Jubilant FoodWorks (JUBLFOOD) Q1 25/26 earnings summary

Executive summary

• Consolidated revenue for Q1 FY26 rose 17% year-on-year to INR 22,609 million, with a net addition of 71 stores, reflecting robust growth and execution focus.

• Domino's India led with 17.7% revenue growth, 17.3% order growth, and expansion to 2,362 stores in 484 cities.

• Delivery channel revenue grew 24.6% year-on-year; dine-in increased by 2.5%; app MAUs reached 15 million, up 21.5%.

• Focus on affordability, quality, convenience, innovation, and digital engagement continued to drive performance.

Financial highlights

• Consolidated revenue for the quarter was INR 22,609 million, up 17% year-on-year; Domino's India revenue grew 17.7% with 17.3% order growth and 11.6% like-for-like growth.

• Pre-Ind AS EBITDA grew 18.2% to INR 2,925 million, margin at 12.9%; standalone pre-Ind AS EBITDA rose 22.5% to INR 2,046 million, margin up 42 bps to 12%.

• Consolidated and standalone PATs increased by 59.8% and 29.5% year-on-year, respectively.

• Gross margin declined by 199 bps year-on-year due to higher investments in growth and delivery mix.

• Interest costs declined 17.6% year-on-year due to better debt management.

Outlook and guidance

• Management expects the demand environment to improve quarter-on-quarter and aims to improve standalone profitability by at least 2200 basis points over three years.

• Drag from Popeyes and emerging formats expected to halve over the next 12–18 months.

• Focus remains on network expansion, digital innovation, and value-driven growth across brands and geographies.