Goldman says Jubilant market cap to rise seven-fold

Reuters

Reuters Market Eye - Shares of Jubilant Foodworks (NSI:JUBLFOOD.NS - News), which operates the Domino's Pizza franchise in India, gained as much as 2.6 percent after Goldman Sachs said the company has potential to be worth $7.4 billion in valuation in a decade.

Jubilant's market value reached $1.05 billion as of Monday's close, according to Thomson Reuters data.

Goldman cites three key reasons for its call: rising urbanisation, the rising number of women in the workforce and an increasing youth population.

Goldman adds Jubilant will maintain its competitive edge thanks to its network of Domino's stores, a "robust" supply chain, its more than 20,000 employees, and the "pioneering" use of online ordering and IT systems.

(Reporting by Indulal PM)

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