Jubilant FoodWorks is part of the Jubilant Bhartia Group and one of the largest food service companies in India
Jubilant foodworks reported 14.1% YoY growth in sales in 3QFY20. Its Same-store Sales Growth (SSSG) was at 5.9% YoY despite having a very high base of 15-26% SSSG. Gross margins were down due to higher costs of raw materials.
It posted 20-quarter high restaurant opening at 47 stores and total 140-150 stores are expected to be opened in FY20 (120 was the earlier target). This reflects management’s confidence in medium term growth.
Sequential market share in the food space has increased in each of the last 3 quarters, despite the impact of aggregators and cloud kitchens. Company plans to increase the portfolio for health conscious customers
Attrition has declined sequentially in the past few quarters
Currently, online forms 87% of delivery sales. Dominant portion of online orders comes from their own app.
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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