Buy Jubilant Foodworks, target price Rs 600: ICICI Securities

ICICI Securities has buy call on Jubilant Foodworks with a target price of Rs 600. The current market price of Jubilant Foodworks is Rs 445.65.

Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 29283.93 Crore) operating in Tourism & Hospitality sector.

Jubilant Foodworks Ltd. key Products/Revenue Segments include Pizza, Others, Beverages & Dessert, Others (Traded), Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 1382.27 Crore, up .48 % from last quarter Total Income of Rs 1375.69 Crore and up 3.05 % from last year same quarter Total Income of Rs 1341.38 Crore. Company reported net profit after tax of Rs 50.20 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 41.94 per cent stake in the company as of 31-Dec-2023, while FIIs owned 27.75 per cent, DIIs 21.91 per cent.