Jubilant FoodWorks Q3 Review

Brokerages are largely upbeat on Jubilant FoodWorks’ performance, adding that the same store sales growth being better than estimates. Macquarie and Credit Suisse have upgraded their target prices.

The stock rose over 2 percent in the morning trade. It touched an intraday high of Rs 1,239.05 and an intraday low of Rs 1,220.00.

The operator of Domino’s Pizza reported a 46 percent jump in its Q3FY19 net profit at Rs 96.5 crore on the back of better operating income and same-store-sales growth.

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