Jubilant Foodworks is navigating a challenging quarter as it balances aggressive store expansion with the need to protect market share in a highly competitive QSR landscape. Investors will be focused on whether the company can reconcile its long-term margin improvement goals with the immediate pressure from record-high commercial LPG costs and a soft LFL growth recovery.
| Results date | August 13, 2026 |
|---|---|
| Quarter | Q1 FY 2026-2027 |
| Previous quarter revenue | Rs. 2,499.5 Cr |
| Previous quarter PAT | Rs. 82.4 Cr |
| Previous quarter EBITDA margin | 19.4% |
| Net debt (latest quarter) | Rs. 1,616 Cr |
| Market cap | Rs. 31,893.63 Cr |
| CMP | Rs. 483.35 |
The board meeting is scheduled for August 13, 2026, to consider the audited financial results and recommend dividend for FY2026.
Jubilant Foodworks enters the quarter with provisional revenue of Rs. 256.93 Cr, marking a 14.1% YoY increase, though the company faces significant input cost headwinds from a 50% surge in commercial LPG prices during the quarter. While Domino's India LFL growth has shown a modest recovery to 2.5% from the 0.2% low in Q4 FY26, it remains well below the management's medium-term target band of 5–7%. The company's Turkey segment, which accounts for approximately 30% of consolidated revenue, is expected to benefit from a ~10% translation uplift due to the rupee's depreciation against the dollar, averaging Rs. 96 in Q1 compared to Rs. 87 in Q1 FY26. Management's strategic focus remains on maintaining the store addition pace of 230–250 per year, with 76 net additions reported in the provisional Q1 update. The upcoming call will likely address the unresolved tension between falling average realizations and expanding gross margins, as well as the potential impact of the Rs. 46.90 Cr GST show-cause notice received in July.
Performance vs Guidance Tracking: Tracking progress against medium-term operational and financial targets.
Operating metric trajectory: Key demand and efficiency indicators for the Domino's India business.
Risks and headwinds to monitor: Management-flagged risks and regulatory developments.
Consolidated revenue was Rs. 2,499.5 Cr in Q4 FY26, representing a 19.3% YoY increase. This growth was supported by the Turkey segment, while standalone revenue growth was more moderate at 6.4% YoY.
Domino's India LFL growth slowed to 0.2% in Q4 FY26, down from 5.0% in Q3 FY26. Provisional data for Q1 FY27 shows a recovery to 2.5%, though this remains below the management's medium-term target of 5–7%.
The company reported net debt of approximately Rs. 1,616 Cr as of March 31, 2026. Management is currently focused on funding store-led growth through internal accruals and has recently refinanced acquisition debt for its Netherlands subsidiary.
Jubilant Foodworks received a GST show-cause notice for Rs. 46.90 Cr on July 14, 2026, regarding alleged ITC reversal misclassification. The company has stated there is no financial impact at this stage and is in the process of filing objections.