Growth expectations drive Jubilant FoodWorks into a higher orbit

Investments in supply chain, technology and network expansion are key positives

Expectations of a strong recovery, an aggressive store-expansion rollout for FY22 and plans to transition to a food tech company led to a 12 per cent rally in Jubilant FoodWorks, the India franchisee for Domino’s. The shift to branded players during the pandemic, strong execution and growth prospects of the quick service restaurant (QSR) format is expected to help sustain its growth and profitability going ahead.

The extent of recovery in the September quarter is a key near term trigger. While sales were impacted in the first two months of the June quarter, system sales recovered completely in June (as