Q1 2026 Jubilant Foodworks Ltd Earnings Call Transcript
Key Points
- Jubilant Foodworks Ltd (BOM:533155) reported a strong start to FY26 with a 17% year-on-year growth in consolidated revenue, reaching INR2,260 crores.
- The company added 71 net new stores during the quarter, expanding its total network to 3,387 stores across various countries.
- Domino's India achieved an impressive 17.7% revenue growth, driven by 17.3% order growth and 11.6% like-for-like growth.
- The company's digital ecosystem is scaling effectively, with monthly active users up 21.5% year on year and app installs increasing by 19.4%.
- Jubilant Foodworks Ltd (BOM:533155) is seeing strong performance in its Turkey business, generating healthy free cash flows and strong profitability despite a high inflation environment.
- Gross margins dipped due to a deliberate value-led pricing mix shift and the extended IPL season, impacting profitability.
- Despite strong revenue growth, the company's standalone PAT has shown a decline over a three-year period, indicating challenges in translating top-line growth to bottom-line improvements.
- The company has not taken significant price hikes in the past 2.5 years, which could impact profitability if inflationary pressures increase.
- There is a divergence in growth between delivery and dine-in channels, with delivery significantly outpacing dine-in, which could affect overall customer experience and profitability.
- The company's emerging formats, such as Popeyes, are still in the investment phase, contributing to a drag on overall margins.
Ladies and gentlemen, good day, and welcome to the Q1 FY26 earnings conference call, hosted by Jubilant FoodWorks Limited. (Operator Instructions)
I now hand the conference over to Mr. Baldev Mall from Jubilant FoodWorks Limited. Thank you, and over to you, sir.
Thank you so much, Nirav. Welcome to Jubilant FoodWorks quarter-one FY26 earnings call for investors and analysts. We are joined today by senior members of the management team, including our Chairman, Mr. Shyam Bhartia; our Co-Chairman, Mr. Hari Bhartia; our CEO and MD, Mr. Sameer Khetarpal; our CEO, Turkey Business, Mr. Aslan Saranga; and our CFO, Ms. Suman Hegde.
We will commence with key thoughts from our Co-Chairman and then turn to our CEO and MD --
Sorry to interrupt you. We are losing your audio.
Can you speak a little louder?
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