Jubilant FoodWorks has released the transcript of its Q1 FY27 earnings conference call held on August 13, 2026. The discussion highlights the strong growth in Popeyes driven by product innovation and store execution, management of employee costs, and capital expenditure plans focused on store expansion and technology. The company also provided updates on its LFL growth trajectory and margin outlook for the fiscal year.
Jubilant FoodWorks Q1 FY27 Earnings Conference Call Transcript Released
Jubilant FoodWorks Limited has officially published the transcript of its Earnings Conference Call for the first quarter of Fiscal Year 2027 (Q1 FY27). The call, which took place on August 13, 2026, featured insights from senior management, including Chairman Mr. Shyam S. Bhartia, CEO & MD Mr. Sameer Khetarpal, and CFO Ms. Suman Hegde.
Popeyes Growth Drivers Highlighted
A significant portion of the discussion focused on the impressive 45% LFL growth achieved by Popeyes in Q1 FY27, a substantial increase from 9.2% in 1QFY26. Management attributed this acceleration to three key factors: a superior product with enhanced marination and fresh chicken, strong supply chain support, and aggressive brand building through product innovation like new wing flavors and bun improvements. The brand’s execution in store openings was also noted as a critical structural tailwind.
Cost Management and Capex Outlook
Regarding employee costs, the company clarified that while there are headwinds in personnel costs due to wage inflation, productivity improvements in stores are helping to manage per-store costs. The overall capex guidance for FY27 remains in the range of INR750 crores to INR900 crores, with a strategic focus on new store expansion for both Domino’s and Popeyes, as well as investments in existing stores and technology. Supply chain investments have significantly decreased.
Dine-in Strategy and LFL Guidance
Jubilant FoodWorks is actively working on a strategic playbook to revitalize its dine-in channel, particularly for Domino’s. This includes segmenting stores, focusing on service basics, and introducing new offers and partnerships. The company aims to achieve a sustainable 5% to 7% LFL growth for the full year, with projections for Q2 FY27 to be better than Q1 FY27. Management expressed confidence in meeting EBITDA margin expansion targets.
Market Dynamics and Future Focus
The transcript also touched upon broader market dynamics, including pricing flexibility and cost inflation. While acknowledging headwinds from LPG, cheese, and oil prices, the company emphasized its strategy of balancing price increases with cost efficiencies and smart buying. The focus remains on driving revenue growth and ensuring solid EBITDA flow-through, especially for Popeyes, which is viewed as a significant growth opportunity.
Source: BSE
