Shares of Jubilant FoodWorks are likely to remain in focus on Thursday after the company reported a mixed set of earnings for the March quarter (Q4FY26). The operator of Domino’s Pizza in India posted a decline in quarterly profit for the first time in five quarters, while revenue growth slowed to a two-year low and missed Street expectations.
The company’s standalone net profit for Q4FY26 declined 14% year-on-year to ₹42.5 crore, compared to ₹49.4 crore reported in the same quarter last year. The figure also came in below analyst estimates of ₹46.8 crore.
Revenue from operations rose 6.4% YoY to ₹1,680 crore against ₹1,579 crore in the year-ago quarter. However, the topline missed Street expectations of ₹1,813 crore. On a sequential basis, profit dropped more than 21%, while revenue declined over 6%.
Despite the weak profit performance, EBITDA showed improvement during the quarter. EBITDA increased 11.5% YoY to ₹344.7 crore from ₹308.7 crore a year ago, surpassing the CNBC-TV18 poll estimate of ₹315 crore. EBITDA margin expanded to 20.5% from 19.6% in the corresponding quarter last year, reflecting operational efficiency improvements.
The company said same-store sales growth (LFL) for Domino’s India remained muted at just 0.2% during the quarter, significantly lower compared to the double-digit growth recorded in the year-ago period.
In its April business update, Jubilant FoodWorks attributed the slowdown primarily to ongoing commercial LPG supply constraints, noting that over 95% of its outlets depend on LPG. The company also highlighted that competitive intensity in the pizza segment has continued to moderate.
On a consolidated basis, revenue for Q4FY26 increased 19.1% YoY to ₹2,505.8 crore. For the full financial year FY26, consolidated revenue stood at ₹9,544 crore, registering a 17.2% year-on-year growth.
The company continued its aggressive store expansion strategy during the quarter by adding a net 69 stores, taking the total store count to 3,663 outlets globally. Domino’s India added 59 stores during the quarter, taking its network to 2,455 outlets, while Domino’s Turkey added four new stores.
Jubilant FoodWorks also announced that it has approved the non-renewal of rights for the development and operation of the Dunkin’ brand in India. Following this decision, the Dunkin’ business has now been classified as a discontinued operation.
The board of directors recommended a dividend of ₹1.2 per equity share for FY26, subject to shareholder approval at the upcoming annual general meeting.
Additionally, the company recorded an exceptional charge of ₹33.7 crore during FY26 due to the implementation impact of new labour codes, including higher gratuity and leave liabilities.