Shares of Jubilant Foodworks, the company that sells Domino's pizza in India, are witnessing a great rise on Tuesday. The company had released its July-September quarter results after the market closed a day earlier. The company's results have been as per estimates, but net profit, margin and per store sales have decreased on a year-on-year basis. Differences in the opinions of brokerage firms are being seen after the company's like-for-like (LFL) sales growth.

Brokerage firm CLSA has said in a note on this stock that Domino's is currently shifting from dine-in to delivery, which will have an impact on margins. Per store sales declined 1.1% year-on-year and LFL growth was weaker than the brokerage firm's estimate.

However, the management has said that same-store sales growth (SSSG) will improve during the third quarter. CLSA has set a target price of ₹445 per share, giving an Underperform opinion on this stock. It is down 26% as compared to the closing price of November 11. The brokerage has cut the company's earnings estimate by 17-32% for FY25-27. Brokerage firms' opinion on Jubilant Foods


 

Jefferies has said that it has set a target price of ₹ 880 per share with a Buy opinion on Jubilant Foods. This brokerage firm expects 46% growth in the stock. The brokerage firm said that the company has managed to maintain positive SSSG even in difficult environments. The management is constantly focusing on growth.

Citi has set a target price of ₹ 700 per share with a Buy opinion on Jubilant Foods. The company's operation performance continues to improve. However, the brokerage firm has raised the earnings estimate for FY25-27 by 3% and EBITDA by 5-7%.

Nuvama has set a target price of ₹ 631 per share with a Hold opinion on this stock. This brokerage also said that the company's LFL growth remained positive in the challenging environment. The company is focusing on delivery and is getting success with innovative strategy. The brokerage firm also said that due to the turnaround, it has a bullish view on the stock. Due to the 20-minute delivery guarantee and reduction in additional charges, customers are showing confidence in delivery.