jubilant foodworks (Emkay) Conviction Intact, Maintain ACCUMULATE

Q4FY11 performance marginally below expectations, led by lower then expected Ebidta margins; However this does not reduces our conviction on leverage and scalability of Dominos model; Repays debt from internal cash generation, showcases the cash generating strength of Dominos model
Date Rating Target Price Recommendation Price Broker house
13 May 2011 accumulate 725 706 Emkay Report

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