Jubilant Foodworks - Q4 FY13 Result - Microsec

Jubilant Foodworks Ltd's Net Sales increased by 29% YOY to INR366 crore YOY and its EBITDA increased by 17% YOY to INR61 crore. EBITDA Margin of the company decreased from 18.5% to 16.7% YOY. Adjusted PAT increased by only 6% YOY to INR33 crore. PAT including EO increased by 11% YOY to INR33 crore. Same Strore growth came at 7.7% in Q4FY13 as against 16% in Q3FY13 and 26% in Q4FY12 which was well below estimates. The company opened 24 new stores in Q4 FY13.

FY13 Annual Result

In FY13, the company's Net Sales increased by 38% YOY to INR1408 crore YOY and it's EBITDA increased by 31% YOY to INR244 crore. EBITDA Margin of the company decreased from 18.3% to 17.4% YOY. Adjusted PAT increased by 28% YOY to INR135 crore. PAT incl EO increased by 30% YOY. Same stores Growth for the year came at 16.2% Vs. 30% in FY12. The company has total of 576 stores in comparison to 465 stores in FY12. Also it has opened 10 Dunkin' Donuts restaurants in FY13. At the CMP of INR1018, the stock is trading at a P/E of 49x on its adjusted FY13 EPS of INR20.7.

Source : Equity Bulls

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