Jubilant Foodworks (2QFY25): Silver Lining in the Dark Clouds. Maintain ADD
SSSg of 1.5% was ahead of our estimate due to a better-than-expected recovery in the delivery channel, whereas the dine-in channel remained subdued
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Swiggy Pre-IPO - Peer Comparison - Smaller, Slower and Less Profitable
Swiggy is planning to raise around US$1.25bn through its upcoming India IPO. In this note, we undertake a peer comparison.
431 Views
Jubilant Foodworks: Bursting with Scintillating Flavours. Maintain ADD
Our ground checks suggest that Domino's India has recently introduced a range of Flavoured Cheese Burst Pizzas and stuffed garlic bread (a top...
416 Views
Consumer (Q2FY25 Results Preview): One more soft quarter but outlook is improving
We expect our consumer coverage to report revenue growth in mid-single-digits (6% yoy), driven by volume growth. At an aggregate level, we expect...
316 Views
Swiggy Pre-IPO - The Negtives - Neither Food nor Quick Commerce Was the Largest Revenue Driver
Swiggy is planning to raise around US$1.25bn through its upcoming India IPO. In this note, we talk about the not-so-positive aspects of the deal.
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