Goldman cuts Jubilant FoodWorks TP to Rs 460 on margin squeeze, weak Domino's LFL
Goldman Sachs stays neutral on Jubilant FoodWorks, trimming target to Rs 460 from Rs 480 as Domino's India same-store growth crawls to 0.2% YoY and margin pressure persists. Elsewhere, Nuvama upgrades Grasim to buy on paints traction (TP Rs 3,546); Morgan Stanley overweight on PI Industries at Rs 3,883.
What happened
Jubilant FoodWorks · Goldman Sachs stays neutral on Jubilant Foodworks, cutting TP to Rs 460 citing margin pressure and weak Domino's India LFL growth of 0.2%.
Key facts
- target Rs 460 from Rs 480
- Domino's India LFL 0.2% YoY
- Grasim TP Rs 3,546 from Rs 3,336
- PI TP Rs 3,883
Why this matters
Persistent Domino's same-store weakness and margin squeeze at Jubilant could open M&A windows in mid-tier QSR or adjacent food-tech assets as valuations reset.