Jubilant Foodwork's Q1 show stands testimony to its edge over Westlife

Higher share of delivery led to faster business recovery and better margins

Though Jubilant FoodWorks’ (Jubilant) June quarter (Q1) was muted because of the Covid-19-in­du­ced lockdown, its higher share of deliveries/takeaways helped it edge past li­sted peer Westlife Development (Westlife).

This explains why the stock was more in demand than that of Westlife — while Jubilant gained over 86 per cent from its March lows, Westlife’s uptick was a third of that. Jubilant is the Indian franchisee of Domino’s Pizza and Westlife runs McDonald’s India (South and West) operations.

Jubilant’s Q1 update indicates that its operations reached about 85 per cent of its year-ago levels in August, led by faster growth in