Jubilant FoodWorks (JUBLFOOD) Q2 2026 earnings summary

Executive summary

• Consolidated revenue from operations rose 19.7% year-over-year to INR 23.4 billion, with PAT from continued operations increasing 53.7% to INR 1,099 million, driven by strong like-for-like growth and network expansion in India and Turkey.

• Group system sales reached Rs. 27,465 million, with a network of 3,480 stores and net addition of 93 stores in the quarter.

• India business led with industry-leading revenue growth and steady operating margins, while Turkey remained profit accretive year-over-year.

• The group transferred its entire stake in its Russian subsidiary, Pizza Restaurants LLC, derecognizing related net liabilities.

• Product innovation and digital initiatives, including new pizza launches and an ad monetization platform, contributed to growth.

Financial highlights

• Domino's India achieved 9.1% like-for-like growth and 15% year-over-year order growth, with delivery channel revenue up 21.6% year-over-year.

• Q2FY26 consolidated EBITDA margin at 20.3%, with reported EBITDA of Rs. 4,762 million, up 19.5% year-over-year.

• Consolidated PAT from continued operations grew 53.7% year-over-year; net profit for the quarter was INR 1,945.96 million, including gains from discontinued operations.

• Turkey business reported INR 5.9 billion in revenue and a PET margin of 10.4%.

• H1FY26 consolidated revenue at Rs. 46,010 million, up 18.3% year-over-year.

Outlook and guidance

• India business targets 15% year-over-year growth, with 5%-7% from like-for-like and 7%-10% from store expansion.

• Margin improvement of at least 200 basis points over three years (from FY24 base) reaffirmed.

• Store expansion guidance remains at 900 new stores over three years, with a focus on earlier openings in the fiscal year.

• Significant headroom for growth in emerging markets, with a focus on expanding store network and leveraging technology.

• The group continues to focus on its core Food and Beverages segment, with no change in segment reporting.