Reviews

ARVIND LIMITED

Ticker: 500101 FV: Rs.10
52-Week H/L: Rs.477.85/358.65

We had recommended Arvind Ltd. in Volume No 34, Issue No 27 (dated Apr 23, 2018), when the scrip was trading at Rs 430. Our recommendation was backed by factors like robust revenue growth and demerger of its brand and retail business. We had reviewed the scrip in Issue No 30 (dated May 14, 2018). when it was trading at Rs 429. We had recommended investors to hold the scrip on the back of strong prospects in FY19. In Q1FY19, the revenue was up by 10.3 per cent YoY to Rs 2860.96 crore. Its revenue from branded apparels segment grew by 13.9 per cent YoY. The EBITDA grew by 17.7 per cent YoY and EBITDA margin stood at 8.6 per cent , while its PAT increased by 12.3 per cent to Rs 72.27 crore. Looking at the decent growth in the quarter, we urge investors to HOLD the scrip.

 

JUBILANT FOODWORKS

Ticker: 533155 FV: Rs.10
52-Week H/L: Rs.1575/653.40

We had recommended Jubilant Foodworks in Volume No 34, Issue No 39 (dated Jul 16, 2018), when the scrip was trading at Rs 1425. Our recommendation was backed by factors like robust financial growth and extensive expansion plans. In Q1FY19, the revenue increased by 25.9 per cent YoY to Rs 855 crore. The EBITDA was up by 77.5 per cent YoY to Rs 142 crore and the EBITDA margin jumped from 11.7 per cent to 16.6 per cent . Its PAT for the quarter ballooned by 212.5 per cent YoY from Rs 24 crore to Rs 75 crore. Same store sales grew by 26 per cent YoY. Also, during the quarter, the company launched new features in the app, while online ordering gained momentum. Since, our target price was achieved, we recommended investors to BOOK PROFIT in the scrip.