The call ran from 5:01 PM to 5:44 PM IST (44 min).
Key takeaways
Overall revenue grew this quarter for the first time recently. Domino's LFL is still negative, which management attributes to Turkey inflation accounting. Management is evasive on demand and LFL, and margin levers are not yet delivered.
| Revenue growth | Overall revenue grew this quarter, first time recently; LFL negative. |
|---|---|
| Margins | Gross margin strong; 100-200bps more; store margins lag. |
| Demand visibility | Demand unclear; deflects to festive weeks, avoids India consumption view. |
| Management confidence | Defensive on LFL; confident on margins, hoping war ends. |
Growth
Overall revenue grew this quarter, a first in recent periods. Domino's transactions and store order values are rising, but reported LFL is negative due to Turkey inflation accounting. Popeyes restaurant economics are not yet at profit level.
Outlook
Full-year LFL guided at 5-7%. Further 100-200bps gross margin upside. About 400 stores to be refurbished; 150 more Popeyes stores planned.
Risks
Inflation in dairy, chicken, vegetables, and oil from monsoon and West Asia. A 200bps unplanned cost hit, with 60bps still unrecovered. Demand outlook deferred to festive-period trends.
Last quarter's promises, checked
Partly delivered
- Guided 200bps EBITDA expansion (half Domino's) → Domino's on track, Popeyes ahead, store margins lag (= PARTIAL)
- Guided pricing capacity 1.5-2% → 140-200bps taken, more possible (= PARTIAL)
- Guided Popeyes EBITDA profitability, no date → restaurant economics not yet profitable (= PARTIAL)
Missed
- Guided FY27 LFL 5-7% with Q2 above Q1's 2.5% → Q2 Domino's LFL negative, FY guide held (= MISS)
- Guided residual cost headwind 20bps post-pricing → 60bps unrecovered of 200bps hit (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Jubilant Foodworks Q2 FY27 Results: Net Profit ₹111.6 Cr, Down 42.7% YoY
Jubilant Foodworks Ltd reported revenue from operations of ₹2,608 Cr (+11.8% YoY) and net profit of ₹111.6 Cr (-42.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹111.6 Cr · -42.7% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
FY27 capex guidance maintained at INR 750-900 crores. Target of 200 bps EBITDA margin expansion over medium term.
Growth they described
Popeyes LFL growth accelerated to 45% from 9.2% YoY. Domino's reported 2.5% LFL growth on a high base.
Call details
| Company | Jubilant Foodworks Ltd |
|---|---|
| NSE symbol | JUBLFOOD |
| ISIN | INE797F01020 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 5:00 PM IST |
| Length | 44 min |
| Audio | Our stream on YouTube ↗ |
Jubilant Foodworks Ltd: key numbers
- Share price
- ₹457.20
- Market cap
- ₹30,168 Cr
- Revenue (annual)
- ₹9,513 Cr
- Net profit (annual)
- ₹428.5 Cr
- P/E (TTM)
- 69.5×Sector 46.7×
- Promoter holding
- 40.27%+0.00% QoQ
- FII holding
- 13.28%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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