Jubilant FoodWorks Reports 14.1% YoY Revenue Growth in Q1 FY27; Adds 76 Net Stores Across Global Network

What Happened ?

Key Details

Revenue Performance:

The company maintained healthy top-line momentum during the quarter.

• Consolidated Operations
  • Revenue from operations increased 14.1% YoY to ₹2,569.3 crore.
• Standalone Operations
  • Revenue from operations increased 9.2% YoY to ₹1,848.5 crore.
    
• The stronger consolidated growth reflects contributions from both domestic operations and international businesses.

Like-for-Like Sales Performance:

• Domino’s India
  • LFL Growth: +2.5%
• Positive comparable sales indicate continued customer demand despite an already large store base.

• Domino’s Eurasia
  • LFL Growth: -1.3%
• The decline was reported after the impact of Ind AS 29 accounting adjustments.

Store Expansion:

Jubilant FoodWorks continued its aggressive expansion strategy during Q1 FY27.

• Network Growth
  • Net stores added: 76
  • Total group stores: 3,712
    
• India
  • Stores added: 58
  • Total Domino’s India stores: 2,513
    
• Eurasia
  • Stores added: 8
  • Total Domino’s Eurasia stores: 795

The continued expansion reinforces the company’s long-term strategy of increasing market penetration while supporting future revenue growth.

Investor Relevance:

The Q1 operational update highlights three key trends:

• Double-digit consolidated revenue growth demonstrates sustained business momentum.
• Positive same-store sales in India suggest resilient consumer demand.
• Continued store additions provide a larger revenue base for future quarters, although the softer Eurasia LFL performance remains an area to monitor.

Risk Analysis

Summary:

• While India’s business continues to perform well, international operations reported negative like-for-like sales growth. Additionally, the company noted that the disclosed operational numbers are provisional and subject to limited review by statutory auditors.

Key Risks:

• Negative LFL growth in the Eurasia business.
• Profitability metrics have not yet been disclosed.
• Reported operational figures remain provisional.
• Continued execution of store expansion is essential to sustain long-term growth.

Worst Case:

• If consumer demand weakens or newly opened stores take longer to mature, revenue growth could moderate in future quarters. Persistent weakness in international markets may also weigh on consolidated performance.

Risk Level: Medium

Company Commentary

• The company reported that consolidated revenue from operations increased 14.1% year-on-year, Domino’s India achieved 2.5% like-for-like growth, and the group expanded its network by 76 net stores, taking the total store count to 3,712 at the end of the quarter.