Motilal Oswal has maintained a Buy rating on Jubilant Foodworks with a target price of Rs 625, citing attractive risk-reward at 15x FY28E EV/EBITDA, resilient Domino's like-for-like growth, Popeyes emerging as a growth engine, and supply-chain readiness for a nearly 5,000-store network.

Jubilant FoodWorks Limited faced action when the Maharashtra FDA suspended licences of four Domino's outlets operated by the company following inspections citing hygiene, food segregation, pest control, temperature monitoring and infrastructure issues, with direct revenue impact described as immaterial but with potential reputational and compliance-cost risk.