India's Jubilant FoodWorks slides as analysts flag weakness in overseas business
BUZZ-India's Jubilant FoodWorks slides as analysts flag weakness in overseas business ** Shares of India's Jubilant FoodWorks JUBI.NS fall 5.48% to 435.10 rupees, on track to snap three sessions of gains
** Domino's Pizza operator in India reported an 11.9% rise in second-quarter consolidated revenue to 26.09 billion rupees ($269.6 million), while Domino's India same-store sales growth improved to 4.1%
** HSBC ("Hold", PT: 500 rupees) says standalone revenue was 0.9% below its estimates but 0.5% above consensus; Domino's India sales growth missed its 4.5% forecast
** Macquarie ("Neutral", PT: 520 rupees) expects improving sales and operating leverage to support India margin recovery, but says persistent weakness in Eurasia could weigh on consolidated margins
** Stock rated "buy" on average by 27 analysts, median PT at 578 rupees--LSEG compiled data
** YTD stock down 21.97%
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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