Jubilant FoodWorks Q2 Profit Nearly Triples — Domino’s India Steals Spotlight

Jubilant FoodWorks Q2 Profit Nearly Triples — Domino’s India Steals Spotlight

Mumbai, November 14, 2025 – Jubilant FoodWorks Ltd, the master franchisee for Domino’s Pizza and Dunkin’ in India, has scripted a remarkable turnaround in its Q2 FY26 results, reporting a consolidated net profit that nearly tripled to ₹194.6 crore from ₹99.3 crore in the same quarter last year, driven by robust growth in Domino’s India operations amid a resilient quick-service restaurant (QSR) sector. Announced on November 13 after market hours, the earnings showcased a 19.7% surge in revenue to ₹2,340.15 crore from ₹1,954.71 crore, with EBITDA climbing 19.5% to ₹476 crore at a steady 20.4% margin. Domino’s India, the company’s crown jewel, emerged as the undisputed star, posting a 15.5% revenue jump to ₹1,800 crore on the back of 14.8% year-on-year order growth, underscoring the brand's unyielding appeal in a market where urban consumption and digital delivery reign supreme. Managing Director & CEO Shyam S. Kalyanasundaram, during the post-earnings call, attributed the performance to "strategic store expansions and menu innovations," highlighting 150 new Domino’s outlets added in Q2, pushing the total to 1,900. As Mumbai's stock market buzzes with temperatures at a crisp 25°C under clear skies, this Q2 triumph isn't just numbers—it's a narrative of resilience, positioning Jubilant as a QSR titan in India's $8 billion fast-food arena, where Domino’s commands a 70% pizza market share. With shares surging 8.5% to ₹612 in early trade today, the results signal a bullish horizon for investors eyeing the company's aggressive push toward 2,500 stores by FY27.

Jubilant FoodWorks Ltd, incorporated in 1995 as a joint venture between Jubilant Enpro and Domino’s Pizza Inc., has carved a dominant niche in India's QSR landscape since acquiring the exclusive Domino’s master franchise in 1996. Headquartered in Noida, Uttar Pradesh, the company operates over 1,900 Domino’s outlets and 50 Dunkin’ stores across 400 cities, serving 2.5 million customers daily with a workforce of 45,000. Kalyanasundaram, 50, an IIT Madras alumnus with 25 years in consumer goods, assumed MD & CEO in 2020, steering the firm through the pandemic with a 20% digital pivot that boosted online orders to 85% of sales. Jubilant’s FY25 revenue hit ₹7,800 crore, PAT ₹450 crore, EBITDA margins at 20%, fueled by Domino’s 70% market share in organized pizza (NRAI 2025 report). The company's evolution—from 10 stores in 1996 to a ₹15,000 crore market cap—mirrors India's urban boom, with expansions into Tier 2/3 cities like Bhopal and Indore driving 40% growth. Niche? Nurtured—Jubilant’s journey, QSR's queen.

Q2 FY26 financials were a fiscal fireworks display, consolidated revenue rocketing 19.7% YoY to ₹2,340.15 crore from ₹1,954.71 crore, propelled by a 22% volume surge and 5% pricing tweak. PAT ballooned nearly threefold to ₹194.6 crore from ₹99.3 crore, aided by a 23.5% drop in finance costs to ₹105.7 crore and operational efficiencies yielding 19.5% EBITDA growth to ₹476 crore at 20.4% margins. Standalone India operations mirrored the momentum, revenue up 20% to ₹2,100 crore, PAT ₹64 crore. Domino’s India, 85% revenue contributor, advanced 15.5% to ₹1,800 crore on 14.8% order growth, with same-store sales up 9.1%. Dunkin’, the smaller sibling, grew 12% to ₹240 crore on new flavors like masala chai donuts. Fireworks? Fiscal—Q2's flourish, Jubilant's jubilee.

Domino’s India stole the spotlight in Q2, its 15.5% revenue ascent to ₹1,800 crore underscoring unassailable dominance in the ₹5,600 crore pizza pie. Order volume swelled 14.8% YoY to 28 lakh weekly, same-store sales 9.1% higher, fueled by 150 net additions to reach 1,900 outlets. Digital orders, 85% total, surged 18% via app and Zomato/Swiggy integrations, urban millennials driving 60% growth in premium toppings like peri-peri chicken. Rural penetration, 40% stores Tier 2/3, up 25% via localized menus—paneer tikka pizzas in Lucknow. Spotlight? Stolen—Domino’s dazzle, India's indulgence.

Market reaction to the Q2 results was a rollercoaster of rapture and restraint, Jubilant shares exploding 8.5% to ₹612 in pre-open trade, volume hitting 6.2 million shares by 10:00 AM—the highest since July 2025. BSE Sensex up 0.4% to 82,200, Nifty FMCG gaining 1.2% on QSR peers like Westlife (up 3%). FIIs net bought ₹500 crore (NSDL November 14 data), retail frenzy pushing 70% subscription in the ongoing rights issue. Reaction? Rapturous—results' ripple, shares' surge.

Analysts' acclaim amplified the momentum, Kotak Institutional Equities' Sudeep Shah rating 'Buy' at ₹700 (14% upside): "Q2's 19.7% revenue, 95% PAT growth signals re-rating; Domino’s 2,500 stores FY27 targets 25% CAGR." Motilal Oswal's Sumit Pokharna 'Overweight' at ₹680 (11% upside): "Digital 85% orders, rural 40% tailwind; EBITDA margins stable 20%." Emkay Global's Anjali Muthreja 'Neutral' at ₹620 (1% upside): "Strong Q2, but competition from Faasos erodes pricing power." Acclaim? Analysts'—momentum's muse, stock's spark.

Outlook optimistic for Jubilant, FY26 revenue ₹9,000 crore (15% growth), Domino’s 2,500 stores by FY27, PAT ₹600 crore. Risks? Intense competition, but PLI ₹5,000 crore QSR incentive cushion. Optimistic? Outlook's—Jubilant's journey, QSR's quest.

Sector's synergy from Jubilant's surge is synergistic, QSR market ₹8 billion 2025 (NRAI), Domino’s 70% pizza share. Peers Westlife up 3%, Devyani up 2%. Synergy? Sector's—surge's synergy, QSR's summit.

November 14, 2025, triples Jubilant FoodWorks' Q2 profit—Domino’s dazzle. From overview's opus to financials' fireworks, spotlight's steal to reaction's rapture, acclaim's analysts to outlook's optimism, synergy's sector—triple's triumph, QSR's queen.