Jubilant FoodWorks Q3 Profit Soars 65% on Domino's Growth

Jubilant FoodWorks Ltd, the operator of Domino's Pizza and Popeyes in India, announced a robust performance for the third quarter ending December 31, 2025. The company posted significant growth in revenue and a substantial jump in net profit, signaling strong operational momentum driven by its core brands and international ventures. The results, declared on February 10, 2026, reflect a healthy recovery in demand and successful strategic initiatives.

Stellar Financial Performance in Q3

The company's consolidated financial figures for the quarter were impressive. Revenue from operations climbed 13.3% year-on-year, reaching ₹2,437 crore. This top-line growth was complemented by improved profitability. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) saw a 20.2% increase to ₹482.8 crore. A key highlight was the expansion of the EBITDA margin, which improved to 19.8% from 18.7% in the same quarter of the previous year, indicating enhanced operational efficiency. The most significant leap was in the bottom line, with consolidated net profit soaring by 65.3% year-on-year to ₹70.9 crore.

Key Financial Metrics for Q3 FY26

Domino's Drives Domestic Growth

The India business remained the cornerstone of Jubilant's performance, with revenue from operations growing 11.8% to ₹1,801.5 crore. This growth was largely powered by Domino's, which recorded a healthy like-for-like (LFL) growth of 5%. The LFL metric, which measures growth from stores open for at least a year, is a crucial indicator of brand health and consumer demand. The performance suggests that Domino's has successfully navigated a competitive market, retaining and growing its customer base.

Popeyes and Menu Innovation Add Flavor

Beyond Domino's, the company's newer brand, Popeyes, continued its strong trajectory, posting high double-digit growth. This indicates successful brand adoption and expansion in the Indian market. Jubilant's focus on menu innovation also played a vital role in engaging customers. The launch of the Cheese Lava Pull Apart Pizza at Domino’s and the nationwide rollout of Flavour Burst Burgers at Popeyes were key initiatives that supported customer traction during the festive quarter.

Aggressive Network Expansion Continues

Jubilant FoodWorks maintained its aggressive expansion strategy. On a consolidated basis, the company added 114 net new stores in Q3, marking the highest quarterly addition in the last four quarters. This brings its total global network to 3,594 stores. In India, 78 net new stores were opened, including 75 Domino’s outlets and five Popeyes restaurants. The total store count in India now stands at 2,528, reinforcing the company's extensive physical presence across the country.

International Business Delivers Strong Results

The company's international operations have become a significant contributor to its overall growth. The business in Turkey continued its strong performance, with revenue increasing by 15% year-on-year to ₹580.1 crore. The company also noted that the Turkey operations are now self-sufficient, servicing acquisition-related debt through their own internal cash generation. Furthermore, the businesses in Sri Lanka and Bangladesh also reported continued growth, showcasing a well-rounded international performance.

Digital Engagement on the Rise

Jubilant's focus on its digital channels is yielding positive results. The company reported that the number of monthly transacting users on its proprietary apps grew by 21% year-on-year, reaching 5.7 million. This enhanced digital engagement was a key factor in the company achieving its highest-ever sales in the month of December, demonstrating the success of its food-tech platform strategy.

Management's Confident Outlook

The company's leadership expressed confidence in the quarterly performance. Chairman Shyam S. Bhartia and Co-Chairman Hari S. Bhartia highlighted the margin improvement across all levels and the meaningful contribution from international operations. CEO and Managing Director Sameer Khetarpal pointed to Domino’s delivering industry-leading LFL growth and the sustained high growth of Popeyes. This commentary suggests a positive outlook based on the current strategic direction.

Market Reaction

Ahead of the strong earnings announcement, the market seemed optimistic. Shares of Jubilant FoodWorks closed 1.34% higher at ₹555.70 on the National Stock Exchange on the day the results were declared.

Conclusion

Jubilant FoodWorks' third-quarter results for fiscal year 2026 demonstrate a company firing on multiple cylinders. The robust recovery in Domino's LFL growth, the rapid expansion of Popeyes, strong performance in international markets like Turkey, and a successful digital strategy have collectively driven significant growth in revenue and profit. With continued store expansion and a focus on innovation, the company appears well-positioned to sustain its growth momentum in the coming quarters.