Jubilant FoodWorks
What it means
Our read: Domino's India is only part of the group, so its existing restaurants add at most 4 of the 11.9 points.
Reported: Consolidated revenue +11.9% but Domino's India like-for-like growth +4% in Q2 FY27, up from 2.5% in Q1 FY27. CNBC-TV18,
Watch: Q2 FY27 results, expected mid Nov — EBITDA margin below Q1's 19.61%.
Before its full results, expected mid Nov:Before then:
- Affected
- Rival chains and cloud kitchens — new restaurants near theirsDo now: By mid Nov: benchmark your same-store growth against Domino's India's, not Jubilant FoodWorks' headline growth.
- Food and packaging suppliers across its 3,820 restaurants (CNBC-TV18, ) — orders that grow with each openingDo now: By mid Nov: tie volume terms to its openings, not to its same-store sales.
- Mall and high-street landlords behind its 108 net new restaurants in the same quarter (CNBC-TV18, ) — its growth depends on themDo now: By mid Nov: agree new-site terms while it needs openings to grow.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: With the FDA suspending three Mumbai licences, including Domino's Parel, over repeated lapses, any QSR or food-service target should get diligence on open improvement notices, kitchen segregation practices and licence history.Reported: Maharashtra's FDA suspended three Mumbai food licences, including Jubilant FoodWorks' Domino's outlet in Parel, after an October 9 reinspection found chicken and paneer cooked on one grill.Watch:
- Reported: Domino's India LFL growth of 4.1% trails 5.5% estimate, CLSA says; Jubilant standalone sales 1.8% below expectationReported: Watch:
- Reported: The CIO departure is a manageable but watchable execution risk, with investors likely seeking assurance that a successor can sustain Domino’s India digital growth and technology modernization agenda.Reported: Jubilant FoodWorks, the operator of Domino’s Pizza in India, said Senior VP and CIO Narottam Sharma has resigned to pursue an external opportunity.Watch:
- Reported: The ₹46.9 crore GST demand centers on ITC reversal classification, so review your input tax credit documentation and reversal methodology to ensure store-level compliance is airtight.Reported: Jubilant FoodWorks hit with ₹46.9 crore GST demand notice over ITC reversal. The Domino's and Popeyes operator received a ₹46.9 crore GST demand notice tied to alleged incorrect input tax credit reversal classification.Watch:
All 85 stories on Jubilant FoodWorksIndia store openings tracker →1 leadership move at Jubilant FoodWorks →
Background
From 7 stories, the newest dated 8 Oct 2026. Summary written 10 Oct 2026. Newer developments are under Latest moves.
Jubilant FoodWorks operates Domino's outlets in India [1] source: Business Today and the Popeyes restaurant brand.[2] source: The Hindu BusinessLine
Show 3 more paragraphs and 7 sources
Its FY26 revenue was Rs 9,512 crore.[3] source: ET Hospitality The group ended September 2026 with 3,820 stores.[4] source: CNBC-TV18
For Q2 FY27, consolidated revenue from operations rose 11.9% to ₹2,608.7 crore, and standalone revenue rose 11.6% to ₹1,885.8 crore.[4] source: CNBC-TV18 Group net store additions in the quarter were 108, and Domino's India added 88 stores to reach 2,601.[4] source: CNBC-TV18 Domino's India like-for-like growth was 4%.[4] source: CNBC-TV18 CLSA put it at 4.1% against a 5.5% estimate and kept an Outperform rating on Jubilant FoodWorks.[5] source: NDTV Profit In September 2026 Popeyes opened a restaurant in Navalur, taking its Chennai presence to 12 outlets.[2] source: The Hindu BusinessLine In August 2026 Maharashtra FDA suspended licences at four Jubilant FoodWorks-operated Domino's outlets over food-safety and hygiene violations.[1] source: Business Today
In August 2026 Jefferies raised its target to Rs 650 from Rs 600 and kept a Buy rating, citing Popeyes' revenue doubling.[6] source: Financial Express Macquarie upgraded the company to Neutral with a Rs 520 target, raised from Rs 375, and covered it alongside Devyani, Sapphire Foods and Westlife.[7] source: NDTV Profit
Sources
Questions about Jubilant FoodWorks
What are Jubilant FoodWorks' expansion plans?
Jubilant FoodWorks added 88 Domino's India stores in Q2 FY27, reaching 2,601, and opened a Popeyes restaurant in Navalur, Chennai, in September 2026, taking Popeyes to 12 outlets in Chennai.”[4] source: CNBC-TV18[2] source: The Hindu BusinessLine
Where and when is Jubilant FoodWorks opening new stores?
Jubilant FoodWorks opened a Popeyes restaurant in Navalur, Chennai, in September 2026, which brought Popeyes' Chennai presence to 12 outlets.[2] source: The Hindu BusinessLine
How many Jubilant FoodWorks stores are there?
Jubilant FoodWorks ended September 2026 with 3,820 stores across the group, after net additions of 108 in the quarter. Domino's India accounted for 2,601 of them.[4] source: CNBC-TV18
How fast is Jubilant FoodWorks growing in India?
Jubilant FoodWorks reported Q2 FY27 consolidated revenue from operations up 11.9% to ₹2,608.7 crore, while standalone revenue rose 11.6% to ₹1,885.8 crore.[4] source: CNBC-TV18
What is Jubilant FoodWorks' current strategy in India?
Jubilant FoodWorks added 88 Domino's India stores in Q2 FY27.[4] source: CNBC-TV18 It opened a Popeyes restaurant in Navalur, Chennai, in September 2026.[2] source: The Hindu BusinessLine Jefferies noted in August 2026 that it had launched a sub-Rs 250 menu.[6] source: Financial Express
More stories about Jubilant FoodWorks
- Jubilant FoodWorks Q1 FY27 revenue up 14.1% to Rs 2,569 crore; adds 76 net stores to 3,721
- MSCI rejig triggers $579mn passive outflow from Jubilant, Kalyan, Hyundai as India weight slips to 12.3%
Stories that mention Jubilant FoodWorks
6 stories
Jubilant FoodWorks is named in these stories but is not their subject.
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- Maharashtra suspends licences at four Domino’s and one Pizza Hut outlet
- India’s QSR chains lean on value meals and festive demand as Q1 recovery remains uneven
- Baskin Robbins Operator Graviss Eyes Dunkin' India Franchise After Jubilant Exit
- Whirlpool India Q4 profit slides 33% to Rs 80 cr as margins compress despite 8.8% revenue growth
- Bharti's GIHG lands Olive Garden in Delhi, eyes 100-125 outlet portfolio in three years