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Nihal Jham

HSBC Securities
2Calls
2Companies
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JUBLFOOD

Jubilant Foodworks Limited

All company calls
Jubilant Foodworks Limited CC-Jun25.pdf
13 Aug 2025
Open call
  1. Two questions from my side. The first is on the delivery dine -in divergence that we are seeing. Even if I look at our dine-in channel, we've obviously launched the INR99 and the INR149 value meals. So there is a clear-cut case of value and all the other 5 aspects that you mentioned other than the delivery charge being very much a part of the dine-in channel also.

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  2. Understood. Just to clarify, you did say that leave apart the takeaway business, which you've highlighted earlier, the dine -in growth has been very strong, very close to what the delivery growth has been.

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  3. That's very helpful. My second question was on -- I think only addition of one store. Just thoughts on where that brand is in terms of -- I know you mentioned that 100 store is the threshold where you start giving more data, but maybe the pace of addition was slightly lower. Where do you expect the store addition to scale up for the next full year?

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TRAVELFOOD

Travel Food Services Limited

All company calls
Travel Food Services Limited CC-Jun25.pdf
11 Aug 2025
Open call
  1. So, two questions. One, a clarification that when you've given the like-for-like growth for the consol. business and system-wide, I believe for the consol. sales, it is basically the existing airports have given a 6% LFL, whereas the system-wide, which is at 12.5% is basically the new airports which have come in. So that is what explains the differential. That's the right understanding to clarify?

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  2. Understood that. And is it possible to get a sense, you mentioned there were disruptions towards the second half of the quarter because of certain incidents, that what was the LFL trending at before some of these incidents played out? So just to get a sense that once things normalise in H2, maybe to get a sense of how it can improve towards?

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  3. So, Varun, would it be possible to give a sense of April or say till mid-May, what the consol. LFL and the system-wide LFL was trending at?

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