Jubilant Foodworks Ltd
Jubilant Foodworks Ltd
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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44 extracted metrics + investor summaries across FY10–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 25.3%
Weaknesses
1- Stock is trading at 14.0 times its book value
Growth Rate
AI Analysis — Bull vs Bear
Jubilant Foodworks, the master franchisee for Domino's Pizza and Dunkin' in India, trades at a market cap of ₹31,402 Cr with a PE of 72x and P/B of 14x. The company has delivered strong TTM sales growth of 17% and profit growth of 108%, though the stock has declined 24% over the past year.
- TTM profit growth of 108% indicates a sharp recovery in earnings and improving operational leverage
- Compounded sales CAGR of 23% over both 3-year and 5-year periods demonstrates consistent top-line momentum
- ROE has improved to 21% in the last year from a 3-year average of 15%, showing rising capital efficiency
- 10-year compounded profit CAGR of 17% reflects a long track record of earnings compounding
- 10-year stock CAGR of 15% shows the company has generated meaningful long-term shareholder wealth
- Healthy dividend payout ratio of 25.3% signals management confidence in sustainable cash flows
- 10-year compounded sales CAGR of 15% demonstrates durable demand for its QSR brands across economic cycles
- PE ratio of 72x is significantly elevated relative to broader market averages and leaves little room for execution misses
- Stock is trading at 14x book value, implying extremely rich valuation relative to tangible assets
- Stock has declined 24% over the past 1 year, indicating sustained negative price momentum
- 5-year stock CAGR of -9% suggests investors have not been rewarded despite strong operational growth
- 3-year stock CAGR of 0% shows the market has not re-rated the company despite 23% sales CAGR over the same period
- Dividend yield of just 0.25% provides negligible income cushion for investors during periods of capital erosion
- 3-year compounded profit CAGR of only 8% versus 23% sales growth over the same period suggests margins were under pressure until recently
- 5-year compounded profit CAGR of 14% lags the 23% sales CAGR over the same period, indicating inconsistent margin expansion
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- PAT dips on depreciation, taxes Aug 13
Q1FY27 PAT from continued operations fell 0.8% despite 14% revenue growth, pressured by higher depreciation and tax impacts.
- CIO resignation creates tech gap Jul 22
CIO Narottam Sharma resigned effective Jul 21, 2026, leaving to pursue an external opportunity. Successor yet to be appointed.
- Q1FY27 revenue up 14% YoY Aug 13
Consolidated revenue rose 14.1% to ₹25,697 million with EBITDA up 14.2% to ₹5,039 million. Popeyes revenue surged 97% and Domino's India posted 2.5% LFL growth.
- Sri Lanka expansion investment Jul 23
Completed LKR 666.9 million OCPS subscription in Sri Lanka subsidiary, advancing South Asian expansion strategy.
- ₹1.20 dividend recommended for FY26 Jul 27
Board recommends ₹1.20 per share dividend for FY25-26, with AGM scheduled for August 27, 2026.
- ₹137 Cr block trade on BSE Jul 27
Block trade of ~32.08 lakh shares at ₹427.05/share worth ₹137.01 crore executed, likely institutional bulk transaction.
- AGM on Aug 27 via VC Aug 1
31st AGM scheduled for August 27, 2026 via video conferencing with e-voting from August 24-26.
- FY26 BRSR report filed Aug 1
Submitted Business Responsibility and Sustainability Report for FY26 detailing ESG metrics and environmental impact.
- No new promoter share encumbrance Jul 14
Promoters declared no new encumbrance on shares for FY ended March 31, 2026 under SEBI Regulation 31(4).
- TDS norms for FY26 dividend Jul 20
TDS rates announced for ₹1.20/share dividend; shareholders must submit documents by August 6, 2026.
TL;DR: Jubilant Foodworks is delivering strong topline growth at 14% with Popeyes scaling rapidly at 97% revenue growth, but profitability is under mild pressure from depreciation and taxes. International expansion into Sri Lanka is progressing. The CIO departure is a minor operational risk. Overall trend is positive with revenue momentum intact, though margin conversion needs watching in coming quarters.
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,270 | 1,335 | 1,369 | 1,378 | 1,574 | 1,933 | 1,955 | 2,151 | 2,095 | 2,261 | 2,340 | 2,429 | 2,499 |
| Expenses | 1,052 | 1,100 | 1,091 | 1,098 | 1,262 | 1,553 | 1,558 | 1,749 | 1,703 | 1,823 | 1,864 | 1,945 | 2,015 |
| Operating Profit | 218 | 235 | 277 | 280 | 311 | 380 | 396 | 402 | 392 | 438 | 476 | 484 | 485 |
| OPM % | 17% | 18% | 20% | 20% | 20% | 20% | 20% | 19% | 19% | 19% | 20% | 20% | 19% |
| Other Income | 20 | 9 | 42 | 20 | 196 | 14 | 25 | 6 | 5 | 19 | 102 | -18 | 13 |
| Interest | 53 | 54 | 57 | 62 | 114 | 134 | 138 | 133 | 116 | 111 | 106 | 103 | 117 |
| Depreciation | 132 | 136 | 142 | 152 | 169 | 184 | 201 | 208 | 210 | 220 | 230 | 247 | 269 |
| PBT | 53 | 54 | 121 | 86 | 224 | 77 | 82 | 67 | 71 | 126 | 242 | 116 | 111 |
| Tax % | 47% | 47% | 19% | 23% | 7% | 24% | 19% | 35% | 30% | 25% | 20% | 37% | 26% |
| Net Profit | 29 | 29 | 97 | 66 | 208 | 58 | 67 | 43 | 49 | 94 | 195 | 73 | 82 |
| EPS in Rs | 0.43 | 0.44 | 1.47 | 1 | 3.14 | 0.85 | 0.97 | 0.65 | 0.73 | 1.39 | 2.82 | 1.07 | 1.21 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,093 | 2,438 | 2,583 | 3,018 | 3,563 | 3,927 | 3,312 | 4,396 | 5,158 | 5,655 | 8,104 | 9,513 |
| Expenses | 1,836 | 2,173 | 2,339 | 2,576 | 2,961 | 3,045 | 2,532 | 3,290 | 4,022 | 4,496 | 6,511 | 7,610 |
| Operating Profit | 256 | 265 | 245 | 442 | 603 | 883 | 780 | 1,106 | 1,136 | 1,159 | 1,594 | 1,902 |
| OPM % | 12% | 11% | 9% | 15% | 17% | 22% | 24% | 25% | 22% | 20% | 20% | 20% |
| Other Income | 6 | 10 | -1 | 21 | 44 | 38 | 64 | 26 | 40 | 211 | 22 | 91 |
| Interest | 0 | 0 | 0 | 0 | 0 | 165 | 163 | 176 | 201 | 288 | 520 | 436 |
| Depreciation | 101 | 128 | 155 | 160 | 157 | 352 | 375 | 393 | 486 | 598 | 795 | 959 |
| PBT | 161 | 147 | 88 | 303 | 490 | 403 | 306 | 563 | 489 | 485 | 301 | 599 |
| Tax % | 31% | 34% | 35% | 35% | 35% | 31% | 25% | 26% | 28% | 18% | 28% | 26% |
| Net Profit | 111 | 97 | 58 | 196 | 318 | 279 | 231 | 418 | 353 | 400 | 217 | 444 |
| EPS in Rs | 1.69 | 1.47 | 0.88 | 2.97 | 4.85 | 4.24 | 3.51 | 6.37 | 5.35 | 6.05 | 3.19 | 6.49 |
| Div. Payout % | 15% | 17% | 29% | 17% | 21% | 28% | 34% | 19% | 22% | 20% | 38% | 18% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 66 | 66 | 66 | 66 | 132 | 132 | 132 | 132 | 132 | 132 | 132 | 132 |
| Reserves | 581 | 696 | 739 | 902 | 1,128 | 990 | 1,295 | 1,813 | 1,906 | 2,039 | 1,971 | 2,160 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 1,670 | 1,620 | 2,106 | 2,554 | 4,207 | 4,372 | 4,902 |
| Other Liabilities | 429 | 460 | 485 | 529 | 596 | 578 | 720 | 731 | 791 | 1,660 | 1,929 | 2,172 |
| Total Liabilities | 1,075 | 1,222 | 1,291 | 1,497 | 1,856 | 3,370 | 3,767 | 4,782 | 5,382 | 8,038 | 8,404 | 9,367 |
| Fixed Assets | 737 | 828 | 800 | 789 | 809 | 2,189 | 2,146 | 2,737 | 3,488 | 6,184 | 6,434 | 7,353 |
| CWIP | 20 | 26 | 61 | 14 | 16 | 41 | 29 | 47 | 184 | 118 | 255 | 160 |
| Investments | 75 | 91 | 94 | 263 | 181 | 51 | 517 | 927 | 822 | 308 | 176 | 199 |
| Other Assets | 243 | 277 | 336 | 430 | 850 | 1,089 | 1,076 | 1,072 | 888 | 1,428 | 1,538 | 1,654 |
| Total Assets | 1,075 | 1,222 | 1,291 | 1,497 | 1,856 | 3,370 | 3,767 | 4,782 | 5,382 | 8,038 | 8,404 | 9,367 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 276 | 212 | 204 | 409 | 424 | 728 | 751 | 930 | 1,026 | 1,010 | 1,658 | 1,894 |
| Investing | -262 | -200 | -188 | -332 | -457 | -99 | -602 | -654 | -595 | -1,285 | -850 | -1,084 |
| Financing | 1 | -18 | -15 | -35 | -17 | -461 | -289 | -307 | -426 | 377 | -839 | -780 |
| Net Cash Flow | 15 | -6 | 0 | 42 | -51 | 168 | -140 | -31 | 5 | 102 | -32 | 29 |
| Free Cash Flow | -10 | -15 | 4 | 293 | 258 | 439 | 533 | 474 | 188 | 162 | 787 | 889 |
| CFO/OP | 121 | 94 | 98 | 121 | 100 | 98 | 107 | 97 | 101 | 95 | 110 | 107 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 17 | 15 | 14 |
| Inventory Days | 30 | 35 | 35 | 31 | 32 | 35 | 67 | 59 | 52 | 112 | 66 | 42 |
| Days Payable | 168 | 186 | 182 | 185 | 173 | 166 | 268 | 198 | 164 | 215 | 146 | 139 |
| Cash Conversion Cycle | -136 | -150 | -144 | -153 | -139 | -129 | -199 | -137 | -110 | -86 | -65 | -84 |
| Working Capital Days | -49 | -43 | -43 | -44 | -42 | -52 | -71 | -55 | -51 | -66 | -52 | -99 |
| ROCE % | 27% | 21% | 13% | 34% | 44% | 30% | 16% | 21% | 16% | 11% | 13% | 15% |
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Company Information
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 Popeyes in its food segment. The Company also launched its first homegrown brand – Hong’s Kitchen in Chinese cuisine segment. [1]