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Team Research
EUR 120.00 For Business Accounts Only

MOSL: Morning India (21/October/21): 1. Jubilant FoodWorks (Result better than expected, immense growth opportunity); 2. Havells; 3. Tata Communications; 4. L&T Finance Holdings; 5. Navin Fluorine; 6. Shoppers

MOrning India (21/October/21): 1. Jubilant FoodWorks (Result better than expected, immense growth opportunity); 2. Havells; 3. Tata Communications; 4. L&T Finance Holdings; 5. Navin Fluorine; 6. Shoppers Stop; 7. Telecom

 

Today’s top research idea

Jubilant FoodWorks: Result better than expected, immense growth opportunity

  • Jubilant FoodWorks (JUBI) reported a strong performance, with a beat on all fronts in its 2QFY22 result. Both store expansion and SSSG were ahead of our estimates.
  • With the withdrawal of lockdown restriction, dine-in is picking up significantly. Despite that, delivery is sustaining at much higher than pre-COVID levels.
  • In addition to delivery, JUBI's strong moats of technology and value offer it a strong competitive advantage v/s peers. These three moats together make the business profitable and scalable in smaller centers as well.
  • JUBI has the best business model in the QSR space in India and is well placed to take advantage of the enhanced growth opportunity after the lifting of COVID-related restrictions. We maintain our Buy rating.

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Motilal Oswal
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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