JU­BI­LANT FOODWORKS

Flash News Investment - - RECOMMENDATIONS -

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.

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