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 , a leading food-tech company, has reported robust financial results for the second quarter. The company's consolidated revenue from operations grew by 19.7% year-over-year to Rs. 23,402.00 million, driven by strong performance across its brands and markets.

Key Financial Highlights

• Consolidated revenue increased 19.7% YoY to Rs. 23,402.00 million
• EBITDA rose 19.5% YoY to Rs. 4,762.00 million, with margin steady at 20.35%
• Consolidated net profit surged 191% YoY to Rs. 1,860.00 million from Rs. 640.00 million
• PAT margin expanded significantly

Operational Performance

The company continued its network expansion, adding 93 stores during the quarter to reach a total of 3,480 stores across all brands and markets. Domino's, the flagship brand, now has 3,179 stores after adding 81 new outlets.

Jubilant FoodWorks' standalone business, which primarily includes operations in India, saw revenue growth of 15.8% YoY to Rs. 16,987.00 million. Domino's India revenue increased by 15.5% YoY, driven by strong order growth of 14.8% YoY. The company reported a like-for-like (LFL) growth of 9.1% YoY, with the delivery channel showing robust LFL growth of 16.5% YoY.

International Operations

The company's international operations also demonstrated strong growth:

Management Commentary

Shyam S. Bhartia, Chairman, and Hari S. Bhartia, Co-Chairman of Jubilant FoodWorks Limited, commented, "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. Our Turkey business is consistently delivering value accretion with robust topline growth and healthy PAT margin. Sri Lanka and Bangladesh businesses are also witnessing strong growth."

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. Domino's India became the first QSR brand to reach 500 cities and JFL further expanded its PAT margin. Additionally, Domino's India launched an app monetisation platform, partnering with leading national brands and opening up new revenue streams for the company."

The company's strong performance in Q2 demonstrates its resilience and ability to capitalize on the growing food delivery and quick-service restaurant market in India and international markets. With continued focus on expansion, innovation, and operational efficiency, Jubilant FoodWorks appears well-positioned for future growth.