Domino's India franchisee Jubilant up on Q1 profit rise

Sapphire Foods India

12/08/2024 08:36

** Shares of Jubilant FoodWorks  JUBI.NS  up 8.3% to 648.6
rupees, their highest since Feb. 2022 
    ** The Domino's India franchisee reported near two-fold jump
in Q1 profit on Friday 
    ** Stock eyes busiest trading session since November 2022,
volumes 6x the 30-day avg 
    ** Analysts' avg rating on stock is "Hold", in line with
rating on peer Westlife Foodworld  WEST.NS  while Restaurant
Brands Asia  RESR.NS , Sapphire Foods  SAPI.NS  are rated "Buy",
per LSEG data 
    ** Median PT on JUBI is 567 rupees - a 5.3% discount on last
close
    ** Stock up 15% YTD vs 13% gains in SAPI, 4% fall in RESR
and ~3% loss in WEST 



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