Jubilant FoodWorks (JUBLFOOD), the operator behind Domino’s, Dunkin’, and Popeyes in India, turned heads today with a surprising intraday rally, despite posting a steep 76% drop in net profit in its recent Q4 results. Revenue rose by 34% year-on-year to ₹2,103 crore, but rising input costs and margin pressures dented profitability.

Analysts are split—Citi maintains a bullish outlook with a target of ₹805, while UBS and CLSA urge caution, highlighting premium valuations and competitive headwinds. The stock is trading at a hefty 200×+ P/E ratio, reflecting high investor expectations.

Yet, investors remain intrigued. With over 2,100 outlets across India and expansion into new QSR brands like Hong's Kitchen and Ekdum!, the company’s scale and brand recognition remain unmatched.

So, is JUBLFOOD still cooking up long-term growth or heading toward a cooldown? For aggressive investors, this could be a buy-on-dip opportunity. For the cautious, it’s a watchlist candidate until earnings visibility improves. Either way, it’s a stock to watch.