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Jubilant FoodWorks Share Price: The share price of the BSE 200 stock, Jubilant FoodWorks, is in focus in today’s trading session, as the stock has plunged nearly 10 per cent following the company’s Q4 update.
As of 10:50 am, the share price of the QSR company was down 9.6 per cent, or Rs 46, trading at Rs 415. The stock was hovering near its intraday low.
Strong consolidated performance beats estimates
The company reported a mixed fourth-quarter update. It posted a robust consolidated performance, with revenue from operations at Rs 2,505.8 crore, marking a 19.1 per cent year-on-year (YoY) increase. This exceeded market expectations of Rs 2,265 crore and showed an improvement over the 13.4 per cent YoY growth recorded in Q3 and 15.8 per cent in Q2.
Standalone performance misses expectations
However, on a standalone basis, performance lagged behind estimates. Standalone revenue stood at Rs 1,686 crore, up 6.2 per cent YoY, but fell short of the expected Rs 1,777 crore.
FY26 revenue growth largely in line
For the full financial year FY26, consolidated revenue reached Rs 9,544.1 crore, registering a 17.2 per cent YoY growth and largely aligning with estimates of Rs 9,384 crore. Standalone revenue for the year came in at Rs 6,887.8 crore, up 12.8 per cent YoY and broadly in line with expectations of Rs 6,982 crore.
Mixed like-for-like (LFL) growth trends
The like-for-like (LFL) performance showed mixed trends. Domino’s India reported marginal LFL growth of just 0.2 per cent, significantly missing estimates of 4 per cent. In contrast, Domino’s Turkey delivered a healthier LFL growth of 9 per cent.
Like-for-like (LFL) growth measures a company’s organic sales increase by comparing revenue from existing assets, such as stores open for at least one year, while excluding new additions, closures, or expansions.
Additionally, like-for-like growth for Domino’s India has shown a declining trend since the third quarter of FY25.
| Time | LFL growth % |
| Q3FY25 | 12.5% |
| Q4FY25 | 12.1% |
| Q1FY26 | 11.6% |
| Q2FY26 | 9.1% |
| Q3FY26 | 5% |
| Q4FY26 | 0.2% |
Following the update, various brokerages such as Elara, Goldman Sachs, and Morgan Stanley have issued their views, along with stock price targets and recommendations. The overall outlook remains mixed.
Elara maintains ‘BUY’ with high upside
Brokerage firm Elara has maintained a BUY rating on the stock, with a target price of Rs 780, implying an upside of 88 per cent from the current level.
According to Elara, the LFL growth of 0.2 per cent in Q4 was impacted by constrained LPG supply, weighing on both quarterly performance and the FY26 exit trajectory. The muted LFL implies a same-store sales growth (SSSG) decline of around 1.5–2 per cent, marking a negative surprise. However, the miss is attributed to supply issues rather than structural demand weakness, even as competitive intensity in the pizza segment continues to moderate.
On the positive side, FY26 revenue growth stood at about 13 per cent YoY, though below estimates. Strong store expansion may support store count CAGR, even as revenue and EPS estimates face downward revisions.
Goldman Sachs sees limited upside
Goldman Sachs maintains a Neutral rating with a target price of Rs 480. The brokerage highlighted that Q4 LFL growth was significantly below expectations. While the international business remains strong, it has limited visibility on margins going forward.
The target price implies an upside of 15.7 per cent.
Morgan Stanley remains constructive
Morgan Stanley retains its Overweight rating on Jubilant FoodWorks with a target price of Rs 693, implying a potential upside of 67 per cent. This reflects a more constructive outlook on the company’s growth trajectory despite near-term operational challenges.
| Brokerage | Share Price Target | Stock Recommendation | Upside% |
| Elara | 780 | BUY | 88% |
| Goldman Sachs | 480 | Neutral | 15.7% |
| Morgan Stanley | 693 | Overweight | 67% |
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
