Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 50010.99 Crore) operating in Tourism & Hospitality sector.
Jubilant Foodworks Ltd. key Products/Revenue Segments include Pizza, Others, Beverages, Desserts, Dips, Other Operating Revenue and Others (Traded) for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1125.64 Crore, up 24.88 % from last quarter Total Income of Rs 901.35 Crore and up 32.79 % from last year same quarter Total Income of Rs 847.68 Crore. Company reported net profit after tax of Rs 120.05 Crore in latest quarter.
Investment Rationale
The brokerage cuts FY22-23 earnings estimates by ~8-10%, modelling revenue / EBITDA / PAT CAGR of 29 / 37 / 70 (%) over FY21-23E. It maintains ADD with DCF-based revised target price of Rs4,200 (was Rs3,500 earlier) as it rolls forward. Key downside risk is raw material costs turning inflationary.
Promoter/FII Holdings
Promoters held 41.94 per cent stake in the company as of 30-Sep-2021, while FIIs owned 41.41 per cent, DIIs 10.87 per cent.
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