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Prabhudas Lilladher Report
We remain constructive on Jubilant FoodWorks Ltd. given-
medium term potential of 3000 stores,
lower competition given Covid-19 led shakeout,
strong ecosystem with digital and own delivery network,
launch of Popeye's providing future growth potential given huge opportunity in chicken market and
increased investment in Hong's Kitchen to take it beyond Delhi and national capital region,
increasing growth opportunities in DP Eurasia, Sri Lanka and Bangladesh.
We believe Jubilant FoodWorks has all the right ingredients to capitalise on growth opportunity in India and emerge as a global quick service restaurant player.
We believe success of Popeyes and ability to profitably scale up international operations hold key to further re-rating.
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