Buy Jubilant Foodworks, target price Rs 650: Anand Rathi

Anand Rathi has buy call on Jubilant Foodworks with a target price of Rs 650. The current market price of Jubilant Foodworks is Rs 520.

Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 34806.83 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 31-03-2024, the company reported a Consolidated Total Income of Rs 1594.13 Crore, up 15.33 % from last quarter Total Income of Rs 1382.27 Crore and up 23.61 % from last year same quarter Total Income of Rs 1289.60 Crore. Company reported net profit after tax of Rs 202.04 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 41.94 per cent stake in the company as of 31-Mar-2024, while FIIs owned 23.24 per cent, DIIs 25.82 per cent.