Motilal Oswal sets INR 625 target for Jubilant Food stock

Published on 10/25/2026 at 02:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 11.9 percent to INR 26,087 million. Jubilant Food stock reached 3,820 stores after 108 additions.

Growth and valuation markers

Motilal Oswal set an INR 625 target in its October 13, 2026 report.
Second-quarter revenue increased 11.9 percent year over year by September 30, 2026.
Jubilant FoodWorks added 108 stores during the quarter.

Jubilant Food, INE797F01020, Illustration mit AI erstellt.

Motilal Oswal set an INR 625 target for Jubilant FoodWorks stock in a report dated October 13, 2026, as Moneycontrol reported. The brokerage retained a Buy rating while pointing to improving Domino's sales and Popeyes expansion.

Three dated markers for the stock

On August 13, 2026, Jubilant FoodWorks reported first-quarter revenue of INR 1,848.85 crore and EBITDA of INR 360 crore, according to CNBC TV18. On October 7, 2026, its second-quarter update showed consolidated revenue of INR 26,087 million, up 11.9 percent year over year. On October 13, 2026, Motilal Oswal set the INR 625 target and maintained its Buy view.

What supports the target case?

The operating data point to a stronger domestic trend. Domino's India posted 4.1 percent like-for-like growth in the second quarter of fiscal 2027, while the group added 108 stores and reached 3,820 locations by September 30, 2026, Indian Television Dot Com reported. The comparison is mixed because Domino's Eurasia recorded a 2.1 percent like-for-like decline after accounting for Ind AS 29.

Motilal Oswal expects standalone EBITDA margin to reach 12.6 percent in fiscal 2027 and 13.0 percent in fiscal 2028, compared with about 12.5 percent in fiscal 2026. The brokerage also highlighted Popeyes revenue growth of 97 percent in the first quarter of fiscal 2027 and a planned network of 250 stores over three to four years, as Financial Express reported on October 14, 2026.

Market value and listing details

Jubilant FoodWorks had a market capitalization of INR 266.6 billion as of October 23, 2026. Its 52-week range was INR 397.80 to INR 622.95 on that date, leaving the stock close to the lower end of its annual range. The company is listed on the NSE under ticker JUBLFOOD, with the ISIN INE797F01020. The investment case therefore depends on whether stronger Domino's same-store sales and Popeyes scale can offset input-cost pressure and international volatility.