Jubilant Foodworks share price: Sharekhan recommends Buy with price target of Rs 3145.
Jubilant Foodworks business recovered to 100%. The company reported revenue of Rs 1057 cr. Same store sales marginally declined by 1.7% (like-to-like same store sales growth [SSSG] stood at 1.4%). SSSG stood at 4.2% in November, but it declined by 2.9% in December, affected by localised lockdown. In January 2021, SSSG stood at 3.4% (like-to-like SSSG stood at 6.6%).
Jubilant Foodworks Gross margin improved by 340 bps yoy to 78% mainly on account of benign input prices, lesser discounts by food aggregators, lower wastages, and Rs 30 delivery charges: Reuters