Buy Jubilant Foodworks, target Rs 1,325: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has a buy call on Jubilant Foodworks Ltd. with a target price of Rs 1325. The current market price of Jubilant Foodworks Ltd. is Rs 1270.85. Time period given by the analyst is Intra Day when Jubilant Foodworks Ltd. price can reach defined target. Chandan Taparia recommended to keep stoploss at Rs 1240. Jubilant Foodworks Ltd., incorporated in 1995, has a market cap of Rs 16785.80 crore.

Jubilant Foodworks Ltd. key Products/Revenue Segments include Pizza which contributed Rs 2334.31 Crore to Sales Value (78.32 % of Total Sales), Others which contributed Rs 383.13 Crore to Sales Value (12.85 % of Total Sales), Beverages which contributed Rs 127.17 Crore to Sales Value (4.26 % of Total Sales), Desserts which contributed Rs 95.35 Crore to Sales Value (3.19 % of Total Sales), Dips which contributed Rs 30.50 Crore to Sales Value (1.02 % of Total Sales), Others (Traded) which contributed Rs 9.31 Crore to Sales Value (0.31 % of Total Sales) and Other Operating Revenue which contributed Rs .66 Crore to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 949.11 Crore, up 8.74 % from last quarter Sales of Rs 872.82 Crore and up 9.95 % from last year same quarter Sales of Rs 863.23 Crore Company has reported net profit after tax of Rs 71.48 Crore in latest quarter. The company’s top management includes Mr.Abhay Prabhakar Havaldar, Mr.Ashwani Windlass, Mr.Berjis Desai, Mr.Hari S Bhartia, Mr.Pratik Pota, Mr.Shamit Bhartia, Mr.Shyam S Bhartia, Ms.Aashti Bhartia, Ms.Deepa Misra Harris. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-06-2019, the company has a total of 131,969,040 shares outstanding.