India's Jubilant FoodWorks at 3-yr high; Jefferies, Motilal hike PTs

Jubilant FoodWorks

02/01/2025 09:18

** Domino's India-operator Jubilant FoodWorks  JUBI.NS 
climbs 2.3% to 755.65 rupees, highest since Jan. 2022
    ** Jefferies ("buy") hikes PT to Street-high of 1,000
rupees, implying a 35% upside to last close
    ** Motilal Oswal ("neutral") raises PT by 28% to 800 rupees,
2nd-highest on Street and an 8.2% upside to last close
    ** All the other 26 brokerages have a PT that is below
JUBI's current price, per LSEG data; their avg rating is "hold"
    ** Jefferies expects growth boosters --such as no delivery
fee, dine-in meal at 99 rupees --to lift same-store sales growth
    ** JUBI CEO Sameer Khetarpal told Motilal he was optimistic
on margin recovery as order volumes, operational efficiencies
improve
    ** JUBI gained 27% in 2024, biggest annual jump since 2021

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))