Jubilant FoodWorks (JFL) announced robust results for Q3FY26 (ending December 31, 2025), reporting a 13.3% YoY growth in consolidated revenue to Rs. 24,372 million. The quarter was marked by strong margin expansion, with EBITDA growing 20.0% YoY to Rs. 4,824 million. JFL added a record 114 net new stores, taking the total network to 3,594 stores across all geographies.
Q3FY26 Consolidated Performance Highlights
Jubilant FoodWorks reported an excellent third quarter for FY26, driven by double-digit revenue growth, enhanced operational efficiency leading to margin expansion, and aggressive store rollout. Consolidated revenue from operations saw a 13.3% YoY increase, reaching Rs. 24,372 million. Consolidated EBITDA grew by 20.0% YoY to Rs. 4,824 million, pushing the margin up by 110 bps to 19.8%.
Profit After Tax (PAT) from continued operations, before exceptional items, surged by 93.9% YoY to Rs. 981 million, resulting in a PAT margin expansion of 167 bps to 4.0%. The company executed its highest quarterly store addition in four quarters, adding 114 net new stores, concluding the period with 3,594 stores in total.
India Business Delivers Robust Growth
The India business remained a key driver, reporting revenue from operations growth of 11.8% YoY to Rs. 18,015 million. This was fueled by 5.0% LFL growth in Domino’s and high double-digit growth in Popeyes, supported by menu innovation like the launch of Cheese Lava Pull Apart Pizza.
The India segment’s EBITDA improved by 18.1% YoY to Rs. 3,694 million, with margin expanding by 109 bps to 20.5%. The company added 78 net new stores across all brands in India, ending the quarter with 2,528 stores domestically. Domino’s revenue in India grew 10.7% YoY, supported by a 9.6% YoY strong order growth.
International Operations Show High Momentum
The Turkey business recorded substantial top-line growth of 15.0% YoY, with revenues reaching Rs. 5,801 million. Profitability in Turkey saw significant improvement, with PAT from continued operations increasing by 202% YoY to Rs. 358 million, driving a 382 bps PAT margin expansion to 6.2%. The Turkey business successfully generated robust cash flow to service its acquisition debt.
Furthermore, the Sri Lanka and Bangladesh businesses maintained strong top-line growth trajectories. Domino’s Sri Lanka revenue increased by 65.9% YoY, and Domino’s Bangladesh revenue grew by 26.6% YoY. The international network added 36 net new stores, concluding the period with 1,066 stores in international markets.
Management Commentary
Mr. Shyam S. Bhartia, Chairman, expressed elation over the consolidated growth and margin improvements, highlighting that the Turkey business is now self-sufficient in servicing its debt obligations. Mr. Sameer Khetarpal, CEO and MD, emphasized sustained momentum, noting that the India business improved EBITDA margins by 109 bps YoY. He also shared that monthly transacting users on JFL-apps grew to 5.7 million (a 21% YoY increase), culminating in the highest ever sales in December.
Source: BSE
