Jubilant FoodWorks has outlined an aggressive growth strategy for the coming years, with capital deployment increasingly focused on business expansion and technology investments. The company, which operates leading quick-service restaurant brands including Domino’s Pizza and Popeyes in India, plans to maintain strong store additions while improving operational efficiency and return ratios.
Jubilant FoodWorks Targets Around 300 New Stores Every Year
The company said it remains on track to add nearly 300 stores annually over the medium term. In FY26, Jubilant FoodWorks added a net 289 new stores across India, including 276 Domino’s stores and 17 Popeyes outlets, while Hong’s witnessed four store closures.
For FY27, the company expects to continue opening a similar number of Domino’s outlets while significantly increasing the pace of Popeyes store expansion. The management sees Popeyes as a key growth driver in the coming years as the brand continues to gain traction in the Indian quick-service restaurant market.
Technology Investments to Drive Customer Experience and Efficiency
Jubilant FoodWorks said future investments will increasingly focus on strengthening technology platforms aimed at enhancing customer experience and improving operating efficiencies. The company believes these investments will generate attractive returns while supporting long-term scalable growth.
The company also highlighted that major supply-chain investments are now largely complete. Existing infrastructure is capable of supporting more than 4,000 stores, providing significant headroom for future expansion without requiring substantial additional capital expenditure.
RoCE Improves to Nearly 19% in FY26
Jubilant FoodWorks continues to focus on improving capital efficiency and profitability. The company reported that standalone Return on Capital Employed (RoCE), excluding the impact of Ind AS 116, improved by nearly 70 basis points to around 18.9% in FY26.
Management stated that better utilisation of supply-chain and technology assets contributed to the improvement in returns. The company is targeting a steady-state RoCE of over 20% as store productivity improves and emerging businesses mature further.
While inflationary pressures may affect near-term profitability, Jubilant FoodWorks remains confident about achieving stronger capital efficiency over the long term through higher asset turns and operating leverage.
Jubilant FoodWorks Expansion Strategy Remains Strong
The company’s strategy reflects confidence in India’s growing quick-service restaurant market and rising demand for organised food delivery and dining brands. With continued expansion of Domino’s and a sharper focus on Popeyes, Jubilant FoodWorks is positioning itself for sustained long-term growth while leveraging technology and supply-chain capabilities to improve margins and returns.