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This Article is From Oct 21, 2021

Jubilant FoodWorks Q2 Review - Strong Momentum In Delivery, Takeaway Continues: Dolat Capital

Jubilant FoodWorks Q2 Review - Strong Momentum In Delivery, Takeaway Continues: Dolat Capital
An employee opens the door to the kitchen at a Domino’s Pizza outlet, operated by Jubilant Foodworks Ltd. (Photographer: Prashanth Vishwanathan/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Jubilant FoodWorks Ltd.'s Q2 FY22 revenue, Ebitda and adjusted profit after tax were ahead of our estimate – as recovery in delivery business was ahead of our estimate.

The company reported 26.3% same-store-sales-growth over 20% de-growth in Q2 FY21. Hence at the store level the company has reached pre-Covid-19 sales level.

Delivery/takeaway grew by robust 36.8% /72.2% respectively versus Q2 FY20.

Despite significant inflation, Jubilant FoodWorks was able to restrict gross margin fall to 50 basis points. We attribute this to increase in delivery charges during the quarter.

Click on the attachment to read the full report:

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