Jubilant FoodWorks, which is the country’s largest food service operator, has sustained its topline momentum in the June quarter of FY26 (Q1FY26), it said in its business update for the period. However, select international markets including Turkey have been weak, it admitted in its latest disclosure to the stock exchanges.
The company said that consolidated revenue from operations rose 17% year-on-year to Rs 2,261.4 crore in Q1. On a standalone basis, revenue stood at Rs 1,701.6 crore, up 18.2% over the previous year.
Like-for-like (LFL) or same-store sales growth (SSG) for flagship brand Domino’s in India stood at 11.6%. But, Domino’s Turkey reported a decline of 2.2% in LFL growth, post-IAS-29 adjustments, it said.
The total store network of the Jubilant FoodWorks Group reached 3,389 by the end of the June quarter, with a net addition of 73 stores, the company said. In India, Domino’s added 61 new stores, taking the total count to 2,240. The Turkey business opened seven stores and closed one, ending with 752 stores, the company said.
Shares of Jubilant FoodWorks closed down 3.66% on the BSE on Monday to Rs 683.95 apiece in response to its weak international performance. In the last one month, the stock has fallen 1.64%, while year-to-date, it has declined 4.76% on the BSE.
Brokerages have a mixed view on the company. While Morgan Stanley has an “overweight” stance on Jubilant Foodworks, CLSA has an “underperform” rating on the company, saying that investors will be focused on profitability to judge if high LFL growth is translating to better margins in its results.
Morgan Stanley, meanwhile, said the Q1 revenue increase augurs well for the company at a time when urban consumption is recovering slowly. The brokerage also said that the company’s strong LFL growth momentum in Q1 has continued from the previous quarter (Q4FY25) when LFL growth stood at 12.1%.