ITC, Titan Company, Jubilant FoodWorks: BNP Paribas India shares target prices Bloomberg consensus expects QSR companies to report 13-23% revenue CAGR and 17-24% EBITDA CAGR over FY24-27, implying that consensus is building a strong recovery compared with recent.
ITC, Titan Company, Jubilant FoodWorks: Target Prices and Revenue Growth Insights
As we navigate through the dynamic landscape of Indian equities, recent insights from BNP Paribas India shed light on three prominent stocks: ITC, Titan Company, and Jubilant FoodWorks. Investors and market enthusiasts alike are keen to understand the target prices and growth potential of these companies in the coming fiscal years.
Target Prices Set by BNP Paribas
BNP Paribas has revised its target prices for these key players, reflecting a positive outlook. For ITC, the target price is set at INR 415, indicating a strong growth trajectory. Titan Company has been assigned a target price of INR 2,850, showcasing its resilience in the market. Meanwhile, Jubilant FoodWorks, a leader in the quick-service restaurant (QSR) sector, is projected to reach a target price of INR 1,800.
Revenue Growth Projections
According to Bloomberg consensus, QSR companies are anticipated to report a robust revenue Compound Annual Growth Rate (CAGR) ranging from 13% to 23% over FY24-27. Furthermore, EBITDA CAGR is projected between 17% and 24%, demonstrating a strong recovery compared to recent trends. This optimistic forecast highlights the resilience and adaptability of the QSR sector, particularly as consumer preferences continue to evolve.
Why Invest in QSR Companies?
The growing preference for convenience and fast dining options among Indian consumers positions QSR companies like Jubilant FoodWorks for substantial growth. With innovative menu offerings and aggressive expansion plans, these companies are set to capitalize on the increasing demand for quick meal solutions.
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