JUBILANT FOODWORKS LTD Q3 RESULTS
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.
Here's why Deepak Shenoy is bullish on LIC stock
There are countries that are hotter but have just a lot more air conditioning, so that way positive about the long-term future. We have not got this stock in our portfolio, but the whole space is interesting. For Jubilant, it is relatively expensive stock.
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.
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.
Sapphire Foods India Q1 Results: Pizza Hut operator misses profit estimates on weak demand, surging costs
The Yum Brands franchisee's consolidated net profit fell 68% to Rs 8.52 crore ($1.02 million) for the quarter ended June 30. Analysts, on average, had expected a profit of Rs 17.39 crore according to LSEG data.
Burger King's India operator Restaurant Brands Asia Q1 Results: Loss narrows to Rs 49 crore
Restaurant Brands Asia, which operates Burger King and Popeyes chains in India and Indonesia, reported a narrower first-quarter loss on Monday as offers and discounts brought more customers to its outlets.
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Q1 results today: RIL, Wipro, Paytm among 51 companies to announce earnings on Friday
Q1 results today: Several major companies, including Reliance Industries, Wipro, and Paytm, are set to announce their first quarter results today. Expectations range from profit growth to revenue declines across different sectors. Investors are advised to stay informed and watch out for key updates.
Q1 results today: Bajaj Auto, L&T Finance among 24 companies to announce earnings on Tuesday
24 firms, including Bajaj Auto, L&T Finance, Just Dial, DB Corp, and BMW Industries, will announce Q1 results. Bajaj Auto anticipates a robust Q1 with 7% volume increase, expanded EBITDA margins, and 17% profit growth. Century Textiles, Deccan Bearings, Jubilant Ingrevia, Network18 Media also to be monitored. Bajaj's 14% sales growth echoes March quarter success.
Flying high! Tourism stocks rebound up to 4,721% from Covid lows
Shares of BLS International Services and other top tourism stocks have seen remarkable growth post-lockdown, with returns ranging from 1,222% to 4,721%. The newly launched Nifty Tourism index tracks 17 constituents, offering investors a diversified approach to the booming tourism sector.
TRADERS’ CORNER: Power major and realty stock line up with 5% gains each
Nifty hit a fresh lifetime high and closed at a new all-time high level.
Hot Stocks: Brokerages on Jubilant FoodWorks, Sun Pharma, Nykaa; Motilal upgrades HDFC Life
Top brokerages issue ratings and targets for key stocks: Motilal Oswal upgrades HDFC Life to buy; Jefferies reaffirms buy for Sun Pharma; UBS stays neutral on Nykaa; Jefferies advises hold on Jubilant FoodWorks. Analysts anticipate growth trajectories and address performance factors.
Jubilant FoodWorks Q4 Results: Profit jumps on steady demand
Jubilant FoodWorks reported a more-than-seven fold jump in quarterly profit on Wednesday as the Domino's Pizza's Indian franchisee booked an one-time gain and also benefited from steady demand.
Q4 results today: Sun Pharma, Nykaa, Paytm among 162 companies to declare earnings on Wednesday
162 companies to report Q4 earnings on Wednesday. Nykaa expects 24% BPC and Fashion GMV growth, while Paytm faces a revenue decline from RBI actions. Analysts also predict pressure from discounting and lower advertising income.
Q4 results this week: ITC, ONGC, Sun Pharma, Nykaa, Ircon International and IRFC
ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi's lab will be releasing their March quarter report cards this week.
Sapphire Foods Q4 Results: PAT plunges 98% YoY to Rs 2 crore; revenue jumps 13%
This was the company’s biggest profit fall since listing as inflation-weary customers continued to cut back on dining out and ordering in
Hot Stocks: Brokerage view on M&M Finance, Jubilant FoodWorks, Tata Technologies, TCS and HCL Tech
CLSA upgraded TCS, HCL Technologies, and Tech Mahindra. Nomura recommended reduce on M&M Finance. BofA upgrades Jubilant FoodWorks to buy. JPMorgan maintains underweight on Tata Technologies.
Oh dear! The bill for your dinner date just went up. Blame it on pricey cocoa, coffee, palm oil & sugar
The cost of dining out and ordering in restaurants is rising, with bills potentially rising 5-8% starting this month. This is the first increase in about 1.5 years, as prices of cocoa, coffee, palm oil, and sugar have surged over the past quarter. Cocoa prices have reached a record, reaching over $10,000 per tonne, following disappointing harvests in key producing countries such as Ghana and Ivory Coast. Cocoa prices have doubled in the January-March quarter from the preceding one, and cocoa butter has risen over 150% in just one year.
Q3 results today: Tata Motors, Delhivery, Indigo among 130 companies to announce earnings
Nearly 130 companies, including Tata Motors and Indigo, will be announcing their December quarter earnings. Tata Motors is expected to have a strong performance due to robust demand for vehicles in India and growth in volumes for Jaguar Land Rover. Indigo is also expected to post strong profit growth driven by improving passenger yields and fare prices.
Q3 results this week: ITC, Adani Ports, Bajaj Finance, IndiGo, SBI, Tata Motors and others
ITC, Bajaj Finance, NTPC, Adani Green Energy, Bharat Electronics, Punjab National Bank, GAIL, Bharat Petroleum, Corporation, Vodafone Idea, Marico, Petronet LNG, Nippon Life India Asset Management, Tata Investment Corporation, Piramal Enterprises, R R Kabel, Aditya Birla Sun Life AMC, Maharashtra Seamless, Nuvoco Vistas Corporation, Godfrey Phillips India, among others will report their December quarter numbers on Jan 29
US Fed meet, Interim Budget, Q3 results among 9 factors to keep D-Street busy this week
US Fed meeting, corporate earnings, Budget, and several IPOs are likely to impact Dalal Street investors this week. “Going forward, global market factors like the policy rate decisions of major countries will affect the market, and markets are likely to witness stock-specific actions during the ongoing earnings season,” said Vinod Nair, Head of Research, Geojit Financial Services.
Zomato food business performance largely in line; Blinkit profitability a big silver lining: Karan Taurani
“In Blinkit business, the contribution margins have turned positive for the first time and the revenue growth here has been quite stellar versus the GOV growth and clearly, there is an indication that they are trying to increase throughput per store and increase the number of orders per store which will take them closer to a path to breakeven for profitability.”
Jubilant FoodWorks shares tank over 6% post Q2 results. Should you buy, sell or hold?
During the quarter, the pizza seller reported a 4.5% year-on-year (YoY) rise in its revenue from operations to Rs 1,344.8 crore as compared to Rs 1,286.8 crore in the year-ago period.
Jubilant FoodWorks Q2 Results: Profit slides 39% YoY to Rs 72 crore, misses estimate
Jubilant FoodWorks Q2 profit after tax (PAT) margin declined by 38 bps sequentially to 5.4% while its EBITDA margin came in at 20.9%, lower by 23 bps sequentially. During the quarter, the pizza seller reported a 4.5% YoY rise in its revenue from operations to Rs 1,344.8 crore as compared to Rs 1,286.8 crore in the year-ago period.
Restaurant Brands Asia Q1 Results: Burger King's India operator posts wider loss on higher costs
Rising costs have pressured bottom lines at its rivals as well, including KFC franchisees Sapphire Foods India and Devyani International as well as Domino's Pizza operator Jubilant FoodWorks.
Jubilant FoodWorks shares fall 4% after Q1 profit drops 26%. What should investors do now?
The company opened 30 new stores in India, resulting in a network of 1,891 stores across all brands. With the addition of 23 new stores and entry in one new city, Domino’s India expanded its network strength to 1,838 stores across 394 cities.
Jubilant FoodWorks Q1 Results: Profit drops 26% YoY to Rs 75 crore
Jubilant FoodWorks' Q1 profit after tax (PAT) margin improved by 195 bps sequentially to 5.7% while EBITDA margin came in at 21.1%, higher by 97 bps sequentially. The growth was driven by Domino’s Delivery channel sales which increased by 8.4%. The average daily sales of mature stores, came in at Rs 81,049, up by 2.7% sequentially. The Domino’s LFL (like for like) growth came in at -1.3%.
Jubilant Foodworks shares plunge 5% after Q4 results. Should you buy, sell or hold?
Jubilant Foodworks shares recovered after plunging over 5% in Thursday's opening trade. The company reported a lackluster Q4FY23 earnings on Wednesday. The quick service restaurant chain operator reported a 59% year-on-year decline in its standalone net profit at Rs 47.5 crore for the quarter ended March. It was Rs 116 crore in the same quarter last year. The company, which owns the master franchise of Domino's Pizza in India and a few other countries, posted
Jubilant FoodWorks Q4 Results: Profit more than halves to Rs 47 crore; revenue rises 8% YoY
The company, which owns the master franchise of Domino's Pizza in India and a few other countries, posted an 8% jump in revenue from operations to Rs 1,252 crore during the fourth quarter against Rs 1,158 crore in the corresponding quarter of the previous year.
Q4 results today: What's in store for Jubilant Foodworks & Devyani International
Jubilant Foodworks is expected to report a more than 50% decline in net profit at INR54.7 crore for Q4 2022, with sales rising by a meagre INR1,175 crore. Reports forecast a 9-10% like-for-like decline across QSR brands, while Kotak Institutional Equities predicts a 12-13% decline in average revenue per store due to store splits and subdued demand. Meanwhile, Devyani International’s net profit is expected to halve to INR37.8 crore in March Q4, with sales rising around 26% to INR746 crore, with KFC expected to report low single-digit sames-store sales growth while Pizza Hut experiences a mid-single digit decline.
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