Why Jubilant FoodWorks shares surged 8% today, stock price targets & more
Shares of Jubilant FoodWorks Ltd climbed 8 per cent in Tuesday’s trade, following a beat on Q2 Ebitda, strong outlier commentary and healthy store additions.
Jubilant FoodWorks added about 50 Dominos stores in the September quarter against 34 in the June quarter, taking the total store count to 2,079. It has maintained the guidance of 180 stores in FY25. On Popeye’s, Jubilant FoodWorks added four stores in Q2 and is looking to reach top 30–40 cities in the next 12–18 months.
Nuvama said Jubilant’s positive like-for-like growth in Q2FY25 has set it apart in a challenging market. The company’s focus on delivery and innovative strategies has fuelled this success, it said.
“Jubilant’s strategic moves to stimulate consumption, from…
