Jubilant Foodworks Q4 bottomline falls to 5 quarter low, topline growth slowest in 2 years

Jubilant Foodworks reports muted like-for-like growth in Q4; stock in focus


JubilantFoodWorks reported a mixed March quarter performance on Wednesday, May 20, with profit declining year-on-year and revenue growth slowing to a two-year low, while both revenue and profit missed Street expectations. The quarter also marked the company’s first decline in quarterly profit in five quarters.

Standalone net profit for Q4FY26 fell 14% year-on-year to ₹42.5 crore from ₹49.4 crore in the corresponding quarter last year, below analyst estimates of ₹46.8 crore.

Revenue rose 6.4% to ₹1,680 crore from ₹1,579 crore a year ago, missing Street expectations of ₹1,813 crore. Sequentially, profit declined over 21%, while revenue fell by more than 6%.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased 11.5% year-on-year to ₹344.7 crore from ₹308.7 crore, ahead of the CNBC-TV18 poll estimate of ₹315 crore. EBITDA margin expanded to 20.5% from 19.6% a year ago.

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The company said same-store sales growth (LFL) for Domino’s India remained muted during the quarter at 0.2%, compared to double-digit growth seen in the year-ago period.

In its April business update

, Jubilant FoodWorks had attributed the slowdown largely to ongoing commercial LPG supply constraints, with more than 95% of its outlets dependent on LPG. The company had added that competitive intensity in the pizza segment continues to moderate.

Consolidated revenue for Q4FY26 rose 19.1% year-on-year to ₹2,505.8 crore, while consolidated revenue for FY26 stood at ₹9,544 crore, up 17.2% year-on-year.

On the expansion front, the group added a net 69 stores during the quarter, taking its total store count to 3,663. Domino’s India added 59 stores to reach 2,455 outlets, while Domino’s Turkey added four stores.

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During the quarter, Jubilant also approved the non-renewal of rights for the development and operation of the Dunkin’ brand in India. Accordingly, the Dunkin’ business has been classified as a discontinued operation.

The board recommended a dividend of ₹1.2 per equity share for FY26, subject to shareholder approval at the upcoming annual general meeting.

The company also recorded an exceptional charge of ₹33.7 crore during FY26 related to the implementation impact of the new labour codes, including higher gratuity and leave liabilities.

Shares of Jubilant FoodWorks ended 0.4% lower at ₹471.10 ahead of the results announcement on Wednesday. The stock has declined more than 20% in the last six months and about 31% over the past year. It had already come under pressure in April after the company reported muted same-store sales growth in its quarterly business update.



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