Jubilant Foodworks falls 3% after net profit slumps 74% in Q1
Wed, Jul 26, 2023 11:45 AM

Jubilant Foodworks falls 3% after net profit slumps 74% in Q1

A Flip by Bhavya Sabharwal
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Jubilant Foodworks' April-June net profit dropped 74% YoY due to elevated input costs and disruption. Equity analysts hold mixed ratings on the stock; CLSA rates 'Sell' w/ a target price of Rs460, Elara rates 'Accumulate' after downgrading, and Morgan Stanley has an 'Equal-Weight' and a target price of Rs510. Revenue increased by 6%, EBITDA by 9.6%, and operating margins were up.

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