Jubilant Food has released the results for the quarter ended December 31, 2021, according to which the company’s profit increased by 7.5 percent to Rs 133.2 crore in this third quarter of the financial year 2021-22 on a year-on-year basis as compared to the third quarter of the previous financial year. The company’s profit in the year was Rs 123.9 crore. On a year-on-year basis, the company’s income in the third quarter of FY 2021-22 grew by 13.2 per cent to Rs 1,210.8 crore as against Rs 1,069.3 crore in the third quarter of last year.
The company’s EBITDA increased by 14 per cent to Rs 319.2 crore in the third quarter on a year-on-year basis. The company’s EBITDA margin on a year-on-year basis increased by 26.2 per cent to 26.4 per cent.
BROKERAGES ON JUBILANT FOOD
MORGAN STANLEY’s Opinion on JUBILANT FOOD
MORGAN STANLEY has an Overweight Rating on JUBILANT FOOD and has a target of Rs 5000 for the Share. He says he has a positive view of the company’s growth potential.
CLSA’s Opinion on JUBILANT FOOD
CLSA has downgraded rating on JUBILANT FOOD to sell rating and has lowered target of share from Rs 3920 to Rs 3190. He says the results put pressure on the company’s margins. Due to which they have reduced their profit estimates by 12-14% in FY22-24.
CS’s opinion on JUBILANT FOOD
CS has given Neutral Rating on JUBILANT FOOD and has a lower target of Rs.3800 to Rs.3500 for the stock. He says that the company is expected to grow moderately while the re-opening could lead to recovery in dine-in.
How were the M&M Financial results and what is the investment outlook of the brokerages on the stock
Jefferies’s opinion on JUBILANT FOOD
Jefferies has given HOLD rating on JUBILANT FOOD and has set a lower target of Rs 4100 to Rs 3750 for the stock. He says that he has reduced its EPS estimate by 7-8%.
Citi’s opinion on JUBILANT FOOD
Citi has a Buy rating on JUBILANT FOOD and has a lower target of Rs 4350 for the stock from Rs 4750.
Sharekhan’s opinion on JUBILANT FOOD
Sharekhan has retained buy rating on JUBILANT FOOD and has set a target of Rs 4707 for the stock. He says that the company’s Domino’s earnings are showing steady growth.
Motilal Oswal’s opinion on JUBILANT FOOD
Motilal Oswal retains Buy rating on JUBILANT FOOD and has a target of Rs 4200 for the stock. They have reduced its EPS estimate for FY22/FY23/FY24 to 8%/14%/15% as they expect the impact of COVID restrictions to be visible again in Q4FY22.
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