Jubilant FoodWorks Limited (JFL/Company) is part of the Jubilant Bhartia Group and is one of the India's largest food service Company. The Company holds the master franchise rights for two international brands, Domino's Pizza and Dunkin' Donuts addressing two different food market segments and now has Popeyes in its food segment. Jubilant FoodWorks Limited (JFL Group/Group), incorporated in 1995, ranks among the leading emerging markets' food-tech companies. Its Group network comprises 3,316 stores across six markets – India, Turkey, Bangladesh, Sri Lanka, Azerbaijan and Georgia.
The Group has a strong Portfolio of Brands in emerging markets with franchise rights for three global brands - Domino's, Popeyes and Dunkin' – and two own-brands, Hong's Kitchen, an Indo-Chinese QSR brand in India, and a CAFÉ brand - COFFY in Turkey. The company operates as a comprehensive food service enterprise, leveraging its expertise in quick service restaurant (QSR) operations across multiple geographies.
The company is a leading player in the pizza segment, holding exclusive rights to operate Domino's Pizza outlets in India, Sri Lanka, Bangladesh, Nepal, Turkey, Azerbaijan, and Georgia. It exclusively operates Popeyes in India. Popeyes is the world's 2nd-largest chicken QSR, offering Louisiana-style Cajun fried chicken and chicken sandwiches. The company holds exclusive rights to develop and operate Dunkin' restaurants in India, the largest coffee and donut brand in the USA, serving coffee and baked goods.
Domino's India is operating 1,995 Domino's outlets across 421 cities, having added 179 new stores over the past year. Jubilant FoodWorks operates 21 Dunkin' Donuts outlets across 6 Indian cities as of 30 June 2023. For Popeyes, JFL is currently operating around 60 stores and will keep on adding up to 50 stores every year and have nearly 200 to 250 stores over the three years.
Jubilant Foodworks Ltd has a market capitalisation of Rs 45,101 crore. The Jubilant Foodworks Ltd's 52-week high share price is Rs 796.75 and 52-week low share price is Rs 531.05. The company has shown strong financial performance with substantial revenue growth driven by expansion initiatives and customer acquisition strategies.
**Recent Financial Results (Q4 FY25):**
- Jubilant FoodWorks Limited posted a net profit of ₹49.3 crore for the quarter ended March 31, 2025, sharply down 76% year-on-year from ₹208.3 crore in Q4 FY24.
- The company's total income for the March quarter rose 32.5 percent year-on-year to Rs 2,113.9 crore, up from Rs 1,594.1 crore reported in Q4 FY24.
- Revenue from operations during the quarter stood at Rs 2,103.2 crore, registering a 33.6 percent rise compared to Rs 1,573.8 crore in the corresponding period a year ago.
**Annual Performance (FY24):**
- For the year ended 2024, Jubilant Foodworks Ltd had posted a profit of Rs 400.07 crore on a total income of Rs 5,654.09 crore.
- In the quarter ending March 2024, Jubilant Foodworks Ltd has declared dividend of ₹1.20 - translating a dividend yield of 0.18%.
Jubilant FoodWorks is planning to open more than 5,500 Domino's Pizza stores across the six markets in which it operates. In the Indian market, it has set a mid-term goal to inaugurate 4,000 stores, an increase from the previous target of 3,000. Leading QSR chain operator Jubilant Foods is looking to expand its pizza chain Domino's presence to 3,000 stores and around 250 outlets of US-based Fried Chicken brand Popeyes over the next three years.
The company's expansion strategy focuses on geographic diversification and brand development. The Jubilant Bhartia Group company is focusing on smaller tier III towns and entering into new markets for Domino's. For Popeyes, it will focus on metro and tier II cities. According to a statement given to PTI, Jubilant FoodWorks plans to invest approximately Rs 200 to Rs 250 crore in constructing new factories and Rs 500 crore in store expansion annually. This translates to a total capital expenditure ranging from Rs 700 crore to Rs 750 crore per year.
Jubilant FoodWorks is focusing on customer acquisition over price-led growth, relaunching its loyalty program, and planning to open 1,000 new Domino's stores by FY28. The company's effort in its digital agenda has resulted in all-time high app installs and monthly active users of 9.4 million and 11.3 million, respectively. Furthermore, app ratings on the Play Store and iOS jumped by 22%, reaching 4.5 and 4.7, respectively.
Fides held a 32.81% stake in DP Eurasia NV, which is the master franchisee for Dominos Pizza in Turkey, Russia, Azerbaijan and Georgia. Jubilant Foodworks announced that it had acquired an additional 6.98% stake in DP Eurasia (or 10,146,964 ordinary shares at a price of 95 pence per share), taking its total stake in the company to 39.79%. 2023 marked a strategic growth milestone for Jubilant FoodWorks as its wholly owned subsidiary, Jubilant FoodWorks Netherlands BV, acquired DP Eurasia, an exclusive master franchisee of Domino's Pizza in Türkiye and Georgia.
Promoter holding in Jubilant Foodworks Ltd has gone up to 41.94 per cent as of Mar 2025 from 41.94 per cent as of Jun 2024. Jubilant Food target price ₹699.25, a slight upside of 3.7% compared to current price of ₹674.3. According to 32 analysts rating.
Jubilant FoodWorks continues to demonstrate its leadership in India's food service sector through strategic expansion, digital innovation, and operational excellence across its diverse brand portfolio, positioning itself as a key player in the emerging markets' food-tech landscape.
