Mid Cap 09 Feb 2012, 04:52 PM
Jubilant FoodWorks Ltd.
CLSA
|
Price when Post 1028.4 |
Target Price 980 |
Return -4.7063% |
For full report |
CLSA retains outperform on Jubilant Food
Strong top line growth and margin expansion for Q3 FY12. Single store sales (SSS) growth was better than expected at 30.1%. Upgraded FY12-14 estimates by 2-3% to reflect higher store openings and better same store growth in FY12.