Jubilant Foodworks Limited — Q1FY27 earnings call summary

Filed 13 August 2026 · Company audio recording

Delivery economics pressured by lower minimum order value (₹99), increasing cost per order; volume growth needed to offset margin impact.
Lower minimum order value and delivery cost pressures may weigh on EBITDA unless offset by volume growth.
Capex guidance maintained at ₹750-900 crore for FY27, focused on new store expansion (Domino’s & Popeyes), existing store upgrades, and technology investments.
Macro demand environment remains positive but requires continued execution to sustain profitable growth amid competitive pricing and delivery dynamics.
Targeting 200bps EBITDA margin expansion over time, with ~100bps expected from Popeyes (already overdelivering) and 100bps from Domino’s.
Domino’s targets 5-7% LFL growth for FY27, with Q2 expected to improve over Q1’s 2.5%.
Q1 gross margin at 75.5% despite 200bps cost headwinds (LPG, labor, commodities); price increases and supply chain efficiencies helped limit EBITDA margin contraction to ~20bps.
Popeyes at ~90 stores with 7 cities exceeding ₹100K ADS; focus on scaling store-level profitability and marketing cost amortization.