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Jubilant Foodworks Results: Latest Quarterly Results & Analysis

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Jubilant Foodworks Ltd. 13 Nov 2025 16:33 PM

Q2FY26 Quarterly Result Announced for Jubilant Foodworks Ltd.

Restaurants company Jubilant Foodworks announced Q2FY26 results

  • The Group System Sales came in at Rs 27,465 million.
  • The Group store network expanded to 3,480 stores at the end of the period, with net addition of 93 stores.
  • Revenue from operations increased 19.7% YoY to Rs 23,402 million.
  • EBITDA increased 19.5% YoY to Rs 4,762 million; EBITDA margin steady at 20.3%.
  • Pre-Ind AS EBITDA increased 18.5% YoY to Rs 3,244 million and pre-Ind AS EBITDA margin of 13.9%.
  • PAT from continued operations before exceptional items increased 53.7% YoY to Rs 1,099 million and PAT margin expanded 104bps YoY to 4.7%.

Shyam S. Bhartia, Chairman & Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks, said: “We are delighted with the steady topline growth across all markets. Our India business continues to grow ahead of the market while also witnessing a consistent improvement in operating margin and PAT margin. Our Turkey business is consistently delivering value accretion with robust topline growth and healthy PAT margin. Sri Lanka and Bangladesh businesses are also witnessing strong growth. Overall, our strong performance and the momentum generated in H1, we believe, has set JFL for a very promising H2”

Sameer Khetarpal, CEO & MD of Jubilant FoodWorks, said: "This has truly been a dream quarter for JFL. Domino’s delivered robust like-for-like growth across all geographies, while Popeyes achieved double-digit same-store sales growth. Domino’s India became the first QSR brand to reach 500 cities and JFL further expanded its PAT margin. Additionally, Domino’s India launched an app monetisation platform, partnering with leading national brands and opening up new revenue streams for the company."

Result PDF

Restaurants company Jubilant Foodworks announced Q1FY26 results

  • Revenue from Operations of Rs 22,609 million increased 17.0%.
  • EBITDA came in at Rs 4,380 million, higher by 14.3%.
  • EBITDA margin was 19.4% for Q1FY26.
  • Profit After Tax from continuing operations and before exceptional item came in at Rs 972 million, higher by 59.8%.
  • PAT Margin: 4.3% for Q1FY26.

Shyam S. Bhartia, Chairman & Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks, said: “We are pleased with the strong start to the year, marked by healthy top-line growth and disciplined profitability. This performance sets a solid foundation for what we believe will be a high-impact year. Our unwavering commitment to putting the customer first, combined with sustained investments in technology, innovation, and operational excellence, continues to power our competitive edge and promote long-term value creation.”

Sameer Khetarpal, CEO and MD of Jubilant FoodWorks, said: “Q1 has been a stellar start, setting the tone for a dynamic year ahead. We’ve accelerated menu innovation, significantly expanded the share of our own digital assets and made decisive strides towards achieving 20-minute delivery. In parallel, we continue to scale Popeyes with the ambition of making it India’s most loved chicken brand. Our focus remains firmly on margin expansion in the business, while maintaining strong cash flows from our Turkey business.”

Result PDF

Restaurants company Jubilant Foodworks announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • The Group System Sales came in at Rs 24,054 million
  • Added 56 net stores in the quarter(India: 38 stores, Turkey: 16 stores and Bangladesh: 2 stores)
  • Consolidated Revenue of Rs 21,032 million increased 33.6% YoY
  • Consolidated EBITDA of Rs 3,886 million increased 24.8 YoY with EBITDA margin at 18.5%
  • Standalone Revenue of Rs 15,872 million increased 19.1% YoY
  • Standalone EBITDA of Rs 3,056 million increased 19.7 YoY with EBITDA margin at 19.3%
  • Profit After Tax before exceptional item came in at Rs 501 million, higher by 29.3% with 2.4% margin.

FY25 Financial Highlights:

  • The Group System Sales came in at Rs 93,222 million
  • The Group Store Network expands to 3,316 stores with the addition of 325 net stores
  • Consolidated Revenue of Rs 81,417 million increased 44.0% YoY
  • Consolidated EBITDA of Rs 15,722 million increased 37.4% YoY with EBITDA Margin at 19.3%
  • Standalone Revenue of Rs 61,047 million increased 14.3% YoY
  • Standalone EBITDA of Rs 11,807 million increased 7.8% YoY with EBITDA Margin at 19.3%
  • Board recommended a dividend of Rs 1.2 per share of face value Rs 2, amounting to Rs 792 million

Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks commented. “Jubilant FoodWorks delivered record group system sales of USD 1.1 billion in FY’25, driven by the successful Domino's India turnaround, the integration of DP Eurasia, and our focus on technology-enabled operational excellence.”

Sameer Khetarpal, CEO and MD of Jubilant FoodWorks, commented, “Trajectory of results over the last three quarters, indicate the strength of our strategy, tech-capabilities and strong execution in Domino’s. This growth is order-led, driven by highest-ever new customer acquisition rates, which makes the growth sustainable. We continue to make good progress on our path to build Popeyes and COFFY.”

Result PDF

Restaurants company Jubilant Foodworks announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Revenue from Operations of Rs 19,547 million increased 42.8%. EBITDA came in at Rs 3,986 million, higher by 43.8%.
  • EBITDA margin was 20.4%, higher by 14 bps.
  • Profit After Tax came in at Rs 715 million, lower by 26.4%.
  • PAT margin at 3.7%, lower by 344 bps.

H1FY25 Financial Highlights:

  • Revenue from Operations of Rs 38,878 million increased 43.8%. The JFL Group network strength is now 3,130 stores with net addition of 139 stores in H1. EBITDA came in at Rs 7,816 million, higher by 41.3%.
  • EBITDA margin was 20.1%, lower by 35 bps.
  • Profit after tax came in at Rs 1,323 million, higher by 4.9%.
  • PAT margin at 3.4%, lower by 126 bps.

Shyam S. Bhartia, Chairman and Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks, said:, “Our commitment to convenience, innovation, and consumer value is driving competitive growth. We sustained broad-based momentum in Q2, achieving system sales of Rs 45.1 billion in H1 and grew the JFL network to 3,130 stores by adding 139 stores across brands and markets. We’re also pleased with the elevated trajectory in operating profit, enabled by acquisition of a well-run franchised network in Turkey, which complements our corporate-owned store setup in India.”

Sameer Khetarpal, CEO and MD of Jubilant FoodWorks, said: “Our focused strategy on doubling down on Domino’s is delivering strong results. With increased investment in brand building, rapid product innovation, expanded regional structure, and denser store networks enabling 20-minute delivery, we’re seeing remarkable volumetric growth momentum. Domino’s India achieved its highest orders, app traffic, conversion rates, and store throughput in recent quarter, underscoring the impact of our approach.”

Result PDF

Resturants company Jubilant Foodworks announced Q1FY25 results:

  • The Group System Sales came in at Rs 22,365 million
  • The Group Store Network expands to 3,057 stores with the addition of 66 net stores in the quarter
  • Domino’s India, COFFY Turkey and Popeyes India crosses 2,000, 100 and 50 store mark respectively
  • Revenue was Rs 19,331 million; EBITDA margin was 19.8%; PAT Margin was 3.1%
  • Domino’s India LFL growth accelerated to 3.0% driven by Delivery LFL growth of 12.1%
  • Domino’s India KPIs – Record New Customer Acquisition Growth at 32% and MAU at 12.1 million reaches new all-time high
  • Domino’s Turkey LFL growth came in at 10.3%
  • COFFY LFL growth came in at 8.7%

Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks commented, “We achieved solid first quarter results, with broad based growth across markets led by healthy LFL and store growth. We also celebrated network milestones of crossing 3,000 stores at a Group level and setting a new record of operating 2,000 Domino’s stores in India. India business growth in particular, accelerated with a sharpened valuefor money focus in Domino’s, through delivery fee waiver well supported by continued network expansion. We remain on track to become India’s first foodservice Company to cross $1 bn in group system sales.”

Sameer Khetarpal, CEO and MD of Jubilant FoodWorks Limited, commented, “It was indeed a ‘milestone quarter’. JFL delivered a strong quarter with growth across all business lines, expansion in the store network and improvement in margin trajectory. The quality of growth stands out, as it is order-led, monthly active users were at a record high and the Company acquired new customers at the highest-ever rate, beating the industry trend, thus, indicating the belief in our core strategy of being customer first and data-and-technology-forward.”

Result PDF

Restaurants company Jubilant Foodworks announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue was Rs 15,728 million; Gross Margin at 76.6%; EBITDA margin at 19.7%
  • Highest ever quarterly network addition of 112 stores
  • Domino’s India LFL trajectory turned around by Q4
  • Domino’s India registers record-high new customer acquisition growth with improvement in Delivery under 20 min
  • Rapid expansion of Popeyes continues with entry in new cities – 42 stores now serving consumers in 15 cities

FY24 Financial Highlights:

  • Revenue was Rs 56,541 million; Gross Margin at 76.3%; EBITDA margin at 20.2%
  • JFL Group Store Network is now nearing 3,000 stores with the opening of record 356 stores in FY’24
  • JFL Group’s store network for Domino’s is now 2,793 store strong across six countries
  • JFL Group’s store network for Domino’s India expands to 1,995 stores across 421 cities
  • Next-gen Domino’s India app powering App conversion to record high levels

Shyam S. Bhartia, Chairman and Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited commented, “FY'24 was a year of significant shift as the acquisition of DP Eurasia elevates the profitable growth trajectory of the JFL Group. This acquisition further solidifies JFL's longstanding partnership with Domino's, the world's largest pizza company, to profitably grow high potential emerging markets. The Group also made noteworthy progress during the year in supporting and nurturing new growth vectors, solidifying its position as one of the leading emerging markets’ foodservice company.”

Sameer Khetarpal, CEO and MD, Jubilant FoodWorks Limited commented, “The March quarter performance was remarkable as Domino's India's like-for-like trajectory turned around in Q4. This was achieved through several pre-planned strategic interventions, including strengthened regional infrastructure, enhanced on-ground execution, a comprehensive revamp of the brand, and further refining the value proposition through targeted delivery fee waivers during a period of weak demand. Moreover, the year witnessed substantial progress across every strategic priority, with increased business reinvestments that weigh on near-term margins but will be a pivotal catalyst to drive our future growth across all brands and markets.”

Result PDF

Restaurants company Jubilant Foodworks announced Q3FY24 & 9MFY24 results:

  • Standalone Q3FY24:
    • Revenue from Operations of Rs 13,551 million increased 2.9% versus the prior year.
    • The growth was driven by Domino’s Delivery channel sales which increased by 6.2%.
    • The Average Daily Sales of Domino’s mature stores, came in at Rs 80,111.
    • While the Delivery LFL was positive, LFL came in at -2.9% impacted by Dine-in.
    • Deployment of multiple levers through Project Vijay and disciplined cost control continue to aid profitability.
    • Gross Profit was Rs 10,387 million, higher by 4.5%. Gross margin came in at 76.7%.
    • EBITDA came in at Rs 2,827 million and EBITDA margin was 20.9%. Profit After Tax came in at Rs 610 million and the PAT margin was 4.5%.
  • Standalone 9MFY24:
    • For 9MFY24, Revenue from Operations of Rs 40,096 million increased 4.3%.
    • The Company opened 144 net stores across all brands and crossed the milestone of being the first food service Company to operate more than 2,000 stores in India.
    • Gross Profit was Rs 30,618 million, higher by 4.6%. Gross margin came in at 76.4%.
    • EBITDA came in at Rs 8,398 million, and EBITDA margin was 20.9%.
    • Profit after tax came in at Rs 2,083 million and PAT margin was 5.2%.

Shyam S. Bhartia, Chairman, and Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks commented, “Sustained delivery growth, highest ticket in nine quarters without a price increase since last six quarters, adept cost optimization making way for investments behind category development, and the accelerated expansion of Popeyes as an additional growth driver were the distinctive highlights from our quarter. The commissioning of Jubilant Food Park Bangalore significantly elevates our operational capabilities, in-house integration with ONDC demonstrates our digital prowess, and acquisition of a majority stake in DP Eurasia unlocks a renewed, profitable growth trajectory.”

Sameer Khetarpal, CEO and MD, Jubilant FoodWorks commented, “A series of proactive, strategic decisions being taken on a continual basis is helping us navigate the muted demand environment well. The successful creation of a dedicated spending pool via Project Vijay for pizza category development, sharpening our on-ground execution capabilities, accelerated expansion of Popeyes network, and the continual reinforcement of our competitive strengths in delivery, technology, and supply chain are all key elements that will reignite the growth engine for our India business. The accretive DP Eurasia acquisition marks a new chapter of utilizing our Domino’s experience to aid their business and also in the process create additional value for our shareholders.”

 

Result PDF

Restaurant company Jubilant Foodworks announced Q2FY24 & H1FY24 results:

  • Q2FY24:
    • Revenue from Operations in Q2FY24 increased by 4.5% compared to the prior year, reaching Rs 13,448 million. This growth was primarily driven by Domino’s Delivery channel sales, which saw a significant increase of 7.9%.
    • The Average Daily Sales of mature stores reached Rs 81,658, reflecting a 1.4% sequential increase. However, Domino’s Like-For-Like (LFL) sales came in at -1.3%.
    • The company effectively deployed various strategies through Project Vijay and maintained disciplined cost control to offset cost inflation. Gross Profit increased by 4.7% to reach Rs 10,275 million, with a gross margin of 76.4%.
    • EBITDA for the quarter was reported at Rs 2,807 million, and the EBITDA margin was 20.9%.
    • Profit After Tax (PAT) for the quarter amounted to Rs 721 million, with a PAT margin of 5.4%.
  • H1FY24:
    • Revenue from Operations for the half-year ending September 2023 increased by 5.0%, reaching Rs 26,545 million.
    • The company expanded its presence by opening 90 new stores across all brands in India.
    • Gross Profit showed a 4.7% increase, amounting to Rs 20,231 million, with a gross margin of 76.2%.
    • EBITDA reached Rs 5,571 million, and the EBITDA margin was 21.0%.
    • Profit after tax (PAT) amounted to Rs 1,473 million, with a PAT margin of 5.6%.

Shyam S. Bhartia, Chairman and Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks commented, “We are focused on pursuing growth, driving innovation and executing on opportunities to expand margins. Our investments in technology and delivery channel are paying off, as we registered positive like-for-like growth in the channel and traffic on the app grew ahead of our plan. We will continue to make investments in store expansion, technology and the team to stay ahead of the curve and ensure our continued long-term success.”

Sameer Khetarpal, CEO and MD, Jubilant FoodWorks commented, “The growth continues to be order led with elevated level of consumer engagement and the decline in ticket is also now arrested. Also, second consecutive quarter of sequential improvement in ADS of mature stores and Gross Margins are early indicators of structural improvement in the health of our business. Every single action being taken by us is not only helping us manage the shortterm challenge but will also ensure a very solid foundation for the long-term growth of our business.”

Result PDF

Restaurants firm Jubilant Foodworks announced Q1FY24 results:

  • Revenue from Operations of Rs 13,097 million increased 5.6% versus Q1FY23.
  • The growth was driven by Domino’s Delivery channel sales which increased by 8.4%. The ADS of mature stores, came in at Rs 81,049, up by 2.7% sequentially.
  • EBITDA came in at Rs 2,764 million and EBITDA margin was 21.1%, higher by 97 bps sequentially.
  • Profit After Tax came in at Rs 752 million and the PAT margin was 5.7%, higher by 195 bps sequentially.
  • Company opened 30 new stores in India, resulting in a network of 1,891 stores across all brand
  • During Q1FY24, the company introduced a new Domino’s Red Hot Spicy Pizza range comprising four pizzas starting at an attractive price point of Rs 179
  • The enrolment to the loyalty program – Domino’s Cheesy Rewards – grew by 23.5% versus the prior quarter to 16.8 million and the loyalty order contribution reached 48% in June 2023
  • Consumer engagement remains elevated with all-time-high quarterly app downloads at 10.0 million, up by 22.0% and MAU(App) came in at 10.3 million
  • In Sri Lanka, the system sales growth was 13.1% and the Company opened two new stores taking the network strength to 50 stores. The company introduced Domino’s Roasties – stuffed roasted bread with a delightful local Sri Lankan twist.
  • In Bangladesh, system sales grew by 69.6% and the network expanded to 20 stores. The Company introduced Choco Breadstick.

Shyam S. Bhartia, Chairman, and Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited commented, “Our performance reflects our continuation of the strategic direction we have opted for in the current inflationary environment. We continue to bolster our value proposition further, look inwards to improvise our systems and processes while expanding margins, and finally continue to make investments further to strengthen our unique competitive advantages in operations and technology.”

Sameer Khetarpal, CEO and MD, Jubilant FoodWorks commented, “Our strategy of customer first and technology forward has started to yield positive results. ADS for mature stores grew by 2.7% sequentially, a decline in ticket size was arrested, app installs and loyalty enrollments reached a new peak, and we executed efficiently to expand EBITDA margin by 97 bps versus the previous quarter. I remain confident in our strategies and the organization's ability to overcome the slower growth phase and emerge stronger out of it.”

 

 

Result PDF

Restaurants company Jubilant Foodworks announced Q4FY23 & FY23 results:

Q4FY23:

  • Revenue from Operations of Rs 12,523 million increased 8.2% versus the prior year.
  • The LFL came in at -0.6%. EBITDA came in at Rs 2,522 million and EBITDA margin was 20.1%. Profit After Tax(bei) came in at Rs 675 million and PAT(bei) margin was 5.4%.
  • The Company opened 61 new stores in India. With the addition of 56 new stores and entry in six new cities, Domino’s has expanded its network strength to 1,816 stores across 393 cities

FY23:

  • Revenue from Operations of Rs 50,960 million increased 17.7% versus the prior year. In Domino’s, the Delivery and Dine-in channel registered 8.4% and 35.6% growth, respectively.
  • The LFL and SSG growth came in at 8.9% and 6.0% respectively.
  • The Company opened a record 250 new stores for Domino’s India. EBITDA came in at Rs 11,592 million, and EBITDA margin was 22.7%. Profit after tax(bei) came in at Rs 4,029 million and PAT margin(bei) was 7.9%
  • The Board of Directors of the Company has recommended a dividend of Rs 1.2 per equity share of face value of Rs 2 each for the financial year ended 31st March 2023 (amounting to Rs 792 million), subject to approval of shareholders at the Annual General Meeting.

Mr. Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited commented, “We are pleased that we have become a Rs 5,000 crore turnover company in this fiscal year. This achievement is a result of our never-ending efforts to elevate consumer experience through our portfolio of brands, not hesitating to make deep investments in commissaries and digital assets for continued future growth while maintaining very high financial discipline. There are near term concerns around historic high inflation and slowing market growth, but we are confident on our unique ecosystem’s ability to tap on the potential that lies ahead of us and reorient the business to deliver sustained profitable growth.”

Mr. Sameer Khetarpal, CEO and MD, Jubilant FoodWorks Limited commented, “We are accelerating efforts to execute and deliver on the plans we’ve put into action to revert to high top-line growth while significantly improving all aspects of our cost structure. This quarter saw encouraging progress on registering order led growth while limiting the impact of inflation on our gross margins through a series of well-timed interventions. As we step into the new fiscal year, we derive confidence from the strength of our brands, operational prowess, quality of innovation and commitment of our people to navigate the business well in the current environment.”

 

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