Jubilant FoodWorks (JUBLFOOD) Q3 25/26 earnings summary

Executive summary

• Q3 FY26 saw consolidated revenue of INR 24,372.19 million, up 13.3% year-on-year, with EBITDA growing 20% and PAT rising over 90% year-on-year, supported by all business segments and robust international performance.

• India operations maintained double-digit growth, with Domino's India achieving positive LFL growth for the eighth consecutive quarter and Popeyes delivering high double-digit LFL growth.

• Store network expanded to 3,594 globally, with 114 net additions in Q3FY26 and 2,530 in India.

• Technology and AI investments, along with menu innovation, are driving operational efficiencies and customer engagement.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved by the Board on February 10, 2026.

Financial highlights

• Standalone revenue for the quarter was INR 18,015.09 million, up 11.8% year-on-year; consolidated revenue reached INR 24,372.19 million, up 13.3% year-on-year.

• Standalone net profit for the quarter was INR 540.79 million, and consolidated net profit was INR 728.83 million, both up year-on-year.

• Gross margin in India expanded sequentially by 52 bps to 74.9%, and EBITDA margin improved by 110 bps year-on-year to 20.5%.

• Standalone PAT from continuing operations before exceptional items grew 27% year-on-year; consolidated PAT from continuing operations before exceptional items grew 94%.

• 9MFY26 consolidated revenue was INR 81,417.26 million and net profit was INR 3,618.16 million.

Outlook and guidance

• Management targets 5%-7% LFL growth for Domino's and 15% top-line growth for standalone operations, aiming for 15% pre-IND AS margin.

• Store expansion remains a priority, with a goal to open 1,000 stores in the next three years.

• Mumbai commissary to be operational by end of Q4FY26, with supply chain capex peaking to support medium-term growth.

• Continued focus on technology, supply chain, menu innovation, and digital engagement to drive long-term value.

• The company continues to monitor regulatory changes, particularly the implementation of new Labour Codes, and will adjust financial provisions as needed.