Jubilant FoodWorks’ Popeyes: Right ingredients for significant ramp-up, stock can rally 41%, says ICICI Securities
The brokerage forecasts Jubilant to add over 100 stores in FY24. The market may eventually expand to accommodate both brands – Popeyes and KFC; however, KFC does have an air pocket to tackle for now as we assign a high probability of new Popeyes stores in the same catchment as KFC, it said
