BSECompany Update13 Aug 2026 · 13 Aug 2026, 02:36 pm
Please find attached the letter to shareholders
Jubilant FoodWorks Ltd · 533155
✦ AI Summary▲ PositiveResults
Jubilant FoodWorks Ltd has announced its Q1 FY27 financial results, with consolidated revenue from operations growing 14.1% year-on-year to ₹2,570 crore, and EBITDA growing 14.2% year-on-year to ₹504 crore. The company has also highlighted its initiatives to drive growth, including the launch of new products and the expansion of its dine-in and take-away channel.
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Jubilant FoodWorks Ltd - 533155 - Letter To Shareholders On Financial Results For Q1 FY27
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JFL/NSE-BSE/2026-27/46 August 13, 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 Q1 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,
We have begun FY27 with a quarter that gives us confidence in the direction of our business.
Consolidated revenue from operations grew 14.1% year-on-year to ₹2,570 crore, and EBITDA grew 14.2%
year-on-year to ₹504 crore. Standalone revenue from operations grew 9.2% year-on-year to ₹1,849 crore, and
EBITDA grew 10.2% year-on-year to ₹360 crore. Domino's India delivered 6.5% order growth and 2.5% LFL
growth despite cycling a strong 11.6% LFL growth in the same quarter last year. Popeyes continued its
exceptional momentum, with revenue growth of 97% and LFL growth of over 40% for the third consecutive
quarter. Across the group, we added net 76 new stores during the quarter.
More importantly, we are beginning to see the benefits of several initiatives, as outlined at our Investor Day
last year. At Domino's India, growth is increasingly being supported by underlying order momentum. The
Delivery channel remained particularly strong, with revenue growing 12.1% year-on-year, while average
order value also improved meaningfully during the quarter vs Q4. Innovation contributed to broaden our
customer proposition, with the launch of Chicken Maxxx, Ready-to-Drink Cold Coffee and Mousse. These
initiatives are designed not simply to create new products, but to increase customer relevance, drive frequency,
and increase participation across more consumption occasions.
We are equally focused on rebuilding our Dine-In and Take-Away channel. We have established dedicated
leadership for the channel, are upgrading approximately 400 dine-in heavy stores and have introduced
propositions specifically designed to improve value perception and drive store traffic. The early indicators are
encouraging and we believe that this channel is beginning to turn the corner.
Popeyes is emerging as our second significant growth engine. The brand delivered 40%+ LFL growth for the
third consecutive quarter, and its Average Daily Sales have reached levels comparable with established
players in the category. We are increasingly confident that Popeyes can become a scaled national brand, and
we continue to see a long runway for growth in India. Our ambition is to build Popeyes into a ₹1,000 crore
brand over the next three to four years, while remaining disciplined about store expansion and returns.
We also continue to see strong underlying performance across our international businesses. DP Eurasia
delivered 28.2% revenue growth, while Sri Lanka and Bangladesh continued to grow strongly. Reported
profitability in DP Eurasia has been influenced by the accounting effects of hyperinflation this quarter;
however, on a normalized basis, the underlying operating performance remained healthy. The business in
Eurasia continues to generate cash and has upstreamed nearly ₹52 Crores in dividends to the parent entity
over the last nine months.
The quarter also demonstrated the resilience of JFL's operating model. We had previously indicated that
inflationary pressures could create a headwind of nearly 200 bps on our standalone EBITDA margin. Through
a combination of selective pricing, productivity improvements, supply-chain efficiencies, waste reduction and
greater localisation, we limited the year-on-year impact to approximately 20 bps.
We remain conscious that the consumer environment continues to demand both affordability and compelling
value. Our approach to pricing will therefore remain measured. We will use pricing selectively to protect the
structural economics of the business, while keeping customer value at the centre of our proposition.
Looking ahead, our priorities are clear. We want to strengthen Domino's in India and Turkey, scale Popeyes
and COFFY, and use technology and data to make the entire business more productive and customer centric.
We believe JFL is entering the next phase of its growth journey with a stronger portfolio, multiple engines of
growth and a business model that is becoming increasingly resilient. Our ambition is not simply to grow faster;
it is to build a stronger, more relevant and more profitable food-service platform that compounds value over
the long term.
Thank you for your continued trust and support.
Sameer Khetarpal
CEO & MD
Highlights of the quarter (1):
Consolidated Revenue from operations grew by 14.1%; EBITDA grew by 14.2%; EBITDA Margin
remained flat
Standalone Revenue from operations grew by 9.2%; Gross Margin expanded by 133bps; Adj.
EBITDA Margin grew by 7.5%
(1) Post reclassification of Dunkin as discontinued operations in current and prior periods
(2) The group System sales for the quarter were ₹30,767Mn
(3) Eurasia includes Turkey, Georgia and Azerbaijan
(4) PAT of continued operations before exceptional items
(5) Adjusted PAT (pre Ind AS 116) margin was 4.7% in Q1FY27
(6) Adjusted EBITDA margin is pre Ind AS 116 EBITDA margin
Standalone EBITDA grew by 10.2%; EBITDA Margin expanded by 18bps; PAT reduced by 1.0%
3,712 stores worldwide, 76 net stores added during the quarter (9)
(7) PAT of continued operations before exceptional items
(8) Adjusted PAT (pre Ind AS 116) margin was 4.5% in Q1FY27
(9) Post reclassification of Dunkin as discontinued operations in current and prior periods. As of June 30, 2026 – Dunkin had 15 stores operating
(10) Eurasia includes Turkey, Georgia and Azerbaijan
Domino's India: Revenue grew 7.4% with strong order growth 6.5%; LFL recovers to 2.5%. Delivery
channel revenue grew 12.1% and delivery mix stood at 76.1% for the quarter. The Domino's India
store network reached 540 cities, while expanding to 19 new cities during the quarter
Popeyes: Revenue grew 97.0%; strong LFL of 40%+ for 3 consecutive quarters; 10 new store additions
in Q1
(11) Domino’s ADS and LFL are calculated for stores opened before previous financial year and after excluding split stores (computed on 1,849 stores)
(12) Popeyes ADS is on system level
(13) Popeyes LFL is calculated for stores opened before previous financial year
DP Eurasia: Revenue grew 28.2%; PAT decreased YoY on account of hyperinflationary
accounting treatment and tax set-off received in Q1FY26
Domino's inflation adjusted LFL negative due to actual inflation exceeding expected inflation
Q1 LFL Growth (15) % Pre-Inflation Adjusted Inflation Adjusted (16)
Domino's 30.6% -1.3%
Coffy 15.6% -12.6%
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
Key questions on performance and outlook:
Domino's India:
1. What drove Domino's India’s growth in Q1FY27?
Domino's India delivered 2.5% LFL growth in Q1, on top of 11.6% in the same quarter last year,
versus 0.2% in the previous quarter. We view this as a meaningful step forward, although we believe
there is further room for improvement. Importantly, the underlying demand environment was stronger
than the LFL headline suggests. Orders grew 6.5% year-on-year, with the Delivery channel continuing
to outperform. Delivery revenue grew 12.1%, while average order value improv
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