Analysts from JP Morgan, CLSA, Nomura, and Citigroup have issued positive ratings on Indian stocks Bajaj Finance, Varun Beverages, Nykaa, and Jubilant Foodworks, citing strong growth prospects, strategic partnerships, and margin expansion potential.
Goldman Sachs maintained a neutral rating on Jubilant Foodworks, cutting its target price. Analysts cited near-term margin pressure from inflation and slower growth for Domino's India. Other firms rated BPCL, PI Industries, Grasim Industries, and Bharat Electronics with varied outlooks.
Jubilant FoodWorks is negotiating to sell its India franchise rights for Dunkin' to Inspire Brands, the global owner of Dunkin'. The current franchise agreement concludes on December 31. Once the deal completes, Inspire Brands plans to sell the rights to another local franchise partner. Dunkin' has struggled in India with only 27 stores, contributing just 0.61% to JFL's revenue and incurring a loss of ₹19.1 crore in 2024-25.
