Domino's India operator rises; 'industry leading' sales growth overshadows margin decline

Jubilant FoodWorks

13/02/2025 05:03

** Domino's India operator Jubilant Foodworks  JUBI.NS 
rises 6.2% to 680.5 rupees after Q3 results
    ** Stock on track to snap a 5-session losing streak
    ** Co posts "industry leading" same store sales growth in
Indian Domino's restaurants - Ambit Capital
    ** Growth led by deliveries, where co has waived fees 
    ** Co expects 100 bps improvement in gross margins in next
2-3 quarters on discounts, packaging costs reduction
    ** Co keeps prices stable on avg despite inflation, to focus
on market share gains - Centrum Broking
    ** Stock rated 'hold' on avg by 28 analysts; median PT 690
rupees - data compiled by LSEG
    ** 'Buy'-rated rival Sapphire Foods  SAPI.NS  reported
higher Q3 profit but lower same sales growth at Pizza Hut India
    

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))