We had recommended Jubilant Foodworks in Volume No 34, Issue No 39 (dated Jul 16, 2018), when the scrip was trading at Rs 1425. Our recommendation was backed by factors like robust financial growth and extensive expansion plans. In Q1FY19, the revenue increased by 25.9 per cent YoY to Rs 855 crore. The EBITDA was up by 77.5 per cent YoY to Rs 142 crore and the EBITDA margin jumped from 11.7 per cent to 16.6 per cent. Its PAT for the quarter ballooned by 212.5 per cent YoY from Rs 24 crore to Rs 75 crore. Same store sales grew by 26 per cent YoY. Also, during the quarter, the company launched new features in the app, while online ordering gained momentum. Since, our target price was achieved, we recommended investors to BOOK PROFIT in the scrip.