Jubilant Foodworks records 63% profit; prefer it with a target of Rs 350: Sharmila Joshi

Sharmila Joshi, Co-Head PCG Sales, Emkay Global Financial Services in an interview with ET Now talks about Jubilant Foodworks.

Your views on Jubilant FoodWorks.

Jubilant FoodWorks, we have had very impressive numbers from them. We have seen 67% growth in revenues and about 63% in terms of profits. Adjusted PAT has again grown very handsomely and more importantly if you look at the same store sales which is very important for anybody in this quick service restaurant (QSR) business, that has been really fabulous. That has come at about 38%.

This is a stock that we have really valued on the base of their operating cash flows. We are not really looking at EPS or PE or any of that kind of a multiple. So we have had a buy or rather now we have changed an accumulate rating on this stock and we like this stock with a target of Rs 350.