Motilal Oswal - Jubilant Foodworks Limited (JUBLFOOD) MOSL: JUBILANT FOODWORKS (Buy)-Annual Report-Building on strengths, growth prospects buoyant

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Motilal Oswal

Krishnan Sambamoorthy

EUR 120.00 For Business Accounts Only

MOSL: JUBILANT FOODWORKS (Buy)-Annual Report-Building on strengths, growth prospects buoyant

JUBILANT FOODWORKS (Annual Report): Building on strengths, growth prospects buoyant

(JUBI IN, Mkt Cap USD7.4b, CMP INR4113, TP INR4830, 17% Upside, Buy)

JUBI’s FY21 annual report highlights the management’s efforts to stay ahead of its peers and reap the tremendous opportunities in the Indian QSR space.

Boosting its technological capabilities: In addition to its delivery and value moat, JUBI is boosting its technological moat to enhance its lead over its QSR peers and aggregators. Improving its pre-order experience, usage of Hindi and regional languages, and setting up of its analytics and insights division are some of the efforts on this front.
Macro factors favoring delivery are extremely strong: Robust growth in urban and rural internet penetration is likely to be boosted further by the launch of 5G technology. Online ordering is growing strongly, even in smaller centers. As a result, delivery and takeaway (a clear focus area going forward) will be the key drivers of SSSG in the next few years, even when dine-in recovers.
Sustainable sourcing and food safety is increasingly becoming a vital focus area to boost its long-term growth potential.
We maintain our Buy rating on the stock with a TP of INR4,830 per share.

03/09/2021 26 EN

Underlying

Jubilant Foodworks Limited

Jubilant FoodWorks Limited is a food service company. The Company operates through Food and Beverages segment. The Company and its subsidiary have rights to develop and operate Domino's Pizza brand in India, Sri Lanka, Bangladesh and Nepal. It operates in India and Sri Lanka. It has a right for developing and operating Dunkin' Donuts restaurants for India. Domino's Pizza India operates approximately 1040 restaurants in India located in states and union territories, covering approximately 240 cities across the country. Dunkin' Donuts sells a range of donuts and over a dozen coffee beverages, as well as an array of bagels, breakfast sandwiches and other baked goods. The Company has approximately 70 Dunkin' Donuts restaurants in India. It offers Chocolate Donut, Break-up Party Eclair, Chocofix Donuts, Big Joy Burger, Naughty Lucy Burger, The Tough Guy Burger, Too Much Burgers range, Wicked Wraps, the iconic Dunkin' Original Drip Coffee, Dunkaccinos and Spiked Iced Tea, among others.

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INE797F01012 National Stock Exchange of India India

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Motilal Oswal

Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

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Analysts

Krishnan Sambamoorthy

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MOSL: JUBILANT FOODWORKS (Buy)-Annual Report-Building on strengths, growth prospects buoyant

MOSL: JUBILANT FOODWORKS: Growth prospects attractive, moats widening

MOSL: JUBILANT FOODWORKS (Buy)-Strong performance; well on track to meet its store expansion guidance

JUBILANT FOODWORKS sees a downgrade to Slightly Negative on account of less fundamental stars

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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