'Buy' Jubilant FoodWorks Shares Maintains ICICI Securities, Sees 16% Upside — Here's Why

Mr. Hari Bhartia, Co-Chairman and Director reminiscenced the early days of bringing Domino's into India (1996). The trigger / idea was an extreme cold day in Minneapolis when hot pizza was delivered in 30 minutes .NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Securities Report.In Jubilant Foodworks Ltd.'s first-ever analyst meet, it outlined the present and future (next three years) -target to open 1,000 stores (versus ~250 per annum currently), 200 basis points net margin expansion aspiration,platform opportunity in Domino’s (willingness to accelerate launches outside of pizza, targeting snacking total addressable market,\finetuning Popeyes playbook prior to acceleration, insights into Turkey business (the nuances of a successful franchise operation, managing hyperinflation),using data to decide new store locations,clear guidelines / guardrails for new product development / ramp-up, clear strategy of prioritising customer acquisition over price growth,plans to relaunch loyalty program, it may experiment with sub-franchising. .Our long-term optimism is intact. Buy..Click on the attachment to read the full report:.Jubilant FoodWorks— Motilal Oswal Retains Neutral On The Stock, Sees Limited Upside At Current Valuation.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

'Buy' Jubilant FoodWorks Shares Maintains ICICI Securities, Sees 16% Upside — Here's Why

The brokerage maintain Buy with an unchanged DCF-based target price of Rs 780.

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