new product launches, store addition ( currently store is 1,435) and strong brand.Hence, we are positive on stock with a buy rating.
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