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    JUBILANT FOODWORKS LTD Q1 RESULTS

    Kotak Mahindra Bank, Mphasis among 10 stocks where mutual funds increased stake in Q1
    Buy Zomato, sell Jubilant Foodworks & don't buy other QSR stocks: Will this theme continue even longer after Swiggy gets listed?

    For 2023, Biryani was the most ordered food online. Will 2024 be different when numbers come out. Not probably, With nearly 85 variants and over 6.2 million orders, 'Dum Biryani 'has emerged as the undisputed champion. Biryani rice came in second with 3.5 million orders, while 'Hyderabadi Biryani' received over 2.8 million orders. For some investors these might appear to be irrelevant at the first instance, but probably that is the reason why stocks like Jubilant foodworks and other QSR stocks have been underperforming for quite some time. Will this change, or growth of zomato and swiggy, which makes sure that more Briyani, Chole Bhature and Tikki are ordered, brings a cap to growth which pizza and burger sellers can have at least in terms of giving return on the street.

    Zomato captains India Inc’s dream Team XI with over 1,000% profit growth

    The June quarter saw Zomato and 10 other companies achieving over 1,000% profit growth. Zomato's profit skyrocketed 12,550% year-on-year. Other remarkable performers were Shakti Pumps and Lotus Chocolate. Experts advise focusing on growth outlooks rather than past profits when making investment decisions.

    Hot stocks: Brokerage view on Jubilant Foodworks, Trent, Grasim, Honasa and Siemens

    Brokerage firms delivered varied ratings: CLSA on Jubilant Foodworks with underperform, Jefferies held Trent with an increased target, Citi saw buying potential in Grasim, and Kotak Equities advised selling Siemens. Jefferies continued a buy rating on Honasa. Each rating reflected recent performance and anticipated market trends.

    Stocks in news: IRFC, Vodafone Idea, Adani Enterprises, Honasa Consumer, Siemens, Jubilant FoodWorks

    Shares of IRFC, Vodafone Idea, NMDC, Hudco, SJVN and Voltas will be in focus as the companies will announce their first quarter results today.

    Jubilant FoodWorks Q1 Results: Profit plunges 31% YoY to Rs 51.5 crore; revenue jumps 10%

    The pizza company saw a 10% year-over-year increase in operational revenue during the quarter, reaching Rs 1,439.6 crore, primarily driven by 8.5% growth in its India operations. EBITDA rose slightly by 0.7% to Rs 278.2 crore, though margins decreased by 1.8 percentage points compared to the same period last year.

    The Economic Times
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