Quarterly results
On 17 may , Wednesday Domino’s Pizza franchise operator jubilant foodworks ltd announced fourth quarter results of FY23. The company reported a revenue of 1270cr rupees which is 4.5% less than Q3 revenue of FY23 and 8% more than Q4 revenue of FY22. Net profit declined 70% YoY and 35% QoQ to 28.5cr with a net profit margin of just 2.25%
Share price
Decrease in profit margin doesn’t have any bad effects on share price of jubilant foodworks. it is trading at around 470₹ from may 18 , whereas when Q3 results of FY 23 were announced on Feb 1 net profit declined to 80cr rupees from 131cr rupees in Q2FY23 then the share price plunged to around 430 levels
Brokerage calls
Macquarie surprisingly maintained an underperform rating with a target price of 340 as opposed to most of the other Brokerages
Motilal Oswal has a buy call with a target price of 560 which is 15% more than current levels
Morgan Stanley has given an overweight rating with a target price of 560
CLSA assigned a sell call with a target price of 460
UBS issued a buy rating with a target price of 600
other Brokerages mostly has buy calls on jubliant foodworks share
