Buy Jubilant Foodworks, target price Rs 3575: Edelweiss

Edelweiss has buy call on Jubilant Foodworks with a target price of Rs 3575. The current market price of Jubilant Foodworks Ltd. is Rs 2876.4.

Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 38014.34 Crore) operating in Tourism & Hospitality sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1085.15 Crore, up 28.01 % from last quarter Total Income of Rs 847.68 Crore and down -.22 % from last year same quarter Total Income of Rs 1087.53 Crore. Company reported net profit after tax of Rs 123.92 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 41.94 per cent stake in the company as of Sept 30, 2020, while FIIs held 37.86 per cent, DIIs 14.45 per cent and public and others 5.75 per cent.