Jubilant FoodWorks Limited (JFL), a leading food-tech company, has reported robust financial results for the second quarter of fiscal year 2026, demonstrating strong growth across its operations and setting ambitious targets for its Domino's India business.

Financial Highlights

For Q2 FY26, JFL reported:

• Consolidated revenue from operations of Rs. 23,401.52 million, up 19.7% year-over-year
• EBITDA of Rs. 4,762.00 million, an increase of 19.5% from the previous year
• Profit after tax from continued operations of Rs. 1,099.01 million, showing a significant 53.7% growth

Domino's India Growth Strategy

JFL has outlined an aggressive growth strategy for its Domino's India business:

• Targeting 15% annual growth through like-for-like growth and store expansion
• Plans to open approximately 900 stores over the next three years
• Aims for a minimum 200 basis points improvement in EBITDA margin from the FY24 base

Network Expansion

The company continued its network expansion:

• Group store network grew to 3,480 stores, with a net addition of 93 stores
• Domino's network reached 3,179 stores, adding 81 new outlets

Market Performance

• Domino's India: Revenue up by 15.5% year-over-year, driven by 14.8% order growth
• Like-for-like growth of 9.1%, with delivery channel showing robust 16.5% growth
• Mature store Average Daily Sales (ADS) stood at Rs. 83,155

International Operations

JFL's international operations also showed strong performance:

Turkey reported system sales of Rs. 9,957 million.

Innovation and Expansion

The company introduced new products and expanded its reach:

• Launched Four Cheese Sourdough Pizza in India
• Introduced combo offers on the app
• Piloted post-order monetization with customized ads
• Expanded Domino's presence to 500 cities in India, becoming the first QSR brand to achieve this milestone

Management Commentary

Shyam S. Bhartia, Chairman, and Hari S. Bhartia, Co-Chairman of Jubilant FoodWorks Limited, commented on the results: "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."

Sameer Khetarpal, CEO and MD, added: "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."

The company's strong performance and ambitious growth plans have been well-received by analysts, with multiple brokerages upgrading the stock and setting target prices ranging from Rs. 477 to Rs. 1,000.

As Jubilant FoodWorks continues to expand its operations and innovate its offerings, investors and industry observers will be keenly watching the company's ability to execute its growth strategy and maintain profitability in the competitive food-tech sector.

Jubilant FoodWorks Limited, one of India's leading food service companies, has announced price reductions on certain menu items in response to recent tax cuts in the country. The announcement was made by a company executive, signaling a move that could potentially benefit consumers.

Recent Performance

An executive at Jubilant FoodWorks reported that the company's October performance was strong and exceeded expectations. This positive update follows the company's robust financial results for the second quarter.

Financial Performance

Jubilant FoodWorks reported strong financial results for the second quarter. According to the company's consolidated financial statements:

Operational Highlights

Jubilant FoodWorks, which operates popular brands such as Domino's Pizza in India, has been expanding its presence across the country. As of the end of the quarter, the company's consolidated store network comprised 3,480 stores, with a net addition of 93 stores during the period.

Impact of Price Reductions

While specific details about the price cuts were not provided, the move is likely to be welcomed by consumers. The decision to pass on the benefits of tax reductions to customers could potentially drive higher sales volumes and footfall across Jubilant FoodWorks' various restaurant chains.

Management's Perspective

Shyam S. Bhartia, Chairman, and Hari S. Bhartia, Co-Chairman of Jubilant FoodWorks Limited, commented on the company's performance, stating:

"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."

The price reduction strategy aligns with the company's focus on value creation and customer satisfaction, which has been a key driver of its growth in the competitive food service industry.

Looking Ahead

As Jubilant FoodWorks implements these price reductions, it will be interesting to observe the impact on the company's market share and consumer behavior in the coming quarters. The move could potentially strengthen the company's position in the quick-service restaurant sector and contribute to sustained growth in a price-sensitive market.

With the reported strong performance in October, investors and industry observers will likely keep a close watch on how this strategy affects Jubilant FoodWorks' financial performance and competitive standing in the future.