Jubilant Foodworks LimitedQ1 FY27 Results & Financial Update
Jubilant Foodworks Limited: Q1 FY27 consolidated results and company financials – revenue ₹2,569.65 Cr, PAT ₹100.03 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Jubilant Foodworks Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Profit after tax was ₹100.03 Cr for the reported quarter. EPS was ₹1.47 for the reported quarter.
Jubilant FoodWorks reported a standalone personnel cost increase of 12% year-over-year and a 15.6% increase on a consolidated basis, while maintaining overall like-for-like growth at 2.5% on a high base.
Popeyes has emerged as a major second growth engine for the company, delivering a 40% to 45% like-for-like growth rate driven by superior marination, fresh chicken, supply chain strength, culinary innovation across six flavors of chicken wings, and disciplined store execution.
Despite healthy gross margins of 75.5%, the company faced cost headwinds from LPG (a 120 bps impact in the prior quarter), minimum wage hikes across 14 to 15 states, new labor code notifications, and inflation in imported oil, cheese, and chicken.
During the quarter ended 30 June 2026, Jubilant Foodworks reported consolidated revenue from operations of INR 2,569.65 crore.
Total income for the period stood at INR 2,588.34 crore, which includes other income of INR 18.69 crore.
The company registered a profit before tax (PBT) of INR 147.25 crore for Q1 FY27.
01 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹2,569.65 Cr |
| Total income | ₹2,588.34 Cr |
| Profit before tax | ₹147.25 Cr |
| Profit after tax | ₹100.03 Cr |
| EPS | ₹1.47 |
02 · Why it moved
Why the quarter looked the way it did
What drove margins
Management stated a willingness to enact further calibrated price increases if raw material inflation and external cost pressures intensify, prioritizing P&L stability while maintaining value leadership.
The company implemented calibrated price increases of 1% to 2% and leveraged internal cost efficiencies, wastage reduction, and supply chain savings to restrict net cost headwind impact to approximately 20 bps.
Management remains confident in its target of achieving 200 bps in EBITDA margin expansion, split evenly between Domino's and emerging brands.
03 · Demand, customers & order book
Where demand is coming from
Management noted strong underlying demand indicators supported by protein preferences and broad consumption metrics, with delivery remaining a strong and growing channel.
Solo dining occasions under INR250 saw the maximum drop due to lower minimum order value thresholds established across delivery channels.
04 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Capital expenditure for the full year is projected to remain in the range of INR750 crores to INR900 crores, increasingly indexed toward new store expansion for Domino's and Popeyes, existing store enhancements, and technology investments.
Supply chain investments are materially down from previous years following the commissioning of major infrastructure such as the Mumbai food factory in March, shifting focus toward asset utilization.
05 · Reported developments
What changed operationally
Popeyes achieved 40%-45% growth rates, with seven cities recording average daily sales above 100K for the full quarter.
Early results from a dedicated dine-in channel strategy—including structured store segmentation, speed-of-service tracking, and 'Best Deals Ever Wednesday' promotions—have successfully reversed negative trends in dine-in traffic.
06 · Pressure points & risks
What is not going smoothly
Persistent external headwinds include high LPG prices, increased labor costs from minimum wage revisions, and rising inflation in key commodities such as cheese and imported cooking oils.
Matching aggregator minimum order value drops down to Rs. 99 and Rs. 49 resulted in lower average order values, increasing the variable delivery cost burden relative to ticket size.
07 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
After a dip in free cash flows during FY24-FY25, the company delivered a strongly free-cash-flow-positive performance in FY26 and expects operating cash flows to rise alongside double-digit revenue growth.
08 · Management guidance & targets
What management is targeting from here
Management reaffirmed its prior EBITDA margin expansion targets supported by scale efficiencies in Popeyes and structural cost reductions despite ongoing macroeconomic cost pressures.
Management targets maintaining a long-term like-for-like growth band of 5% to 7% as historical bases normalize, anticipating Q2 FY27 performance to surpass Q1 FY27.
09 · Management call deep dive
What management said on the conference call
Operating takeaways
10 key pointsManagement reaffirmed its prior EBITDA margin expansion targets supported by scale efficiencies in Popeyes and structural cost reductions despite ongoing macroeconomic cost pressures.
Management stated a willingness to enact further calibrated price increases if raw material inflation and external cost pressures intensify, prioritizing P&L stability while maintaining value leadership.
Management noted strong underlying demand indicators supported by protein preferences and broad consumption metrics, with delivery remaining a strong and growing channel.
Solo dining occasions under INR250 saw the maximum drop due to lower minimum order value thresholds established across delivery channels.
Capital expenditure for the full year is projected to remain in the range of INR750 crores to INR900 crores, increasingly indexed toward new store expansion for Domino's and Popeyes, existing store enhancements, and technology investments.
Supply chain investments are materially down from previous years following the commissioning of major infrastructure such as the Mumbai food factory in March, shifting focus toward asset utilization.
The company implemented calibrated price increases of 1% to 2% and leveraged internal cost efficiencies, wastage reduction, and supply chain savings to restrict net cost headwind impact to approximately 20 bps.
Management remains confident in its target of achieving 200 bps in EBITDA margin expansion, split evenly between Domino's and emerging brands.
After a dip in free cash flows during FY24-FY25, the company delivered a strongly free-cash-flow-positive performance in FY26 and expects operating cash flows to rise alongside double-digit revenue growth.
Management targets maintaining a long-term like-for-like growth band of 5% to 7% as historical bases normalize, anticipating Q2 FY27 performance to surpass Q1 FY27.
Important analyst Q&A
2 key pointsSameer Khetarpal attributed Popeyes' 45% LFL growth to superior marination, fresh chicken quality, robust supply chain execution, diverse culinary options featuring six wing flavors, and disciplined store openings.
Management explained that matching competitor minimum order value drops to INR99 was a necessary defensive correction that protects customer acquisition channels despite putting pressure on average order values and delivery cost ratios.
10 · Key Q&A
The quarter, answered directly
What is the clearest takeaway from Q1 FY27?
Profit after tax was ₹100.03 Cr for the reported quarter. EPS was ₹1.47 for the reported quarter.
What drove revenue or demand?
Management noted strong underlying demand indicators supported by protein preferences and broad consumption metrics, with delivery remaining a strong and growing channel.
What mattered most for margins or profitability?
Management stated a willingness to enact further calibrated price increases if raw material inflation and external cost pressures intensify, prioritizing P&L stability while maintaining value leadership.
What changed operationally beyond the headline numbers?
Capital expenditure for the full year is projected to remain in the range of INR750 crores to INR900 crores, increasingly indexed toward new store expansion for Domino's and Popeyes, existing store enhancements, and technology investments.
What is management guiding or targeting from here?
Management reaffirmed its prior EBITDA margin expansion targets supported by scale efficiencies in Popeyes and structural cost reductions despite ongoing macroeconomic cost pressures.
What are the main pressure points disclosed for the quarter?
Persistent external headwinds include high LPG prices, increased labor costs from minimum wage revisions, and rising inflation in key commodities such as cheese and imported cooking oils.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Future Financial Disclosures: Monitor subsequent quarterly filings to evaluate trends in revenue growth, margin expansion, and operational performance.
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