Jubilant FoodWorks Q4FY25: Profit -77%, sales +35%

Why Jubilant FoodWorks results were in focus

Jubilant FoodWorks Ltd, the operator of Domino’s and Popeyes in India, reported a steep fall in consolidated profit in Q4FY25 even as revenue rose sharply. The update drew attention because the profit drop came alongside signs of softer same-store sales momentum. Separate market reports also tracked a sharp fall in the stock after weak same-store sales growth. Investors also weighed longer-term indicators, including weak multi-year profit growth and a rise in promoter pledging in one quarter.

Q4FY25 profit fell sharply even as sales rose

For Q4FY25, the company reported consolidated net profit of ₹48 crore, down 76.8% from ₹207.5 crore in Q4FY24. In the same period, net sales rose 35.3% to ₹2,130 crore from ₹1,573.7 crore. Another report put Q4FY25 net profit at ₹49.3 crore versus ₹208.24 crore a year earlier, with revenue up 33%. The mix of figures across reports still pointed to the same headline trend: profit contracted steeply, while the top line grew strongly.

Full-year FY25: sales up, profit down

For FY25, the company reported net sales of ₹8,141.7 crore, a 44% year-on-year increase. Over the same year, net profit fell 47% to ₹210.7 crore from ₹397 crore. Another report cited FY25 net profit of ₹217.12 crore versus ₹400.07 crore in FY24. Across disclosures and summaries, the consistent takeaway was that earnings did not keep pace with sales growth during FY25.

EBITDA growth came with margin compression

In Q4FY25, Jubilant FoodWorks reported group system sales of ₹2,405.4 crore. Consolidated EBITDA stood at ₹388.6 crore, up 24.8% year-on-year, with an EBITDA margin of 18.5%, down 131 basis points. On a Pre-Ind-AS-116 basis, EBITDA was ₹240.1 crore, up 23.2% year-on-year, with a margin of 11.4%, down 97 basis points.

For FY25, group system sales were reported at ₹9,322.2 crore. Consolidated EBITDA for the year was ₹1,572.2 crore, up 37.4%, with an EBITDA margin of 19.3%, down 93 basis points. Pre-Ind-AS-116 EBITDA for FY25 was ₹1,036.9 crore, up 45.7%, with a margin of 12.7%, up 15 basis points.

Exceptional base effects and analyst estimates

One market report noted that the year-ago quarter included an exceptional gain of ₹170 crore. That higher base was cited as a factor behind the sharp year-on-year profit decline. The same report said analysts tracked by Bloomberg expected net profit of ₹38.5 crore for the quarter, compared to the reported ₹48 crore.

The same source reported revenue up 33.6% to ₹2,103 crore versus ₹1,574 crore, and EBITDA up 24.7% to ₹389 crore versus ₹312 crore. Bloomberg estimates referenced there were ₹1,933 crore for revenue and ₹339 crore for EBITDA. These comparisons framed the quarter as one where operating numbers were stronger than estimates, while headline profit still fell sharply.

Same-store sales growth cooled, and the stock slid

Reuters reported that shares of Domino’s India operator Jubilant Foodworks fell 9% on Tuesday after weak same-store sales growth. The company posted 0.2% same-store sales growth for its Domino’s India stores in the fourth quarter, down from 5% growth in the prior quarter. Reuters said the shares fell as much as 8.7% to ₹421, their lowest since March 2024.

A separate market note also said the stock fell as much as 8.9% to ₹420.30 on the NSE, while the Nifty 50 was down 0.6%. That report added the stock was down 23% on a year-to-date basis. The immediate market reaction, as described in these reports, linked the sell-off to disappointment around like-for-like momentum.

FY26 business update flagged constraints affecting SSSG

Jubilant FoodWorks reported its Q4 and FY26 business update on April 7, 2026. The company’s consolidated and standalone revenue rose 19.1% and 6.2% year-on-year respectively in Q4, and 17.2% and 12.8% in FY26. It also stated that same-store sales growth was muted in India due to LPG supply constraints. That disclosure placed operational factors alongside demand as an explanation for muted same-store performance.

Longer-term risk markers highlighted in screeners

A separate “Limitations” snapshot cited poor profit growth of -23.7338753212556% over the past three years. It also cited revenue growth of 12.1211220701201% over the past three years. The same snapshot said promoter pledging increased from 0.827837978636399% to 1.35% in one quarter. These are not quarterly result items, but they are part of the broader risk checklist investors often track.

Key numbers at a glance

What to watch next

The reported numbers show a wide gap between revenue growth and profit outcomes in Q4FY25 and FY25. Investors are likely to focus on whether like-for-like growth improves from the 0.2% level cited for the quarter in the Reuters report. The FY26 business update also highlights operational constraints, with the company stating LPG supply issues affected same-store sales growth in India. Separately, screeners pointing to multi-year profit growth and higher promoter pledging can remain on investor watchlists.

Conclusion

Jubilant FoodWorks’ Q4FY25 earnings showed profit pressure despite strong sales growth, while market reports highlighted a sharp stock reaction to muted same-store sales growth. The company’s April 7, 2026 update pointed to LPG supply constraints as a factor affecting same-store momentum. Further commentary in future filings and updates will be key for tracking whether like-for-like growth and margins stabilise.