Jubilant FoodWorks at 52-Week Low: Can Domino's Growth and Popeyes Expansion Turn Things Around?
India, Oct. 15 -- Eating out hasn't been easy for restaurant companies this past year. Prices of everything went up, people thought twice before ordering that extra pizza, and stocks in the space took a beating. Investors have been waiting for a sign that demand is returning. Now a few numbers are showing exactly that, though not everywhere, and the share price hasn't really cared about it yet.
Jubilant FoodWorks share closed at Rs423, down 1.16% from the previous close of Rs427.95. The company has a market cap of Rs27,911 crore and a consolidated P/E of 62. Its 52-week range is Rs408.50 to Rs622.50, so the stock is sitting not far above the bottom.
Domino's Sales Are Slowly Waking Up
Start with like-for-like growth, or LFL, which just...
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