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This Article is From Feb 03, 2022

Jubilant FoodWorks Q3 Review - Satisfactory Margins Despite Inflation: Dolat Capital

Jubilant FoodWorks Q3 Review - Satisfactory Margins Despite Inflation: Dolat Capital

Jubilant FoodWorks Q3 Review - Satisfactory Margins Despite Inflation: 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 Q3 FY22 revenue, Ebitda, profit after tax were below our estimate. Covid-19 induced restrictions impacted performance of dine-in in Q3 (72% recovery versus Q3 FY20).

The company reported 7.5% like-for-like over 0.2% de-growth in Q3 FY21. Delivery/takeaway reported 128/148% recovery compared to Q3 FY20. 

Despite significant inflation and Covid-19 induced restrictions, Jubilant FoodWorks was able to restrict gross margin fall to 70 basis points. We attribute this to increase in delivery charges and calibrated price hikes during previous quarter.

Click on the attachment to read the full report:

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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