Buy Jubilant Foodworks, target price Rs 720: ICICI Securities

ICICI Securities has buy call on Jubilant Foodworks with a target price of Rs 720. The current market price of Jubilant Foodworks is Rs 535.9. Time period given by analyst is one year when Jubilant Foodworks Ltd. price can reach defined target.

Jubilant Foodworks Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 7101.91 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-2021.


Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 1188.61 Crore, down -2.72 % from last quarter Total Income of Rs 1221.88 Crore and up 13.12 % from last year same quarter Total Income of Rs 1050.78 Crore. Company reported net profit after tax of Rs 112.28 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 41.94 per cent stake in the company as of 31-Mar-2022, while FIIs owned 31.87 per cent, DIIs 15.6 per cent.