{"id":142518,"date":"2026-07-07T16:45:19","date_gmt":"2026-07-07T11:15:19","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=142518"},"modified":"2026-07-07T16:45:21","modified_gmt":"2026-07-07T11:15:21","slug":"jubilant-foodworks-clsa-rating-outperform-520-target","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/jubilant-foodworks-clsa-rating-outperform-520-target\/","title":{"rendered":"Jubilant FoodWorks CLSA Rating Stays Outperform at Rs 520 Target, Above Morgan Stanley&#8217;s Rs 486 Call"},"content":{"rendered":"<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Jubilant FoodWorks CLSA rating: outperform maintained, target Rs 520, above Morgan Stanley&#8217;s Rs 486. Q1 standalone revenue Rs 1,849 crore, up 9.2% YoY, above estimates. Stock up 4.17%.<\/em><\/p>\n<p>This <strong><a href=\"https:\/\/univest.in\/user\/stocks\/jublfood\/jubilant-foodworks-ltd-share-price-today\">Jubilant FoodWorks CLSA<\/a> rating<\/strong> update keeps the brokerage bullish on the quick service restaurant operator, with CLSA maintaining its outperform rating and a target price of Rs 520, notably higher than Morgan Stanley&#8217;s equal-weight call at Rs 486 issued earlier today. <a href=\"https:\/\/univest.in\/stocks\/jublfood\/jubilant-foodworks-ltd-share-price-today\">Jubilant FoodWorks<\/a> shares rose sharply, quoting at Rs 456.20, up 4.17 percent, after touching an intraday high of Rs 456.65.<\/p>\n<p>CLSA&#8217;s note highlights that Q1 standalone revenue came in at Rs 1,849 crore, up 9.2 percent year on year and above estimates, a more optimistic read than Morgan Stanley&#8217;s characterisation of the same India revenue figure as merely in-line.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=jubilant-foodworks-clsa-rating-outperform-520\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/jubilant-foodworks-clsa-rating-outperform-520-target\/#Jubilant_FoodWorks_CLSA_Rating_vs_Morgan_Stanley_Comparison\" title=\"Jubilant FoodWorks CLSA Rating vs Morgan Stanley: Comparison\">Jubilant FoodWorks CLSA Rating vs Morgan Stanley: Comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/jubilant-foodworks-clsa-rating-outperform-520-target\/#Why_CLSA_Is_More_Bullish_Than_Morgan_Stanley_on_the_Same_Numbers\" title=\"Why CLSA Is More Bullish Than Morgan Stanley on the Same Numbers\">Why CLSA Is More Bullish Than Morgan Stanley on the Same Numbers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/jubilant-foodworks-clsa-rating-outperform-520-target\/#Market_Reaction_to_This_Jubilant_FoodWorks_CLSA_Rating\" title=\"Market Reaction to This Jubilant FoodWorks CLSA Rating\">Market Reaction to This Jubilant FoodWorks CLSA Rating<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/jubilant-foodworks-clsa-rating-outperform-520-target\/#What_to_Watch_Next_for_This_Jubilant_FoodWorks_CLSA_Rating\" title=\"What to Watch Next for This Jubilant FoodWorks CLSA Rating\">What to Watch Next for This Jubilant FoodWorks CLSA Rating<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/jubilant-foodworks-clsa-rating-outperform-520-target\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/jubilant-foodworks-clsa-rating-outperform-520-target\/#Frequently_Asked_Questions_on_the_Jubilant_FoodWorks_CLSA_Rating\" title=\"Frequently Asked Questions on the Jubilant FoodWorks CLSA Rating\">Frequently Asked Questions on the Jubilant FoodWorks CLSA Rating<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/jubilant-foodworks-clsa-rating-outperform-520-target\/#What_is_CLSAs_rating_on_Jubilant_FoodWorks\" title=\"What is CLSA&#8217;s rating on Jubilant FoodWorks?\">What is CLSA&#8217;s rating on Jubilant FoodWorks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/jubilant-foodworks-clsa-rating-outperform-520-target\/#How_does_this_Jubilant_FoodWorks_CLSA_rating_differ_from_Morgan_Stanleys_view\" title=\"How does this Jubilant FoodWorks CLSA rating differ from Morgan Stanley&#8217;s view?\">How does this Jubilant FoodWorks CLSA rating differ from Morgan Stanley&#8217;s view?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/jubilant-foodworks-clsa-rating-outperform-520-target\/#What_did_Jubilant_FoodWorks_report_in_its_Q1_FY27_results\" title=\"What did Jubilant FoodWorks report in its Q1 FY27 results?\">What did Jubilant FoodWorks report in its Q1 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/jubilant-foodworks-clsa-rating-outperform-520-target\/#Why_did_Jubilant_FoodWorks_shares_rise_sharply_today\" title=\"Why did Jubilant FoodWorks shares rise sharply today?\">Why did Jubilant FoodWorks shares rise sharply today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/jubilant-foodworks-clsa-rating-outperform-520-target\/#What_is_the_Jubilant_FoodWorks_share_price_today\" title=\"What is the Jubilant FoodWorks share price today?\">What is the Jubilant FoodWorks share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/jubilant-foodworks-clsa-rating-outperform-520-target\/#What_did_CLSA_say_about_the_Eurasia_business\" title=\"What did CLSA say about the Eurasia business?\">What did CLSA say about the Eurasia business?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/jubilant-foodworks-clsa-rating-outperform-520-target\/#Should_investors_buy_Jubilant_FoodWorks_based_on_CLSAs_rating\" title=\"Should investors buy Jubilant FoodWorks based on CLSA&#8217;s rating?\">Should investors buy Jubilant FoodWorks based on CLSA&#8217;s rating?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Jubilant_FoodWorks_CLSA_Rating_vs_Morgan_Stanley_Comparison\"><\/span><strong>Jubilant FoodWorks CLSA Rating vs Morgan Stanley: Comparison<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse: collapse; width: 100%; margin: 16px 0;\">\n<tbody>\n<tr>\n<th style=\"background: #1F3864; color: #ffffff; padding: 8px 12px; text-align: left; border: 1px solid #DDDDDD;\">Parameter<\/th>\n<th style=\"background: #1F3864; color: #ffffff; padding: 8px 12px; text-align: left; border: 1px solid #DDDDDD;\">CLSA<\/th>\n<th style=\"background: #1F3864; color: #ffffff; padding: 8px 12px; text-align: left; border: 1px solid #DDDDDD;\">Morgan Stanley<\/th>\n<\/tr>\n<tr>\n<td style=\"background: #F9F9F9; padding: 8px 12px; border: 1px solid #DDDDDD;\">Rating<\/td>\n<td style=\"background: #F9F9F9; padding: 8px 12px; border: 1px solid #DDDDDD;\">Outperform (maintained)<\/td>\n<td style=\"background: #F9F9F9; padding: 8px 12px; border: 1px solid #DDDDDD;\">Equal-weight (maintained)<\/td>\n<\/tr>\n<tr>\n<td style=\"background: #FFFFFF; padding: 8px 12px; border: 1px solid #DDDDDD;\">Target Price<\/td>\n<td style=\"background: #FFFFFF; padding: 8px 12px; border: 1px solid #DDDDDD;\">Rs 520<\/td>\n<td style=\"background: #FFFFFF; padding: 8px 12px; border: 1px solid #DDDDDD;\">Rs 486<\/td>\n<\/tr>\n<tr>\n<td style=\"background: #F9F9F9; padding: 8px 12px; border: 1px solid #DDDDDD;\">Q1 Standalone Revenue Read<\/td>\n<td style=\"background: #F9F9F9; padding: 8px 12px; border: 1px solid #DDDDDD;\">Rs 1,849 crore, +9.2% YoY, above estimates<\/td>\n<td style=\"background: #F9F9F9; padding: 8px 12px; border: 1px solid #DDDDDD;\">+9.2% YoY, in-line with estimates<\/td>\n<\/tr>\n<tr>\n<td style=\"background: #FFFFFF; padding: 8px 12px; border: 1px solid #DDDDDD;\">Domino&#8217;s India LFL Growth<\/td>\n<td style=\"background: #FFFFFF; padding: 8px 12px; border: 1px solid #DDDDDD;\">2.5%, slightly ahead of estimates<\/td>\n<td style=\"background: #FFFFFF; padding: 8px 12px; border: 1px solid #DDDDDD;\">Improves to 2.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"background: #F9F9F9; padding: 8px 12px; border: 1px solid #DDDDDD;\">Consolidated Revenue Growth<\/td>\n<td style=\"background: #F9F9F9; padding: 8px 12px; border: 1px solid #DDDDDD;\">+14.1% YoY<\/td>\n<td style=\"background: #F9F9F9; padding: 8px 12px; border: 1px solid #DDDDDD;\">+14.1% YoY, below estimates<\/td>\n<\/tr>\n<tr>\n<td style=\"background: #FFFFFF; padding: 8px 12px; border: 1px solid #DDDDDD;\">Additional Detail Flagged<\/td>\n<td style=\"background: #FFFFFF; padding: 8px 12px; border: 1px solid #DDDDDD;\">Eurasia business LFL declines 1.3%<\/td>\n<td style=\"background: #FFFFFF; padding: 8px 12px; border: 1px solid #DDDDDD;\">Margin outlook key amid inflationary pressures<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_CLSA_Is_More_Bullish_Than_Morgan_Stanley_on_the_Same_Numbers\"><\/span><strong>Why CLSA Is More Bullish Than Morgan Stanley on the Same Numbers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The gap between this Jubilant FoodWorks CLSA rating and Morgan Stanley&#8217;s more neutral stance comes down to interpretation of largely overlapping data. CLSA characterises the same 9.2 percent India revenue growth as above estimates, while Morgan Stanley called it merely in-line, a subtle but meaningful difference in how each brokerage is reading the strength of the Q1 print. CLSA also specifically flags a 1.3 percent decline in the Eurasia business&#8217;s like-for-like growth, an international detail not emphasised in Morgan Stanley&#8217;s note, suggesting CLSA sees the domestic strength as more than offsetting a softer international performance.<\/p>\n<p>With a target of Rs 520 against the stock&#8217;s pre-rally levels, this Jubilant FoodWorks CLSA rating implied meaningfully more upside than Morgan Stanley&#8217;s more conservative Rs 486 call, even before today&#8217;s sharp 4.17 percent rally.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/sebi-registered-investment-advisor-india\"><strong>Get Research-Backed Stock Ideas from a SEBI Registered Investment Advisor<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Reaction_to_This_Jubilant_FoodWorks_CLSA_Rating\"><\/span><strong>Market Reaction to This Jubilant FoodWorks CLSA Rating<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Jubilant FoodWorks shares rallied over 4 percent today, with trading volumes surging to 3.74 lakh shares against a five-day average of 87,942 shares, an increase of 324.78 percent. The scale of the rally suggests the market is currently leaning toward the more constructive read in this Jubilant FoodWorks CLSA rating rather than Morgan Stanley&#8217;s more cautious equal-weight stance.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_This_Jubilant_FoodWorks_CLSA_Rating\"><\/span><strong>What to Watch Next for This Jubilant FoodWorks CLSA Rating<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors tracking this Jubilant FoodWorks CLSA rating alongside Morgan Stanley&#8217;s competing view on Jubilant FoodWorks should watch the detailed Q1 FY27 financial results for actual margin delivery amid input cost inflation, the Eurasia business&#8217;s trajectory following its flagged like-for-like decline, and whether the like-for-like growth improvement at Domino&#8217;s India, cited in both this Jubilant FoodWorks CLSA rating and Morgan Stanley&#8217;s note, continues to build through the rest of FY27.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Jubilant FoodWorks live and get brokerage rating updates daily.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>CLSA has maintained its outperform rating on Jubilant FoodWorks with a target of Rs 520, more bullish than Morgan Stanley&#8217;s equal-weight call at Rs 486 issued earlier in the day, after Q1 standalone revenue of Rs 1,849 crore beat estimates with 9.2 percent growth. The stock rallied over 4 percent to Rs 456.20 on 7 July 2026, suggesting the market currently favours the more constructive read. Detailed results and Eurasia business trends are the next things to track.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_the_Jubilant_FoodWorks_CLSA_Rating\"><\/span><strong>Frequently Asked Questions on the Jubilant FoodWorks CLSA Rating<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_CLSAs_rating_on_Jubilant_FoodWorks\"><\/span><strong>What is CLSA&#8217;s rating on Jubilant FoodWorks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This Jubilant FoodWorks CLSA rating has maintained an outperform stance with a target price of Rs 520, higher than Morgan Stanley&#8217;s equal-weight rating with a Rs 486 target issued earlier the same day.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_this_Jubilant_FoodWorks_CLSA_rating_differ_from_Morgan_Stanleys_view\"><\/span><strong>How does this Jubilant FoodWorks CLSA rating differ from Morgan Stanley&#8217;s view?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> CLSA characterises Jubilant FoodWorks&#8217; Q1 standalone revenue growth of 9.2 percent as above estimates, while Morgan Stanley called the same figure merely in-line, reflecting a more bullish read from CLSA on largely overlapping Q1 data.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_did_Jubilant_FoodWorks_report_in_its_Q1_FY27_results\"><\/span><strong>What did Jubilant FoodWorks report in its Q1 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Jubilant FoodWorks reported Q1 standalone revenue of Rs 1,849 crore, up 9.2 percent year on year, with Domino&#8217;s India like-for-like growth at 2.5 percent and consolidated revenue growth of 14.1 percent, though the Eurasia business saw like-for-like growth decline 1.3 percent.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Jubilant_FoodWorks_shares_rise_sharply_today\"><\/span><strong>Why did Jubilant FoodWorks shares rise sharply today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Jubilant FoodWorks shares rose 4.17 percent on 7 July 2026, with volumes surging over 324 percent above average, suggesting the market is leaning toward the more bullish read reflected in this Jubilant FoodWorks CLSA rating.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Jubilant_FoodWorks_share_price_today\"><\/span><strong>What is the Jubilant FoodWorks share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Jubilant FoodWorks was quoting at Rs 456.20 on 7 July 2026, up 4.17 percent, after touching an intraday high of Rs 456.65.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_did_CLSA_say_about_the_Eurasia_business\"><\/span><strong>What did CLSA say about the Eurasia business?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> CLSA specifically flagged that Jubilant FoodWorks&#8217; Eurasia business saw like-for-like growth decline 1.3 percent, an international detail not emphasised in Morgan Stanley&#8217;s more India-focused note.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_investors_buy_Jubilant_FoodWorks_based_on_CLSAs_rating\"><\/span><strong>Should investors buy Jubilant FoodWorks based on CLSA&#8217;s rating?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article does not constitute investment advice. Brokerage views differ on this stock. Evaluate detailed financial results, margin trends and valuations, and consult a SEBI registered financial advisor before investing.<\/p>\n<div class=\"faq-schema\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jubilant FoodWorks CLSA rating: outperform maintained at Rs 520 target, above Morgan Stanley&#8217;s Rs 486 equal-weight call, as Q1 revenue beats estimates. Stock rallies 4.17%. Full comparison on Univest.<\/p>\n","protected":false},"author":35,"featured_media":142674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3802],"class_list":["post-142518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1783422924:29"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["842"],"rank_math_seo_score":["76"],"rank_math_title":["Jubilant FoodWorks CLSA Rating: Outperform at Rs 520 Target"],"rank_math_description":["Jubilant FoodWorks CLSA rating stays outperform with a Rs 520 target, above Morgan Stanley's equal-weight Rs 486 call, as Q1 revenue beats estimates."],"rank_math_focus_keyword":["Jubilant FoodWorks CLSA 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