BUZZ-Domino's India operator rises; 'industry leading' sales growth overshadows margin decline

Reuters
02-13
BUZZ-Domino's India operator rises; 'industry leading' sales growth overshadows margin decline

** Domino's India operator Jubilant Foodworks JUBI.NS rises 6.2% to 680.5 rupees after Q3 results

** Stock on track to snap a 5-session losing streak

** Co posts "industry leading" same store sales growth in Indian Domino's restaurants - Ambit Capital

** Growth led by deliveries, where co has waived fees

** Co expects 100 bps improvement in gross margins in next 2-3 quarters on discounts, packaging costs reduction

** Co keeps prices stable on avg despite inflation, to focus on market share gains - Centrum Broking

** Stock rated 'hold' on avg by 28 analysts; median PT 690 rupees - data compiled by LSEG

** 'Buy'-rated rival Sapphire Foods SAPI.NS reported higher Q3 profit but lower same sales growth at Pizza Hut India

(Reporting by Ananta Agarwal in Bengaluru)

((Ananta.Agarwal@thomsonreuters.com))

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