Jubilant FoodWorks, India's largest listed quick-service market capitalisation, is expected to maintain its outperformance versus peers with steady performance in the January-March quarter (Q4) of 2023-24 (FY24), faster recovery in the pizza category, strong value offerings, and ongoing expansion.
The stock has delivered a 14 per cent return since the beginning of June, three times the QSR average and twice that of the S&P BSE Sensex during this period.
One key reason for Street's optimism about Jubilant, the Indian franchisee of Domino's Pizza, is the expected reversal in the fortunes of the pizza category. While pizza sales lagged behind burgers in the first half (H1), they showed stronger performance in the latter part of FY24.
According to analysts at Prabhudas Lilladher, led by Amnish Aggarwal, "From the second half of FY24, burger players due to slowdown, geopolitical factors, and possibly competition (other cuisines and new players)."
While pizza chains are nearing the end of their downturn, burger chains are yet to fully experience the effects of rising competitive pressures. Analysts foresee a quicker return to midsingle-digit same-store sales growth (SSSG) for pizza chains compared to burger chains.
Diese Geschichte stammt aus der July 01, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der July 01, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
More women on boards, but top management tally lags global avg
The share of women in boards of companies went up from just over 5 per cent in FY14 to nearly 16 per cent in FY23, according to a study by National Council of Applied Economic Research (NCAER).
RBI looks to ease export, import transaction norms
Grants more autonomy to banks for efficient services to forex customers
Monsoon covers entire India 6 days in advance: IMD
The southwest monsoon covered the entire country on Tuesday, six days ahead of its normal date, boosting prospects of kharif sowing, the India Meteorological Department (IMD) said.
Component PLI top demand of electronics firms
Manufacturers aim at attracting global value chains, scaling up production
Power sector eyes green policy push, tax breaks
Sector execs expect funding for green hydrogen, offshore wind
Slower foreign flows keep bond yields steady
Tally after two trading sessions since JPM entry
Heatwave grip on May consumption, base-year effect cool GST growth
The single-digit growth of 7.7 per cent in goods and services tax (GST) collections in June points to the impact of the May heatwave on consumption, coupled with a base year effect, according to analysts.
Adani Power boosts capacity again, targets 30+ Gw now
Private power producer Adani Power is ratcheting up its electricity generation capacity to match the country's growing power demand.
Unacademy hands pink slips to 250 more employees
Edtech firm Unacademy has laid off 250 people across verticals, according to people familiar with the matter, reducing its employee strength by 50 per cent from what it was two years ago.
₹35K cr Aramco order biggest ever, says L&T
Firm clarifies it is part of existing order book, not new
