Jubilant Foodwork

Weak consumer sentiment, higher inflation is hurting sales

The stock hit 52-week low today after the historic high inflation in cheese and flour prices significantly impacted gross margins, which came in at 75.5%, lower by 213 bps year-on-year

Out of the total CAPEX, Rs 500 crore to Rs 600 crore will be funded towards stores

Stocks to Watch: Shares of restaurant and travel related firms are likely to be in foucs as government ups the ante to keep the new variant of Coivd-19 virus at bay.

Stocks to Watch Today: Dabur India promoters, the Burman family, sold 1 per cent stake in the company through a block deal on Tuesday.

Amazon Food had onboarded 3,000 partners including QSR brands such as McDonald's and Domino's Pizza; some 25 people working on the project have all have been absorbed by the company

Market participants usually opt for mid-cap or small-cap stocks. But, if one fails to pick the right stock, investment in such stocks can result into huge losses

The stock was down 7.55 per cent in trade on Wednesday and ended at Rs 566.45 per share

This was owing to uptick in demand across all formats

Nine-day Navratri festival saw retailers witness the highest footfalls in two-three years across segments such as automobiles, consumer appliances, and apparels

New players like Thrive and DotPe, which charge less, are emerging as alternatives

According to economists, inflation is likely to ease by October as the monsoons have been progressing well with the cumulative rainfall being 9 per cent above the long-term average up to July 12

The Ebitda margins are expected to remain in the 24-25 per cent this fiscal and the acquisition of 40 per cent stake in Roadcast Tech Solutions will help improve efficiencies in delivery

Analysts believe that the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment, and discretionary purchases bounce back from Covid-19 pandemic

Signs agreement with US biomedical dept

All QSR majors, however, will face margin pressures given rise in food prices, analysts say

Jubilant Food Works (JFL) would have Golden Harvest's 49 per cent stake in the JV, making JGHL a wholly-owned subsidiary, the company said in a regulatory filing

Adani Power, Barbeque Nation, Cadila, GAIL, Godrej Properties, HCC, ITC, JK Tyre, Kalyan Jewellers, Lupin, Mahindra Holidays, TBZ and Titan are some of the major companies to announce results today

HDFC Bank and HCL Technologies are likely to react to Q3 numbers this morning. While the former reported 18 per cent YoY growth in net, the latter too beat Street expectations.

Concor has indicated a double bottomed pattern on the daily chart and seems well placed to rise further, says the technical analyst from Prabhudas Lilladher