Jubilant Foodworks Shares Soar 53% on Strong Q3 Results, Brokerages Raise Targets

• Jubilant Foodworks shares jumped 3% after strong Q3 results, with net profit up 31.7% to Rs 54.07 crore.
• Revenue increased 11.8% to Rs 1,901.5 crore, and EBITDA grew 18.1% to Rs 369.3 crore, with improved margins.
• Brokerages like Jefferies, Citi, and HSBC issued 'Buy' ratings, citing strong growth and operational performance.
• Jefferies set a target price of Rs 850, projecting a potential upside of 53% from current levels.
• Improved EBITDA margins, balanced price hikes, and new product launches contributed to positive outlooks.