Motilal Oswal sets INR 625 target for Jubilant FoodWorks stock

Jubilant FoodWorks is at the center of a fresh analyst valuation debate after Moneycontrol reported on October 14, 2026 that Motilal Oswal maintained a Buy rating and an INR 625 target dated October 13, 2026. The view rests on improving Domino's India sales growth and Popeyes expansion.

Target rests on operating recovery

Motilal Oswal's report puts Domino's India like-for-like growth at 4.1 percent in the second quarter of fiscal year 2027, up from 2.5 percent in the first quarter and 0.2 percent in the fourth quarter of fiscal year 2026. DSIJ said on October 13, 2026 that the broker expects a 12.6 percent pre-Ind AS EBITDA margin in fiscal year 2027 and 13.0 percent in fiscal year 2028.

The same research summary said Popeyes revenue rose 97 percent year on year to INR 700.0 million in the first quarter of fiscal year 2027. Its store network reached 88 locations, while management is targeting 250 Popeyes stores and INR 10,000.0 million of revenue over the next three to four years.

Three milestones shape the story

The Economic Times listed a first-quarter results update on August 13, 2026, when revenue reached INR 25,696.5 million. On October 7, 2026, Jubilant FoodWorks reported second-quarter consolidated revenue of INR 26,087.0 million, up 11.9 percent year on year, and added 108 stores to reach 3,820 across the group, according to The Financial Express. The October 13 target from Motilal Oswal is the latest of the three milestones.

What does the target mean for margins?

The valuation case depends on converting store expansion into operating leverage. The research summary said management is targeting 5 to 7 percent like-for-like growth for fiscal year 2027, while the broker expects productivity gains to offset input-cost inflation. That makes the margin path more important than store count alone.

Next reporting date

Investing.com lists November 5, 2026 as the next earnings date. The coming report will show whether the September-quarter growth update translated into profit and margin progress.

Stock remains tied to execution

Jubilant FoodWorks combines a larger Domino's network with a developing Popeyes platform, but the valuation thesis still relies on stronger same-store sales and disciplined expansion. The next earnings release is therefore the clearest scheduled test of the INR 625 analyst target.

Market context: Market report BSE Sensex.

More news and analyses on Jubilant FoodWorks stock