Jubilant FoodWorks announced robust Q3 FY26 results, highlighting a 20.0% YoY growth in Reported EBITDA and a 93.9% YoY surge in PAT (before exceptional items). The company detailed significant growth in its proprietary app user base, with 17.0 million MAUs and 5.7 million MTUs. Strategic investments in supply chain and technology continue to yield returns, while international markets, especially Turkey, show stabilizing metrics amid inflation adjustments.
Q3 FY26 Performance Highlights (Consolidated)
Jubilant FoodWorks delivered strong consolidated performance for Q3 FY26. Reported EBITDA grew by 20.0% YoY, reaching Rs. 4,824 mn, with the margin expanding by 110 bps to 19.8%. Profit After Tax (PAT) from continued operations before exceptional items saw a massive surge of 93.9% YoY, totaling Rs. 981 mn.
Overall System Sales stood at Rs. 28,020 mn, reflecting a 16.3% YoY increase. The total network expanded by 334 stores YoY, concluding the quarter at 3,594 stores.
Standalone India Performance Driving Margins
The India standalone segment demonstrated significant operational leverage. Reported EBITDA margin expanded by 109 bps YoY to reach 20.5%. Network strength in India reached 2,528 stores.
Domino’s in India maintained its momentum, achieving 8 consecutive quarters of positive Like-for-Like (LFL) Growth. Q3 FY26 LFL growth stood at 5.0% YoY. Revenue for the standalone business grew 11.8% YoY to Rs. 18,015 mn.
Virtuous Growth Through Tech Capabilities
The company emphasized its Virtuous Multidimensional Growth Flywheel, driven by industry-leading technology. Own-app ordering is a key differentiator, boasting 15 million active users per month (MAUs across owned apps reached 17.0 Mn in Q3 FY26). Domino’s retains its position as the only D2C brand with approximately 70% of orders through its own apps.
Strategic focus areas include expanding the share of occasions via product innovation (e.g., Cheese Volcano, Chicken Feast) and capitalizing on the massive headroom in the Indian QSR market, where the store count could mushroom up to 6X based on Thailand’s per capita income levels.
Growth in Emerging Brands and International Markets
Popeyes is positioned for aggressive growth, aiming for a ~250 store footprint and Rs. 1,000 Cr revenue in 3-4 years, with 73 stores operational as of December 2025.
International operations, particularly in Turkey (which includes operations in Azerbaijan and Georgia), showed signs of stability. Turkey revenue grew 15.0% YoY (in INR terms). Management highlighted that the finance cost in Turkey was reduced by 59% YoY due to refinancing debt from Turkish Lira to Euro, signaling stabilization.
Sri Lanka and Bangladesh also delivered strong topline growth, with Sri Lanka revenue up 65.9% YoY and Bangladesh revenue up 26.6% YoY.
Near-Term Priorities
The company outlined five key priorities for the immediate future:
- Innovate within the Domino’s product portfolio and expand share of occasions.
- Enhance customer experience through technology, product quality, and service.
- Focus on improving productivity at stores and commissaries to fuel growth.
- Opportunistic addition of the next 100-150 Popeyes stores.
- Reduce Emerging business units drag on margins by focusing on unit economics.
Source: BSE
