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Business / Thu, 23 May 2024 NDTV Profit

Jubilant Foodworks' Profit Soars Sevenfold, But Analysts Slice Target Price

Jubilant FoodWorks Ltd. received target price cuts from Jefferies and Citi after the company's March-quarter earnings missed the Street's expectations. However, analysts highlighted the management's initiatives in driving volume growth and market share.The overall consumer sentiment about the company, which operates fast-food chains Domino's and Dunkin' Donuts, continues to remain weak. But, their initiatives, such as delivery-fee wa...

Jubilant FoodWorks Ltd. received target price cuts from Jefferies and Citi after the company's March-quarter earnings missed the Street's expectations. However, analysts highlighted the management's initiatives in driving volume growth and market share.The overall consumer sentiment about the company, which operates fast-food chains Domino's and Dunkin' Donuts, continues to remain weak. But, their initiatives, such as delivery-fee wa...

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