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JUBLFOOD - Jubilant Food.

📊 NSE: JUBLFOOD 🏢 Hotels 📅 Last Updated: 12/14/2025 8:42

📢 Recent Corporate Announcements

Jubilant FoodWorks Commences Production at New Raigad Supply Chain Centre

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 11 Mar 2026, 05:30 PM

Jubilant FoodWorks Limited has officially commenced commercial production at its new Supply Chain Centre/Commissary in Raigad, Maharashtra, as of March 11, 2026. Located in the Patalganga MIDC area, this facility is strategically positioned to enhance the company's logistics and distribution efficiency for its restaurant brands. The operationalization of this center is expected to support store expansion and improve delivery timelines in the Western region. This infrastructure investment underscores the company's commitment to strengthening its back-end supply chain to maintain product quality and operational margins.

Commencement of commercial production at the Raigad, Maharashtra commissary on March 11, 2026
Facility located at Plot No. A2, Isambe Industrial Area, Patalganga MIDC, Tal. Khalapur
New Supply Chain Centre designed to bolster logistics and distribution capabilities for the Western market
Expansion supports the operational scaling of brands like Domino's Pizza, Dunkin', and Popeyes

💡 Investors should view this as a positive development for long-term operational efficiency and margin protection. Monitor management commentary in upcoming earnings calls for the expected impact on logistics costs and regional store growth targets.

Jubilant FoodWorks Completes Sale of Entire 31.66% Stake in Hashtag Loyalty

🟡 NEUTRAL ⭐ 6/10

M&A 📅 20 Feb 2026, 05:52 PM

Jubilant FoodWorks Limited has officially completed the divestment of its entire 31.66% stake in Hashtag Loyalty Private Ltd. The transaction was finalized on February 20, 2026, following a share purchase agreement signed with founder Karan Chechani in December 2025. Consequently, Hashtag Loyalty has ceased to be an associate company of Jubilant FoodWorks. This exit reflects the company's strategy to streamline its investment portfolio and focus on core operations.

Successfully completed the sale of 31.66% equity stake in Hashtag Loyalty Private Ltd.
The transaction was executed with Mr. Karan Chechani, one of the original founders of Hashtag.
Hashtag Loyalty ceased to be an associate company effective February 20, 2026.
The divestment follows the initial execution of the share purchase agreement on December 29, 2025.

💡 Investors should note this as a strategic exit from a non-core associate investment. Monitor upcoming quarterly results for any realized gains or losses from this transaction.

Jubilant Foodworks' Commercial Paper Rating Reaffirmed at CRISIL A1+; Limit Doubled to ₹200 Cr

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 19 Feb 2026, 06:51 PM

CRISIL has reaffirmed the 'CRISIL A1+' rating for Jubilant Foodworks' Commercial Paper program as of February 19, 2026. Significantly, the rated amount for this instrument has been enhanced from INR 100 crore to INR 200 crore. This reaffirmation at the highest possible short-term rating level underscores the company's robust liquidity and strong credit profile. The increased limit provides the company with greater flexibility for short-term funding requirements and working capital management.

CRISIL reaffirmed the 'CRISIL A1+' rating for the company's Commercial Paper program.
The total rated amount for the instrument was doubled from INR 100 Crore to INR 200 Crore.
The rating action reflects strong financial health and the highest degree of safety regarding timely payment of debt.
The enhancement in the borrowing limit suggests increased capacity for short-term liquidity if required for operations.

💡 The reaffirmation of the highest credit rating is a positive indicator of financial stability. Investors should view this as a sign of strong creditworthiness and efficient liquidity management.

Jubilant FoodWorks to Attend Kotak Chasing Growth-2026 Investor Conference on Feb 24

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 19 Feb 2026, 05:27 PM

Jubilant FoodWorks Limited (JUBLFOOD) has announced its participation in the 'Kotak Chasing Growth-2026' institutional investor conference. The event is scheduled for February 24, 2026, in Mumbai and will involve the company's Key Managerial Personnel (KMP). The interaction will include both one-on-one and group meetings with institutional investors. This is a routine disclosure under SEBI Listing Regulations aimed at maintaining transparency with the investment community.

Participation in Kotak Chasing Growth-2026 conference scheduled for February 24, 2026.
Meetings to be conducted in Mumbai in both one-on-one and group formats.
Key Managerial Personnel (KMP) including the CFO to represent the company at the event.
Disclosure submitted in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

💡 No immediate action is required as this is a routine investor relations activity. Investors should monitor for any investor presentations or management commentary released following the conference.

Jubilant Foodworks Q3 FY26: Consolidated Revenue Up 13.3%, EBITDA Grows 20% YoY

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 16 Feb 2026, 06:36 PM

Jubilant Foodworks reported a robust Q3 FY26 with consolidated revenue reaching ₹24.4 billion, a 13.3% YoY increase. Domino's India maintained positive momentum with 5% LFL growth on a high base, while India EBITDA margins expanded by 110 bps to 20.5%. The company aggressively expanded its network by adding 114 stores during the quarter, bringing the total count to nearly 3,600. Management highlighted that the Turkey business is now self-sustaining and servicing its acquisition debt through internal cash flows.

Consolidated revenue grew 13.3% YoY to ₹24.4 billion with a 20% increase in reported EBITDA.
Domino's India achieved 5% LFL growth and 10.7% revenue growth, supported by 10% order growth.
Added 114 stores in Q3 across brands, reaching a total network of approximately 3,600 stores globally.
India gross margins expanded 52 bps sequentially to 74.9% despite inflation in dairy, oil, and flour.
Popeyes delivered high double-digit LFL growth for the second consecutive quarter, reaching 73 stores.

💡 Investors should note the successful margin expansion and the self-sustainability of international operations as key valuation drivers. The company's ability to maintain 5% LFL growth on a high base suggests strong brand resilience and effective product innovation.

Jubilant Foodworks Releases Audio Recording for Q3FY26 Earnings Conference Call

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 10 Feb 2026, 07:26 PM

Jubilant Foodworks has officially released the audio recording of its earnings conference call held on February 10, 2026. The call focused on the company's financial performance for the third quarter and nine-month period of FY26. This disclosure is a standard regulatory requirement under SEBI Listing Obligations and Disclosure Requirements (LODR). Investors can now access the management's detailed commentary and responses to analyst queries via the company's investor relations portal.

Audio recording of the Q3FY26 and 9MFY26 earnings call is now available for public access.
The conference call was conducted on February 10, 2026, following the results announcement.
Compliance filing made under Regulation 30 of SEBI (LODR) Regulations, 2015.
The recording provides insights into management's perspective on the company's quarterly performance.

💡 Investors should listen to the recording to understand management's outlook on raw material inflation and store expansion plans. This is a routine administrative update and does not require any immediate change in investment stance.

Jubilant Foodworks Q3FY26: Consolidated PAT Jumps 94% YoY; EBITDA Margins Expand to 19.8%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Feb 2026, 04:25 PM

Jubilant Foodworks reported a strong Q3FY26 with consolidated revenue growing 13.3% YoY to Rs. 24,372 mn. Profitability saw a significant boost as consolidated PAT (before exceptional items) surged 93.9% to Rs. 981 mn, driven by margin expansion and robust international performance. The company added 114 stores globally during the quarter, bringing the total network to 3,594 stores. Domino's India maintained momentum with its 8th consecutive quarter of positive Like-for-Like (LFL) growth at 5%.

Consolidated EBITDA grew 20% YoY to Rs. 4,823 mn with margins expanding 110 bps to 19.8%.
Domino's India recorded 5% LFL growth and 9.6% order growth, with delivery contributing 74.9% of the sales mix.
International segment (Turkey) showed robust performance with revenue of Rs. 5,801 mn and PAT growth of 202% YoY.
Network expansion continued with 114 net store additions in Q3, including 75 Domino's stores in India.
Standalone PAT (before exceptional) grew 27.4% YoY to Rs. 793 mn, supported by a 121 bps QoQ expansion in EBITDA margins.

💡 Investors should take note of the strong margin recovery and consistent LFL growth in the core India business. The turnaround in international operations and successful scaling of newer brands like Popeyes strengthen the long-term growth outlook.

Jubilant Foodworks Q3FY26: Consolidated PAT Surges 93.9% YoY to Rs. 981 Million

🟢 POSITIVE ⭐ 9/10

EARNINGS 📅 10 Feb 2026, 04:22 PM

Jubilant Foodworks reported a strong Q3FY26 with consolidated revenue growing 13.3% YoY to Rs. 24,372 million. Profitability saw a significant boost as PAT from continued operations jumped 93.9% to Rs. 981 million, supported by a 110 bps expansion in EBITDA margins to 19.8%. The company accelerated its expansion, adding a record 114 net new stores, bringing the total global count to 3,594. Domino's India recorded a healthy 5.0% LFL growth, while the Turkey business showed exceptional performance with PAT growing over 200% YoY.

Consolidated Revenue from operations increased 13.3% YoY to Rs. 24,372 million.
Consolidated EBITDA grew 20.0% YoY to Rs. 4,824 million with margins expanding 110 bps to 19.8%.
PAT from continued operations before exceptional items surged 93.9% YoY to Rs. 981 million.
Added 114 net new stores globally, including 75 new Domino's and 5 new Popeyes stores in India.
Domino's India reported 5.0% LFL growth and monthly transacting users reached 5.7 million, up 21% YoY.

💡 The strong margin expansion and robust LFL growth in a competitive QSR market suggest improved operational efficiency and brand strength. Investors should maintain a positive outlook while monitoring the scaling of the Popeyes brand and the sustainability of international growth.

Jubilant Foodworks Q3 FY26 Standalone PAT Rises 31.7% YoY to ₹54.1 Cr; Revenue Up 11.8%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Feb 2026, 04:19 PM

Jubilant Foodworks reported a steady performance for Q3 FY26 with standalone revenue reaching ₹1,801.5 crore, an 11.8% increase compared to the previous year. Standalone Net Profit grew significantly by 31.7% YoY to ₹54.1 crore, despite a one-time exceptional hit of ₹33.7 crore related to new Labour Code provisions. Operating margins showed resilience as Profit Before Exceptional Items grew by 37.4% YoY. The company continues to demonstrate top-line growth and operational efficiency in a competitive market.

Standalone Revenue from operations grew 11.8% YoY to ₹18,015.1 million.
Standalone Net Profit (PAT) increased by 31.7% YoY to ₹540.8 million.
Recognized a one-time exceptional charge of ₹337.04 million due to the enactment of new Labour Codes.
Profit before exceptional items and tax stood at ₹1,082.6 million, a growth of 37.4% YoY.
Basic and Diluted EPS improved to ₹0.82 from ₹0.62 in the corresponding quarter last year.

💡 Investors should focus on the strong 37% growth in operating profit before exceptional items, which indicates healthy underlying business momentum. The one-time labor code impact is non-recurring, making the core earnings performance attractive for long-term holders.

Jubilant Foodworks Grants 2.24 Lakh Stock Options Under Various ESOP Schemes

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 10 Feb 2026, 02:33 PM

Jubilant Foodworks has announced the grant of 224,148 stock options to eligible employees across three different ESOP schemes (2011, 2016, and 2025). The options under the 2011 scheme are priced at a market-linked rate of Rs. 548, while the 2016 and 2025 schemes are priced at a nominal face value of Rs. 2 per share. These options will vest over a period of one to three years, depending on the specific scheme and fulfillment of pre-vesting conditions. This move is a standard corporate practice aimed at talent retention and aligning employee interests with long-term shareholder value.

Total of 224,148 stock options granted to eligible employees on February 10, 2026
83,645 options under ESOP 2011 granted at an exercise price of Rs. 548 per share
140,503 options under ESOP 2016 and ESOP 2025 granted at a nominal price of Rs. 2 per share
Vesting schedule for ESOP 2011 follows a 20%/30%/50% split over three years
Each option is convertible into one equity share of face value Rs. 2

💡 This is a routine administrative update with minimal impact on the company's financials or share capital dilution. No immediate action is required from investors.

Jubilant Foodworks Wins ITAT Appeal Quashing ₹190.21 Crore Tax Demand

🟢 POSITIVE ⭐ 7/10

LEGAL 📅 06 Feb 2026, 01:51 PM

Jubilant Foodworks has received a favorable order from the Income Tax Appellate Tribunal (ITAT) regarding a tax dispute for FY 2020-21. The ITAT has declared the assessment order void ab initio on the grounds of being time-barred, effectively quashing the pending tax demand. This demand was previously reduced from ₹216.19 Crores to ₹190.21 Crores following a rectification order in December 2025. While the tax department may seek further legal remedies, this ruling significantly reduces the company's contingent liabilities.

ITAT declared the FY 2020-21 assessment order void ab initio as it was time-barred.
The ruling effectively removes a tax demand of ₹190.21 Crores.
The initial tax demand for the period was ₹216.19 Crores before a prior rectification.
The favorable outcome is subject to further appellate remedies available to the Income Tax Department.

💡 This is a positive development that removes a significant legal and financial overhang for the company. Investors should remain aware of any potential appeals by the tax department in higher courts.

Jubilant Foodworks to Announce Q3FY26 Results and Host Earnings Call on February 10, 2026

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 03 Feb 2026, 04:56 PM

Jubilant Foodworks Limited has scheduled its board meeting and subsequent earnings conference call for February 10, 2026, to discuss Q3FY26 and 9MFY26 financial results. The conference call is set for 17:30 IST following the results announcement. This is a standard regulatory filing providing the dial-in details for analysts and institutional investors. The call will offer insights into the company's operational performance and future outlook in the QSR segment.

Q3FY26 and 9MFY26 financial results to be announced on February 10, 2026
Earnings conference call scheduled for 17:30 IST on the same day
Universal dial-in numbers provided are +91 22 6280 1818 and +91 22 7115 8275
International toll-free numbers available for USA, UK, Singapore, and Hong Kong
Pre-registration link provided for participants to bypass the operator queue

💡 Investors should mark February 10 on their calendars to track the company's quarterly performance and management commentary on demand trends. Key metrics to watch will be Same-Store Sales Growth (SSSG) and EBITDA margins.

Jubilant Foodworks Faces ₹169.59 Crore Income Tax Demand for FY 2021-22

🔵 WATCH ⭐ 6/10

LEGAL 📅 01 Feb 2026, 01:40 PM

Jubilant Foodworks Limited has received an assessment order from the Income Tax Department for the Financial Year 2021-22, raising a tax demand of ₹169.59 Crores. The demand is primarily related to transfer pricing adjustments and the disallowance of certain expenses, which the company claims are based on mistakes in the record. The company is currently filing for rectification and an appeal before the Income Tax Appellate Tribunal. Management expects the demand to be overturned and does not anticipate any material financial impact on the company's operations.

Income Tax Department raised a demand of ₹169.59 Crores for FY 2021-22.
The demand involves transfer pricing adjustments and disallowance of specific expenses.
Company is initiating a rectification application and an appeal before the ITAT.
Management believes the order ignores their contentions and expects the demand to be deleted.
No material financial implications are currently anticipated by the company.

💡 Investors should monitor the progress of the tax appeal, as the demand amount is significant. However, given the company's intent to contest and its expectation of no material impact, no immediate action is required.

Jubilant Foodworks Q3FY26 Update: Consolidated Revenue Up 13.4%, India LFL Growth at 5.0%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 06 Jan 2026, 07:42 PM

Jubilant Foodworks reported a robust Q3FY26 business update with consolidated revenue growing 13.4% YoY to Rs. 24,387 million. The company's core Domino's India operations recorded a healthy Like-for-Like (LFL) growth of 5.0%, while Turkey operations saw 6.3% LFL growth. Aggressive expansion continued with the addition of 114 net stores globally, including 75 new stores in India alone. This brings the total group network to 3,594 stores, signaling strong market penetration and scale.

Consolidated revenue from operations increased by 13.4% YoY to Rs. 24,387 million.
Domino's India recorded a positive Like-for-Like (LFL) growth of 5.0% for the quarter.
Net addition of 114 stores across the group network, taking the total count to 3,594.
Domino's India network reached 2,396 stores with 75 new store additions in Q3.
Standalone revenue from operations grew 11.8% YoY to reach Rs. 18,015 million.

💡 The 5% LFL growth in India suggests a recovery in QSR demand; investors should hold for the full earnings report to assess margin impacts from aggressive store expansion.

Jubilant FoodWorks to Exit Hashtag Loyalty with Sale of 31.66% Stake for Nominal Sum

🟡 NEUTRAL ⭐ 3/10

M&A 📅 29 Dec 2025, 09:08 PM

Jubilant FoodWorks Limited (JUBLFOOD) has executed a Share Purchase Agreement to sell its entire 31.66% stake in its associate company, Hashtag Loyalty Private Ltd. The stake is being sold to one of the founders, Mr. Karan Chechani, for a nominal total consideration of Rs. 6,415.94. This divestment follows the discontinuance of Hashtag's business operations and a full impairment of the investment already recorded by Jubilant in FY 2024-25. Post-transaction, Hashtag will cease to be an associate of the company.

Sale of entire 31.66% stake in associate company Hashtag Loyalty Private Ltd.
Total consideration for the transaction is a nominal amount of Rs. 6,415.94.
Investment was already fully impaired in the previous financial year (FY 2024-25).
Hashtag Loyalty contributed Nil to the consolidated revenue and net worth of JUBLFOOD in FY 2024-25.
The transaction is expected to be completed on or before February 12, 2026.

💡 This is a routine administrative exit from a non-performing associate company that has already been written off. Investors should treat this as a neutral event with no material impact on the company's financials or valuation.

View All JUBLFOOD Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue from operations grew 19.7% YoY to INR 2,340.2 Cr in Q2 FY26. Domino's India revenue increased 15.5% YoY to INR 1,700 Cr, while Turkey (DP Eurasia) reported INR 590 Cr. Sri Lanka revenue surged 86.1% YoY to INR 31.7 Cr and Bangladesh grew 54.1% YoY to INR 19.4 Cr.

Geographic Revenue Split

India remains the dominant market contributing approximately 72.6% of consolidated revenue (INR 1,700 Cr out of INR 2,340.2 Cr). Turkey and other international markets (Bangladesh, Sri Lanka, Azerbaijan, Georgia) contribute the remaining 27.4%.

Profitability Margins

Consolidated PAT margin expanded by 104 bps YoY to 4.7% in Q2 FY26. Turkey business maintains a high PAT margin of 10.4%. Standalone pre-IndAS EBITDA margins improved by 37 bps YoY.

EBITDA Margin

Consolidated EBITDA margin remained steady at 20.3% (INR 476.2 Cr), growing 19.5% YoY. Pre-Ind AS EBITDA margin was 13.9% (INR 324.4 Cr), up 18.5% YoY.

Capital Expenditure

Not disclosed as a total INR Cr figure, but the company added 93 net stores in Q2 FY26 and is expanding seasoning manufacturing capacity in Bangalore and insourcing Popeyes marination to drive long-term efficiency.

Credit Rating & Borrowing

CRISIL A1+ rating reaffirmed for INR 100 Cr Commercial Paper. Interest costs declined 23.5% YoY in Q2 FY26 due to efficient refinancing of Turkey acquisition debt.

⚙️ Operational Drivers

Raw Materials

Key raw materials include 100% Mozzarella cheese, seasoning (manufactured in-house), poultry (for Popeyes), flour for dough, and cooking oil.

Import Sources

Seasoning is manufactured at the Bangalore facility; Popeyes marination has been transitioned from outsourced to insourced production to improve margins.

Key Suppliers

Not specifically named, but the company is increasing vertical integration by manufacturing seasonings and marinations internally.

Capacity Expansion

Current group network stands at 3,480 stores across 6 markets. Domino's India now serves 500 cities. COFFY in Turkey has expanded to 172 cafes with 5 new additions in Q2 FY26.

Raw Material Costs

Raw material costs are managed through insourcing strategies (seasoning and marination) and scale-based sourcing. Popeyes is undergoing a massive drive to improve gross margins by controlling oil consumption and product wastage.

Manufacturing Efficiency

Adding seasoning manufacturing capacities in Bangalore and insourcing Popeyes marination to capture higher margins and ensure quality control.

Logistics & Distribution

Delivery channel revenue grew over 20% YoY, supported by a 16.5% delivery LFL growth in India following the launch of the free delivery initiative.

📈 Strategic Growth

Expected Growth Rate

8-10%

Growth Strategy

Targeting 200 bps EBITDA margin improvement over 3 years from FY24 base by reducing the 200 bps drag from emerging brands by half and achieving G&A leverage. Growth is driven by 9.1% LFL growth in Domino's India, aggressive store expansion (93 stores in Q2), and scaling the COFFY brand in Turkey.

Products & Services

Pizzas (Domino's), Fried Chicken (Popeyes), Donuts and Coffee (Dunkin'), Indo-Chinese cuisine (Hong's Kitchen), and Coffee (COFFY).

Brand Portfolio

Domino’s, Popeyes, Dunkin’, Hong’s Kitchen, COFFY.

New Products/Services

Launched Four Cheese Sourdough Pizza, Big Big Pizza, and Chicken Burst; premium products like sourdough are intended to increase ticket sizes and margins.

Market Expansion

Expanded to 500 cities in India; Turkey business is ramping up COFFY cafes (172 currently) and maintaining strong LFL growth in Domino's Turkey (5.6% inflation-adjusted).

Market Share & Ranking

Leading food-tech company in emerging markets; reported gaining market share in Q2 FY26 due to strong 9.1% LFL growth in India.

Strategic Alliances

Exclusive franchise rights for Domino's, Popeyes, and Dunkin' in specific emerging markets.

🌍 External Factors

Industry Trends

The QSR industry is shifting toward delivery-led growth (20%+ growth for JFL) and premiumization. JFL is positioning itself as a food-tech leader with 3,480 stores and a focus on delivery speed.

Competitive Landscape

Competing with global and local QSR brands; JFL is currently outperforming the market with 9.1% LFL growth in India.

Competitive Moat

Durable moat built on a massive 3,480-store network, 27 years of operational experience, 100% mozzarella cheese quality promise, and a robust integrated supply chain that competitors find difficult to replicate.

Macro Economic Sensitivity

Highly sensitive to food inflation (cheese, oil) and changes in urban disposable income. Turkey operations are sensitive to hyperinflationary trends.

Consumer Behavior

Shift toward 'free delivery' expectations and demand for premium/innovative pizza variants like sourdough.

Geopolitical Risks

Operations in Bangladesh and Sri Lanka are subject to local political and economic stability; Sri Lanka showed strong recovery with 86.1% revenue growth.

⚖️ Regulatory & Governance

Industry Regulations

Subject to food safety standards (FSSAI in India) and local municipal regulations for store operations across six countries.

Environmental Compliance

ESG profile supports credit rating; industry impact includes water consumption and waste generation management.

Taxation Policy Impact

Effective tax rate impacted by international operations; company is contesting a significant tax demand.

Legal Contingencies

Pending Income Tax rectification order demand of INR 190.21 Cr (reduced from INR 216.19 Cr). The company has filed an appeal and does not anticipate material financial implications.

⚠️ Risk Analysis

Key Uncertainties

Sustainability of LFL growth in a high-inflation environment; potential for further tax demands; and the pace of turnaround for emerging brands like Popeyes and Dunkin'.