Buy Jubilant Foodworks, target price Rs 610: Motilal Oswal

Motilal Oswal has buy call on Jubilant Foodworks Ltd. with a target price of Rs 610. The current market price of Jubilant Foodworks is Rs 502.45.

Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 33091.24 Crore) operating in Tourism & Hospitality sector.

Jubilant Foodworks Ltd. key Products/Revenue Segments include Pizza, Others, Beverages, Desserts, Dips, Other Operating Revenue and Others (Traded) for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 1375.69 Crore, up 2.37 % from last quarter Total Income of Rs 1343.88 Crore and up 4.86 % from last year same quarter Total Income of Rs 1311.92 Crore. Company reported net profit after tax of Rs 62.20 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 41.94 per cent stake in the company as of 30-Sep-2023, while FIIs owned 25.22 per cent, DIIs 22.15 per cent.