General Updates

JFL/NSE-BSE/2026-27/68 November 6, 2026 BSE Limited National Stock Exchange of India Limited P.J. Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex Mumbai – 400001 Bandra(E), Mumbai – 400051 Scrip Code: 533155 Symbol: JUBLFOOD Sub: Letter to Shareholders on Financial Results Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) Dear Sir/ Madam, Pursuant to Regulation 30 of Listing Regulations, please find enclosed herewith letter to shareholders on Q2 and H1 FY27 financial results of the Company. The above details will also be available on the website of the Company at www.jubilantfoodworks.com under Investor Relations section. This is for your information and records. Thanking you, For Jubilant FoodWorks Limited Mona Aggarwal Company Secretary and Compliance Officer Investor E-mail id: investor@jublfood.com Encl: A/a Dear Shareholders, Q2FY27 marked further progress across our businesses, with improving operating momentum and tangible outcomes from our strategic priorities. Key highlights included sequential and year-on-year expansion in standalone EBITDA margins, a sustained recovery in Domino’s India LFL growth, over 50% LFL growth at Popeyes, and stronger than expected cash generation from operations in Turkey. Together, these achievements reflect the resilience of our businesses and the growing traction of our strategic initiatives. Consolidated revenue from operations grew 11.8% YoY to ₹2,608 crore, while EBITDA increased 7.3% to ₹513 crore. Standalone revenue from operations grew 11.5% YoY to ₹1,885 crore, with EBITDA rising 12.4% to ₹372 crore. Domino’s India recorded LFL growth of 4.1%, up from 2.5% in Q1FY27 and 0.2% in Q4FY26. Popeyes delivered its fourth consecutive quarter of 40–50% LFL growth. Across the group, JFL added 108 stores. At Domino’s India, growth was supported by sustained momentum in Delivery and early signs of recovery in Dine-In and Takeaway (DITA). Product innovation across the Maxxx range, Double Cheese Burst, Cold Coffee and Mousse has broadened our proposition and improved ticket-size. We remain focused on introducing products and formats that expand the occasions in which customers engage with the brand. Programme to turnaround the performance in DITA is gaining traction. Infrastructure upgrades have been completed in approximately 20% of identified DITA-heavy stores, while My Meal @ ₹119 has been rolled out nationally. These initiatives are laying the foundation for a more sustainable recovery in the channel. Popeyes is emerging as a meaningful second growth engine for JFL. With a presence across 25 cities and system Average Daily Sales (ADS) broadly comparable with established players in most markets, the brand is gaining scale and customer love. Gross margin expanded by 150 bps YoY. Our priority is to translate this momentum into a profitable national network, with expansion guided by store-level returns. DP Eurasia delivered healthy growth across revenue, operating profitability and PAT, with reported EBITDA margins above 20% and PAT margins consistently in the 8–10% range. The business remains accretive to JFL’s consolidated financials. We have navigated elevated input costs through procurement efficiencies, calibrated pricing, menu-mix optimisation and tighter cost controls, supporting YoY gross margin expansion. Investments in supply-chain capacity and technology are also improving productivity across stores, delivery and inventory management, creating the foundation for greater operating leverage. Our priorities remain clear: sustain disciplined execution in Domino’s India, scale Popeyes while improving unit economics, develop our international businesses and embed technology across operations. We will continue to allocate capital towards growth opportunities and revenue-generating assets, while maintaining a sharp focus on returns and long-term value creation. I wish all of you a very happy Diwali. Sameer Khetarpal CEO & MD Highlights of the quarter (1): Consolidated Revenue from operations grew by 11.8%; EBITDA grew by 7.3%; EBITDA Margin contracted YoY due to hyperinflation accounting related monetary gains/losses in DP Eurasia Standalone Revenue from operations grew by 11.5%; Gross Margin expanded by 110bps due to sourcing efficiencies; Adj. EBITDA margin expanded by 6bps YoY (1) Post reclassification of Dunkin as discontinued operations in current and prior periods (2) The group System sales for the quarter were ₹31,094Mn (3) Eurasia includes Turkey, Georgia and Azerbaijan (4) PAT of continued operations before exceptional items (5) Adjusted PAT (pre Ind AS 116) margin was 4.8% in Q2FY27 (6) Adjusted EBITDA margin is pre Ind AS 116 EBITDA margin Standalone EBITDA grew by 12.4%; EBITDA Margin expanded by 16bps; PAT margin reduced by 14bps 3,820 stores worldwide, 108 net stores added during Q2FY27 (9) (7) PAT of continued operations before exceptional items (8) Adjusted PAT (pre Ind AS 116) margin was 4.5% in Q2FY27 (9) Post reclassification of Dunkin as discontinued operations in current and prior periods. As of September 30, 2026 – Dunkin had 9 stores operating (10) Eurasia includes Turkey, Georgia and Azerbaijan Domino's India: Revenue grew 9.2% YoY with strong order growth 6.3%; LFL continued to improve sequentially. Delivery channel revenue grew 11.3% YoY and delivery mix stood at 75.8% for the quarter. The Domino's India store network reached 587 cities, while expanding to 47 new cities during the quarter Popeyes: Strong momentum continues; revenue grew 122% YoY with LFL growth of 53% and 11 new store additions in Q2 (11) Domino’s ADS and LFL are calculated for stores opened before previous financial year and after excluding split stores (computed on 1,797 stores) (12) Popeyes ADS is on system level (13) Popeyes LFL is calculated for stores opened before previous financial year DP Eurasia: Revenue grew 12.6%; EBITDA decreased YoY on account of hyperinflationary accounting adjustment Domino's inflation adjusted LFL negative due to actual inflation exceeding expected inflation Q2 LFL Growth (15) % Pre-Inflation Adjusted Inflation Adjusted (16) Domino's 28.2% -2.1% Coffy 6.5% -18.8% Sri Lanka and Bangladesh: Continue to deliver strong topline growth (14) PAT of continued operations before exceptional items (15) LFL computation in TRY (16) Inflation adjusted as per IAS 29 Consolidated Cashflow: Consolidated Free Cashflow to Firm (FCF) increased 22.2% YoY in H1FY27, growing ahead of revenue and EBITDA Standalone Cashflow: Standalone FCF increased 21.8% YoY in H1FY27, growing ahead of revenue and EBITDA. (17) Cashflow from Operations is post repayment of lease liabilities under Ind AS 116 (18) Free Cashflow to Firm = Cashflow from Operations minus net Capex on cash basis instead of accrual basis Key questions on performance and outlook: Domino's India: 1. Domino’s India LFL improved to 4.1% in Q2FY27. What drove this, and how do you see the path back to your targeted range of 5–7% in the medium-term? Domino’s India’s like-for-like (LFL) growth improved sequentially to 4.1% in Q2FY27, from 2.5% in Q1FY27 and 0.2% in Q4FY26. This improvement was driven by sustained growth in the Delivery channel and early signs of recovery in Dine-In and Takeaway (DITA). Late-night, particularly, emerged as a strong-performing day-part. Over the past 6–9 months, we have scaled our late-night offerings, with over 90% of our network now serviceable until 3 AM. This has helped us tap into an additional consumption occasion and drive incremental orders. On the BPO front, new product launches in the beverage and dessert categories during Q1FY27 helped improve attachment rates. Along with a favourable shift in menu mix, this contributed to higher BPO during the quarter. Going forward, we will continue to prioritise driving customer frequency and creating new consumption occasions through targeted, day-part-specif [Showing first 8,000 characters — download PDF for full document]