Jubilant FoodWorks - Turkey Attraction Marred By Currency Issues: Prabhudas Lilladher

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..Prabhudas Lilladher Report.Jubilant FoodWorks Ltd.'s concall highlighted the growth trajectory and plans for DP Eurasia and Bangladesh. Jubilant FoodWorks recently increased stake in Dp Eurasia to 94% while it had increased stake in Bangladesh to 100% in 2022. The Turkish business presents an attractive long-term prospect driven by geographical expansion (addition of 560 stores in medium term), 51% market share , strong brand recall, the expanding COFFY network, and a margin-accretive franchise model that reduces store operating costs. However, currency devaluation remains a significant concern due to the continuous downtrend of the Turkish currency (Lira has depreciated from Rs 28 in 2012 to current levels of 2.5). Bangladesh business is still in the nascent phase, with only 26 stores. Nevertheless, it is experiencing robust growth in existing stores and presents an opportunity to expand into more cities, making it a good option for expanding the footprint in international markets. India business remains under pressure due to tepid demand in Pizza category and increase in competition. Popayes is shaping up well and is targetting Rs 10 billion sales in fastest time by any quick service restaurant..Click on the attachment to read the full report:.Jubilant FoodWorks - Focus On Expanding Store Network: Motilal Oswal.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.

Jubilant FoodWorks - Turkey Attraction Marred By Currency Issues: Prabhudas Lilladher

Turkey business has high growth but currency devaluation (Lira devalued from Rs 28 to Rs 2.5 since 2012) presents a huge concern

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