Jubilant FoodWorks Ltd

Financial Performance

• Domino's Q1FY27 LFL: 2.5%; prior-year: 11.6%.
• Two-quarter LFL ~14.1%; simple average ~7%.
• Popeyes Q1FY27 LFL: 40%-45%; drivers: product, brand, store execution.
• Gross margin in Q1: 75.5% ( Latika reference ).
• ADS in 7 cities above INR 100K for the full quarter.
• Capex guidance FY27 reaffirmed: INR 750 crores to INR 900 crores.

Operations and Capex

• Capex mix: new-store expansion, dine-in upgrades, technology investments.
• Supply chain capex down; capex as a percentage of turnover to improve.
• Per-store personnel cost: standalone +12% YoY; consolidated +15.6% YoY.
• Store productivity improved; orders per hour up; wage headwinds moderated.
• Popeyes delivery percentage not disclosed; focus on dine-in acceleration.
• Dine-in strategy for ~2,500 neighborhood stores; 3-pillar playbook.

Guidance and Outlook

• FY27 capex guidance reaffirmed: INR 750 crores to INR 900 crores.
• Capex focus on new stores, dine-in, and technology investments.
• Capex intensity to improve with turnover growth; supply-chain capex down.
• Headwinds: LPG, cheese, oil, wage increases; pricing and efficiencies offset.
• Free cash flow positive in FY26; ROCE optimisation remains a priority.

Q&A Highlights

• Popeyes playbook: three pillars—product, brand, and store execution.
• Delivery mix for Popeyes not disclosed; dine-in salience high due to location choices.
• Domino's LFL growth remains modest in Q1FY27 on a high base.
• Pricing and efficiency balance demand growth; internal efficiencies reduce headwinds.
• DSO/inventory discipline and capex framing discussed; focus on ROI-driven investments.

Meeting Details

• Date: August 13, 2026; time not disclosed.
• Type/Mode: Conference call, group meeting conducted virtually.
• Event/Organizer: Conference call for Analysts and Investors.

Participants

• No specific management participants named.

Purpose

• Q1 FY27 results discussion with analysts and investors.

Additional Notes

• Recording: Audio recording available on the company’s website (Investor Relations section).

Resignation of Company Secretary & KMP

• Ms. Mona Aggarwal resigns as Company Secretary & Compliance Officer and KMP, effective Nov 13, 2026.
• Reason: to pursue other opportunities.
• Last working date: November 13, 2026.

Key highlights

• Letter to shareholders on Q1 FY27 results.
• Consolidated revenue ₹2,570 crore; EBITDA ₹504 crore; YoY growth 14.1% and 14.2%.
• Standalone revenue ₹1,849 crore; EBITDA ₹360 crore; YoY growth 9.2% and 10.2%.
• 76 net stores added in quarter.
• Domino's India: 2.5% LFL growth; 6.5% orders growth; delivery revenue +12.1%.
• Popeyes: revenue +97%; LFL >40% for 3 quarters; 10 new stores.
• DP Eurasia revenue +28.2%; hyperinflation accounting affects EBITDA/PAT; normalized EBITDA +29.2%.
• Inflation headwind reduced to ~20 bps via pricing and productivity.
• Store expansion guidance unchanged: target 1,000 stores across brands in FY26–28.
• Tech updates: apps MAUs 19.5m, MTUs 5.8m; YoY growth 20.6% and 13.8%.

Standalone results

• Standalone revenue from operations: INR 18,488.51 million.
• Standalone total income: INR 18,572.96 million.
• Standalone profit after tax from continuing operations: INR 727.88 million.
• EPS from continuing operations (basic and diluted): INR 1.10.

Consolidated results

• Consolidated revenue from operations: INR 25,696.54 million.
• Consolidated total income: INR 25,883.44 million.
• Consolidated profit from continuing operations: INR 1,031.95 million.
• Consolidated profit for the period: INR 1,000.28 million.
• Consolidated EPS (continuing operations): INR 1.52.
• Total comprehensive income (consolidated): INR 1,103.17 million.

Discontinued operations

• Dunkin' brand discontinued: total income INR 53.03 million.
• Dunkin' brand discontinued: net loss INR 31.67 million.
• Tax credit from discontinued operations: INR 10.65 million.

AR corrigendum

• Corrections to printing errors in notes 3(e) and 3(g) of the standalone financial statements.
• The corrections had no impact on the FY2025-26 financial statements.
• The revised Integrated Annual Report FY2025-26 is available on Jubilant FoodWorks' website.
• The corrigendum is an integral part of the AR and should be read with the earlier version.

Corrigendum details

• Printing errors were observed in notes 3(e) and 3(g) of the standalone financial statements.
• A revised Integrated Annual Report FY2025-26 has updated these notes.
• The printing errors had no impact on the financial statements for FY2025-26.
• The revised report is available on Jubilant FoodWorks' website in Investor Relations.
• The corrigendum forms part of the Integrated Annual Report and should be read with the previously circulated version.