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Analysts upgrade earnings outlook as Jubilant delivers on margin front

Market share gains, scaling up of network and takeaway trends to aid revenue growth

Jubilant  Foods runs the chain of Domino's Pizza stores in India.
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Jubilant runs Domino’s Pizza chain in India

Ram Prasad Sahu Mumbai
A strong margin performance in the September quarter (Q2), robust recovery and earnings upgrades led to a 6.3 per cent uptick in the stock price of Jubilant FoodWorks on Friday. Even as revenues in the quarter declined by over 18 per cent due to closure of some stores, the company, which runs the Domino’s chain of fast food outlets, surprised the Street with an improved operating performance.

Operating profit margins were up 290 basis points year-on-year (YoY) to 26.6 per cent, while they were at 6.3 per cent in Q1. The gains were led by lower raw material costs, closure of

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First Published: Nov 13 2020 | 6:06 PM IST

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