Consumer Services · NSE/BSE: JUBLFOOD

Jubilant Foodworks Limited

Restaurants
Market Cap ₹0.28L Cr
Verdict: High

Quality Scores

Multi-Bagger
74/100
Compounder Quality
86/100
Management Credibility
85/100
Governance
92/100
Cash Flow Quality
94/100

AI Summary

Jubilant Foodworks (JFL) is India's dominant QSR player, primarily powered by its master franchise rights for Domino’s Pizza. Over the last decade, the company has scaled from a single-brand focus to a multi-brand powerhouse with Dunkin’, Popeyes, and the homegrown Hong’s Kitchen. Financially, JFL has demonstrated steady revenue growth (15% 10y CAGR) and maintained high capital efficiency, although recent years have seen margin pressure due to high inflation and aggressive expansion. The balance sheet has transitioned from debt-free to carrying significant lease liabilities following Ind-AS…

Top Opportunities

  • Master franchise rights for global leader Domino's
  • Strong CFO/OP ratio consistently above 95%
  • Negative working capital cycle (-122 days)

Top Risks

  • Significant increase in consolidated debt for acquisitions
  • Operating margins trending downwards (25% to 20%)
  • ROCE compressed from 44% to 11% over 5 years

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