BUZZ-PREVIEW-Domino's India operator inches up ahead of Q1 results
Domino's India operator Jubilant FoodworksS) saw a 0.8% rise to 637.50 rupees ahead of its Q1 results. Elara Securities anticipates delivery-focused offers during the IPL season to enhance Q1 sales. Jefferies notes the company will outperform its peers despite expected margin pressures due to expansion efforts. Same-store sales increased by ~12% in Q1, contrasting with an 8% decline for Pizza Hut operator Sapphire FoodsS). JUBI is rated "hold" with a median price target of 730 rupees, while the stock is down ~11% year-to-date.
Domino’s India operator Jubilant Foodworks (JUBI.NS) rises 0.8% to 637.50 rupees
Elara Securities expects delivery-focused offers during IPL season to boost Q1 sales
Jefferies says co, outlier among Indian QSRs, will continue its outperformance in Q1
However, adds margins to take a hit as management’s focus remains on business expansion
Co’s same-store sales grew ~12% during Q1, while that of Pizza Hut operator Sapphire Foods (SAPI.NS) dropped 8%
Burger King operator Devyani International (DEVY.NS) reporting Q1 results on the day
JUBI rated “hold” on avg; median PT is 730 rupees, per data compiled by LSEG
YTD, stock down ~11%
