Buy Jubilant Foodworks, target price Rs 655: Kotak Securities

Kotak Securities Limited has buy call on Jubilant Foodworks Ltd. with a target price of Rs 655.

., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 41896.87 Crore) operating in Tourism & Hospitality sector.

Jubilant Foodworks Ltd. key Products/Revenue Segments include Pizza, Others, Beverages, Desserts, Dips, Other Operating Revenue and Others (Traded) for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1265.75 Crore, up 6.49 % from last quarter Total Income of Rs 1188.61 Crore and up 40.43 % from last year same quarter Total Income of Rs 901.35 Crore. Company reported net profit after tax of Rs 124.04 Crore in latest quarter.

Investment Rationale
Trading in an ascending triangle chart formation and breakout from the resistance zone is very likely.


Promoter/FII Holdings
Promoters held 41.94 per cent stake in the company as of 30-Jun-2022, while FIIs owned 29.8 per cent, DIIs 17.2 per cent.

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