Jubilant FoodWorks reported robust consolidated financial performance for Q3FY26. Reported EBITDA grew by 20.0% YoY to Rs. 4,824 mn, while PAT (from continued operations before exceptional items) surged by 93.9% YoY to Rs. 981 mn. The company added 114 net stores in the quarter, bringing the total network to 3,594 stores globally. Standalone performance was also strong, with EBITDA margin expansion exceeding 100 basis points (bps) QoQ.
Q3FY26 Consolidated Financial Highlights
Jubilant FoodWorks announced its consolidated results for the quarter ending December 31, 2025 (Q3FY26), demonstrating significant year-over-year (YoY) improvements in profitability. System Sales grew 16.3% YoY to Rs. 28,020 mn. Revenue saw a 13.3% YoY increase, reaching Rs. 24,372 mn.
Profitability metrics showed substantial acceleration:
- Reported EBITDA grew 20.0% YoY to Rs. 4,824 mn, leading to a reported EBITDA Margin of 19.8% (an expansion of 110 bps YoY).
- PAT (from continued operations before exceptional items) skyrocketed by 93.9% YoY to Rs. 981 mn, resulting in a PAT Margin of 4.0%.
- EBITDA (Pre-Ind AS 116) grew 20.3% YoY.
Network Expansion
The company continued its aggressive expansion, adding 114 net stores during the quarter. The total network count reached 3,594 stores as of December 31, 2025.
- India added a net of 78 stores QoQ.
- International operations added 36 stores net QoQ (15 Domino’s and 18 COFFY in Turkey).
Standalone Performance Summary (India Focus)
The standalone results, primarily reflecting the India business, highlighted strong operational efficiency improvements. Reported EBITDA margin expanded significantly, growing 109 bps YoY and 111 bps QoQ to reach 20.5%.
- Standalone Revenue grew 11.8% YoY to Rs. 18,015 mn.
- Standalone PAT (before exceptional items) grew 27.4% YoY to Rs. 793 mn.
- Domino’s in India achieved 8 consecutive quarters of positive Like-for-Like (LFL) growth, with LFL growth at 5.0% YoY in Q3FY26.
Segment Deep Dive: India
The India segment demonstrated steady growth across key areas:
- Domino’s India revenue grew 10.7% YoY, supported by 5% YoY LFL growth and 9.6% YoY order growth. Delivery channel share reached 74.9%.
- 75 Domino’s stores were added in India, expanding presence across 11 new cities, totaling 511 cities.
- Popeyes India recorded high double-digit LFL growth and added 5 stores.
- Focused capital allocation led to a reduction in finance costs as a percentage of revenue by ~37 bps YoY. The Mumbai commissary is on track to become operational by the end of Q4FY26.
Segment Deep Dive: International (Turkey & Others)
Turkey operations showed resilience amid inflation, with 66 net stores added (15 Domino’s, 18 COFFY). Revenue grew 15.0% YoY to Rs. 5,801 mn, and PAT saw massive growth of 202.0% YoY. The LFL performance for Domino’s, inflation-adjusted, stood at 6.3%.
In Sri Lanka and Bangladesh, topline growth was consistent:
- Sri Lanka Revenue grew 65.9% YoY (in INR mn).
- Bangladesh Revenue grew 26.6% YoY (in INR mn).
Technology and Innovation Focus
Technology innovation is driving user adoption on proprietary apps (Domino’s, Popeyes, Hong’s Kitchen), which saw Monthly Active Users (MAU) grow 28% YoY to 17.0 million. The company also monetized the post-order screen through dynamic carousels and static ads, featuring clients like Flipkart, Toyota, and Tanishq.
Menu innovation featured the introduction of the Cheese Lava Pull Apart Pizza in India and 7 Flavor Burst Burgers for Popeyes. International markets launched new items like İkonix Pizza and focused on youth-centric campaigns during the quarter.
Source: BSE
