Jubilant FoodWorks tanks 8% as Q4 beat overshadowed by margin warning; Elara halves target to Rs 500

Domino's parent fell to Rs 434.65 despite a 5-8% Q4 EBITDA beat, after management flagged near-term inflation in labour, utility and logistics costs. FY26 like-for-like growth guided flat vs 6.5% prior, prompting Emkay to cut EBITDA 6-7%. Elara slashed target to Rs 500 from Rs 780 and downgraded to Accumulate; ICICI held Buy at Rs 570.

— Source publishedThu, 21 May, 2026, 12:55 IST·First seen Thu, 21 May, 2026, 13:27 IST·Source Business Today · Latest

What happened

Jubilant FoodWorks shares fell 8% after Q4 results flagged near-term inflation in labour, utility and logistics, triggering EBITDA downgrades. Elara cut target

Key facts

  • Jubilant -8% to Rs 434.65
  • Bosch -4.94% to Rs 35,001
  • Q4 EBITDA beat 5-8%
  • FY26 LFL flat vs 6.5%
  • Emkay EBITDA cut 6-7%
  • Elara target cut to Rs 500 from Rs 780
  • ICICI target Rs 570

Why this matters

QSR multiples compressing on margin warnings open a window to scout bolt-on cloud-kitchen or regional chain assets while sentiment is bearish and sellers are flexible.