Jubilant FoodWorks Ltd — earnings calls

Jubilant FoodWorks reported Q1 FY27 like-for-like growth of 2.5% at Domino's on a high base, while Popeyes same-store growth accelerated to 45%, which management attributed to product, marketing and store-execution improvements. Gross margin came in at 75.5% despite cost headwinds from LPG, cheese, oil and labour, with management stating the quarterly EBITDA margin impact was contained to 20 bps versus an expected 200 bps of gross headwinds. Management also discussed capex guidance, dine-in initiatives for Domino's, and the minimum order value reduction to Rs 99 across the industry.

Jubilant FoodWorks management discussed Q4 FY26 performance, noting like-for-like growth of 0.2% for the quarter and a two-year CAGR closer to 7% on an annual basis, with dine-in and takeaway cited as the primary weak spot. Management attributed part of the average order value decline to a deliberate reduction in minimum order value from Rs 149 to Rs 99 to match competitors and gain market share. Executives also detailed cost pressures from energy, labor and commodity inflation, alongside a 100 basis point gross margin improvement to 75.5% driven by wastage reduction, premium product launches and calibrated price increases.