Jubilant FoodWorks has expanded its retail network by adding 114 new stores, bringing the company's total store count to 3,594 locations. This expansion represents the company's continued efforts to strengthen its market presence across various segments.

Store Expansion Overview

The recent store additions contribute to the company's ongoing growth strategy, though the current total falls below the ambitious targets set for the year-end.

Target Achievement Status

With the current store count at 3,594 locations, Jubilant FoodWorks remains below its year-end target range of 3,750-3,800+ stores. This indicates that the company would need to add between 156 to 206 additional stores to meet its lower target threshold.

The expansion reflects the company's commitment to increasing its retail footprint, though achieving the full year-end target may require accelerated store opening activities in the remaining period.

Jubilant FoodWorks has reported consolidated revenue from operations of ₹2,439.00 crore in Q3, marking a 13.4% year-on-year growth. However, this represents the slowest revenue growth rate in the current financial year for the quick service restaurant company, indicating a deceleration in business momentum compared to earlier quarters.

Q3 Financial Performance Overview

The company's Q3 results show a notable slowdown in growth trajectory when compared to previous quarters of the current financial year. While the company maintained double-digit growth, the pace has moderated significantly.

Growth Trajectory Comparison

The quarterly performance data reveals a consistent deceleration pattern throughout the current financial year. The consolidated revenue growth has shown a declining trend across quarters.

Store Expansion and Network Growth

Despite the revenue growth slowdown, Jubilant FoodWorks maintained its expansion strategy by adding 114 stores during Q3, bringing the total store count to 3,594 outlets. The company is progressing towards its full year guidance of 3,750-3,800+ outlets, indicating continued confidence in market expansion despite growth deceleration.

Market Performance Analysis

The deceleration in revenue growth across both consolidated and standalone operations suggests broader market challenges or increased competition in the quick service restaurant sector. However, the company's adherence to its store expansion guidance demonstrates management's commitment to long-term growth strategy. The like-for-like growth metrics provide insight into same-store performance, with Turkey operations outperforming the India business in comparable store growth during the quarter.