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Jubilant Foodworks' Profit Soars Sevenfold, But Analysts Slice Target Price
Share price of the Domino's parent rose as much as 4.74% in early trade to Rs 502.4 apiece on the NSE.
23 May 2024, 01:03 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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Domino's (Source: Vijay Sartape/NDTV Profit)
Jubilant FoodWorks Ltd. received target price cuts from Jefferies and Citi after the company's March-quarter earnings missed the Street's expectations. However, analysts highlighted the management's initiatives in driving volume growth and market share.The overall consumer sentiment about the company, which operates fast-food chains Domino's and Dunkin' Donuts, continues to remain weak. But, their initiatives, such as delivery-fee wa...
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