Brokerages Expects Double Digit Earnings For Jubilant Foodworks in Q3
Jubilant Foodworks in Q3, the company may post double-digit earnings growth in the third quarter of October to December period. The company will declare its Q3 earnings today. According to the brokerages the company’s profit likely to surge 15 per cent to 20 per cent in December quarter 2019. Whereas the revenue would grow 11 per cent to 15 per cent YoY. Also, there is probably a 6 per cent rise in SSSG.
The brokerage firm Kotak Institutional Equities assumes that there could be a 20 per cent YoY growth in profit and the revenue up by 15 per cent YoY. It also expects a 6.5 per cent surge in SSSG as well as 28 net store additions of Domino’s.
According to Edelweiss, Jubilant Foodworks may deliver 6 per cent same-store-sales growth (SSSG) and is buoyant about the QSR space. Meanwhile, the Motilal Oswal foresees SSSG would be at 6 per cent and revenue may increase 12.4 per cent. The brokerage firm also anticipates 14.8 per cent YoY growth in profit. EBITDA could see 50 per cent YoY growth. Margin expansion likely to be at 600-700bps year-on-year.