MOFSL said it remains positive on Jubilant Food's medium-term outlook, supported by 5-7 per cent LFL growth potential, strong Popeyes momentum, and healthy international performance.
In the past one month, these stocks have underperformed the market by falling between 11 per cent and 13 per cent, as against 5 per cent decline in the BSE Sensex.
The West Asia conflict is no longer just a geopolitical story. It is now moving markets in India. Natural gas prices are rising, LPG supply chains are tightening
LPG shortage triggered by Strait of Hormuz disruption is forcing QSR kitchens to shut or cut menus. Analysts say earnings may take a hit in Q4FY26 but advise investors not to panic
QSR and food delivery stocks, including Jubilant FoodWorks, Devyani International & Eternal fell as LPG shortage forced restaurants and hotels to shut kitchens across cities like Mumbai and Bengaluru
With expectation of urban demand recovery, analysts at Motilal Oswal Financial Services said they need to see if January trends for QSR companies are sustaining.
However, in the past one month, the stock had underperformed the market by falling 22 per cent till Tuesday, February 3, 2026 and touched a 52-week low of ₹109.80 on January 27, 2026.
Meanwhile, shares of the food delivery platform companies Swiggy and Eternal (formerly Zomato) were down 3 per cent and 2 per cent, respectively on Thursday.
PL Capital's channel checks indicate that industry footfalls in the third quarter have not matched initial projections, with limited evidence of incremental spending benefits from tax changes.
Based on channel checks, Elara Capital analysts said the QSR universe is seeing soft demand trends in the current quarter, even after recent GST rate cuts.
The brokerage believes that TFS' ability to secure and renew airport concessions, combined with rising per-passenger spending, will support consistent growth across its QSR and lounge businesses.
Under the agreement, Travel Food Services will act as the concessionaire for the Domestic Terminal (T1), operating around 11 Travel QSR outlets and one lounge.
GST 2.0 reforms may boost QSR demand as tax rates fall. Analysts see Jubilant FoodWorks, RBA, Devyani International, and Sapphire Foods gaining the most
Eternal is seen trading in a tight range of ₹220 - ₹247, with strong support seen around ₹218 levels; Chart hints at a likely positive bias for this stock; while Swiggy may face downward pressure.
