Sell Jubilant Foodworks, target price Rs 400: IIFL

IIFL has sell call on Jubilant Foodworks with a target price of Rs 400. The current market price of Jubilant Foodworks is Rs 423.75. IIFL recommended to keep stop loss at Rs 442.

Jubilant Foodworks, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 28198.48 Crore) operating in Tourism & Hospitality sector.

Jubilant Foodworks 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 31-12-2022, the company has reported a Consolidated Total Income of Rs 1341.38 Crore, up 2.25 % from last quarter Total Income of Rs 1311.92 Crore and up 9.78 % from last year same quarter Total Income of Rs 1221.88 Crore. Company has reported net profit after tax of Rs 80.48 Crore in latest quarter.

The company’s top management includes Mr.Shyam S Bhartia, Mr.Berjis Minoo Desai, Mr.Ashwani Windlass, Mr.Abhay Prabhakar Havaldar, Mr.Vikram Singh Mehta, Ms.Aashti Bhartia, Mr.Shamit Bhartia, Mr.Pratik R Pota, Mr.Hari S Bhartia, Ms.Deepa Misra Harris. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-12-2022, the company has a total of 66 Crore shares outstanding.

Investment Rationale
The stock has given a flag pattern breakdown.

Promoter/FII Holdings
Promoters held 41.94 per cent stake in the company as of 31-Dec-2022, while FIIs owned 26.77 per cent, DIIs 20.52 per cent.