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Jubilant FoodWorks - Margins To Remain Stable, Short Term Hiccups: Dolat Capital

Jubilant FoodWorks - Margins To Remain Stable, Short Term Hiccups: Dolat Capital

<div class="paragraphs"><p>Domino's Pizza's store outlet, operated by Jubilant Foodworks Ltd.   (Photo:&nbsp;Vijay Sartape/ Source BQ Prime)&nbsp;&nbsp;</p></div>
Domino's Pizza's store outlet, operated by Jubilant Foodworks Ltd. (Photo: Vijay Sartape/ Source BQ Prime)  

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Dolat Capital Report

We met the management of Jubilant FoodWorks Ltd. to understand the recent developments and future growth prospects. Key highlights of the meeting were as follows-

  • both Sapphire Foods India Ltd. and Devyani Internationa Ltd. are planning to add significantly higher number of stores (160 stores per annum /250 stores pa respectively) in the near future – the company is not worried about the growth.

  • Jubilant FoodWorks believes that there is ample room for further growth for the pizza category as the contribution of pizza category in the overall food business is still very low. The company is confident of maintaining leadership with the new product innovations and is optimistic about growing in line with the market.

  • Jubilant FoodWorks has 1,625 stores – highest in the domestic market. Despite high base, the company is confident of adding 250 stores p.a. for next three-five years.

  • Despite adding higher number of stores, the company is confident of maintaining margins with improvement in efficiencies.

Click on the attachment to read the full report:

Dolat Capital Jubilant FoodWorks Management Meet Note.pdf

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