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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura Maintains Sell on Jubilant Foodworks
Nomura has maintained its sell rating on Jubilant Foodworks for target of Rs 1,120. It says that results were weak and significantly below estimates largely on account of a miss in same-store sales growth (SSSG) and negative impact of Dunkin' on operating margins. While revenues came in 7 per cent below estimate, PAT was 19 per cent below consensus and 20 per cent below estimates.