Jubilant Foodworks Share Price: Buy Jubilant Foodworks, target price Rs 3630: Motilal Oswal

Motilal Oswal has buy call on with a target price of Rs 3630. The current market price of Jubilant Foodworks Ltd. is Rs 3062.8. Time period given by analyst is one year when Jubilant Foodworks Ltd. price can reach defined target.

Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 40441.91 Crore) operating in Tourism & Hospitality sector.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 901.35 Crore, down -14.22 % from last quarter Total Income of Rs 1050.78 Crore and up 124.59 % from last year same quarter Total Income of Rs 401.34 Crore. Company reported net profit after tax of Rs 60.50 Crore in latest quarter.


Investment Rationale
Given the structural opportunities in the QSR space and JUBI’s dominant positioning with proven and profitable model, the brokerage expects JUBI to be the key beneficiary of favorable trends (shift towards branded players).

Promoter/FII Holdings
Promoters held 41.9 per cent stake in the company as of March 31, 2021, while FIIs held 41 per cent, DIIs 11.7 per cent and public and others 5.3 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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