Jubilant Foodworks Ltd accepted the resignation of Ms. Mona Aggarwal, who served as the Company Secretary and Compliance Officer and Key Managerial Personnel (KMP). The company disclosed the change in key managerial personnel on August 13, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ms. Aggarwal submitted her resignation via email on August 13, 2026, citing her intention to pursue other opportunities. The board acknowledged her resignation, and she will be relieved from her duties with effect from the close of business hours on November 13, 2026.

Disclosure Details

The company provided the following details regarding the cessation of services:

This disclosure was signed by Suman Hegde, EVP and Chief Financial Officer. The full details are available on the company’s website under the Investor Relations section.

Jubilant Foodworks reported improved top-line momentum for the first quarter of FY27, with consolidated revenue from operations growing 14.1% year-on-year to ₹25,697 million. The growth was largely driven by the rapid expansion of its Popeyes brand and robust performance in international markets, particularly DP Eurasia. Standalone revenue also expanded by 9.2% to ₹18,489 million, supported by gross margin expansion of 133 basis points to 75.5%.

Consolidated EBITDA rose 14.2% to ₹5,039 million, maintaining a flat margin of 19.6%. However, consolidated profit after tax (PAT) from continued operations before exceptional items declined 0.8% to ₹1,032 million from ₹1,040 million in the corresponding period last year. This decline was attributed to higher depreciation charges from the new Mumbai Supply Chain Centre and tax impacts in international operations.

Brand-wise Performance

Popeyes emerged as a significant growth engine, with revenue surging 97.0% to ₹703 million. The brand recorded like-for-life (LFL) growth exceeding 40% for the third consecutive quarter, with average daily sales (ADS) reaching ₹96,100 at the system level. The company added 10 new Popeyes stores during the quarter, bringing the total count to 88.

Domino's India delivered more modest growth, with revenue increasing 7.4% to ₹17,646 million. LFL sales growth recovered to 2.5%, up from 0.2% in the previous quarter, though it cycled against a strong 11.6% growth in Q1FY26. Order volume grew 6.5%, with the delivery channel outperforming as revenue grew 12.1%. The delivery mix stood at 76.1% for the quarter. Gross margin for Domino's India expanded 161 basis points to 75.9%.

International Operations

DP Eurasia reported revenue growth of 28.2% to ₹6,651 million. However, PAT decreased 5.4% to ₹459 million due to hyperinflationary accounting treatments under Ind AS 29 and a higher effective tax rate compared to the prior year, which benefited from a one-time tax set-off. On a normalized basis excluding monetary gain/loss impacts, underlying operating performance remained healthy with EBITDA growing 29.2%.

Sri Lanka and Bangladesh also contributed to top-line expansion, with revenues growing 40.7% to ₹349 million and 25.6% to ₹223 million, respectively.

What the Numbers Show

The divergence between top-line growth and bottom-line results highlights the impact of strategic infrastructure investments. While standalone EBITDA grew 10.2% to ₹3,597 million, standalone PAT from continued operations fell 1.0% to ₹728 million. This was primarily driven by a 13.5% increase in depreciation to ₹1,999 million, reflecting the full-quarter impact of the new Mumbai Supply Chain Centre commissioned in FY26. Management indicated that these investments are largely complete for the medium term, suggesting future earnings leverage as throughput increases.

The discontinued operations related to the Dunkin' brand resulted in a net loss of ₹32 million for the quarter, an improvement from the loss of ₹68 million in the prior year. Consequently, total consolidated PAT rose 6.0% to ₹1,000 million.

Outlook and Initiatives

Management highlighted several initiatives driving future growth, including the launch of new products such as Chicken Maxxx, Paneer Maxxx, and Ready-to-Drink Cold Coffee under Domino's. The company is focusing on rebuilding the Dine-In and Take-Away (DITA) channel through dedicated leadership and upgrades to approximately 400 stores. For Popeyes, the ambition is to build it into a ₹1,000 crore brand over the next three to four years, with a target of 35–40 new store additions annually. Total store additions across brands in India are on track to reach 1,000 during the FY26 to FY28 period.