India · Delayed Price · Currency is INR Jubilant FoodWorks Earnings Call Transcripts
Fiscal Year 2026
-
Market share gains and strong delivery growth offset by margin pressures from energy and labor inflation. Gross margin improved to 75.5%, but near-term margin compression is expected, with long-term growth and margin targets maintained.
-
Q3 FY26 delivered 13.3% revenue growth and 20% EBITDA growth, with strong performance across India and international markets. Gross margin and EBITDA margin expanded, driven by product innovation, pricing, and operational efficiencies. Store expansion and technology investments remain key growth drivers.
-
Q2 saw 19.7% year-on-year revenue growth, margin improvement, and strong expansion across India, Turkey, and Sri Lanka. Guidance remains for 15% annual growth and 200 bps EBITDA margin improvement over three years, with continued innovation and network expansion.
-
Q1 FY26 saw 17% revenue growth, strong digital engagement, and robust store expansion, with profitability improving despite margin pressures from innovation and competitive pricing. Management expects continued demand recovery and margin improvement, with Popeyes' drag set to halve in 12–18 months.
Fiscal Year 2025
-
FY2025 saw record growth, network expansion to over 3,300 stores, and strong EBITDA margins despite free delivery and inflationary pressures. Strategic investments, product innovation, and disciplined capital allocation underpin a positive outlook, with margin improvement and continued expansion planned.
-
Q3 FY25 saw record revenue and strong LFL growth, led by Domino's and strategic investments in technology, delivery, and new product launches. Gross margin declined due to inflation and discounting, but management targets margin improvement and continued expansion, especially in new cities and brands.
-
Q2 and H1 FY25 saw robust revenue and order growth, led by delivery, technology, and product innovation. Margins improved modestly despite delivery fee waivers, with continued store expansion and strong momentum into Q3.
-
Achieved record store expansion and strong order-led growth, with consolidated revenue up 44.8% year-on-year and robust performance in both India and Turkey. Delivery continues to outpace dine-in, supported by value initiatives and technology investments.