Jubilant FoodWorks Q1: Domino’s drives growth as Popeyes scales up

Domino’s India is leaning into frequency, new consumption occasions and store upgrades as Jubilant FoodWorks looks to strengthen its core business. During Q1 FY27, the brand recorded 6.5% order growth and 2.5% like-for-like growth, despite cycling a strong 11.6% LFL growth in the year-ago quarter.

Delivery revenue grew 12.1% year-on-year, while average order value also improved during the quarter compared with Q4.

In its shareholder letter, Jubilant FoodWorks said Domino’s innovation strategy has evolved from simply launching products to a platform-based approach, with the aim of expanding the customer groups and occasions in which the brand can participate.

Jubilant FoodWorks is also working to rebuild Domino’s dine-in and take-away business. Around 400 dine-in-heavy stores are being upgraded, with the company focusing on customer experience, throughput and service.

Popeyes, meanwhile, continued to emerge as a significant growth engine for the company. Revenue increased 97% year-on-year during the quarter, while like-for-like growth remained above 40% for the third consecutive quarter.

Average daily sales crossed ₹95,000, with several markets exceeding ₹1 lakh at the system level.

Jubilant FoodWorks described Popeyes as an increasingly meaningful second growth engine for the company. It said the brand has moved beyond the emerging-brand stage and is seeing strong consumer acceptance.

The company aims to build Popeyes into a ₹1,000-crore brand over the next three to four years. It is targeting 35 to 40 new stores annually, while locations for the next 200 stores have already been identified.

Jubilant FoodWorks said it will maintain a disciplined approach to expansion, focusing on the right micro-markets, unit economics and returns.

The wider group added 76 net stores during Q1 FY27 and remains on track to open 1,000 stores across its India brands between FY26 and FY28.

The growth in the quarter also came alongside higher revenue and profitability for the overall business. Jubilant FoodWorks reported a 14.1% year-on-year increase in consolidated revenue from operations to ₹2,569.7 crore in Q1 FY27, compared with ₹2,252.2 crore in the year-ago quarter. Consolidated EBITDA rose 14.2% to ₹503.9 crore, from ₹441.1 crore a year earlier.

Profit attributable to owners of the parent increased about 6% year-on-year to ₹97.2 crore in Q1 FY27, from ₹91.8 crore in Q1 FY26. Including non-controlling interest, consolidated profit stood at ₹100 crore, compared with ₹94.3 crore a year earlier, an increase of about 6%.

Total consolidated expenses rose 14.3% year-on-year to ₹2,441.1 crore in Q1 FY27, from ₹2,135.9 crore in Q1 FY26. Employee benefits expense increased 15.6% to ₹430.8 crore, from ₹372.7 crore.

Other expenses rose 16.2% to ₹923.4 crore, compared with ₹794.7 crore in the year-ago quarter. Finance costs increased 9.1% to ₹120.3 crore, while depreciation and amortisation expenses rose 18.8% to ₹255 crore.

Technology and AI are also being expanded across the business, with Jubilant FoodWorks describing them as increasingly important competitive advantages.

Jubilant FoodWorks’ own apps across Domino’s, Popeyes and Hong’s Kitchen reached 19.5 million monthly active users, up 20.6%, while monthly transacting users stood at 5.8 million, up 13.8%.

The company said its objective is to make technology “invisible to the customer but visible in the economics of the business”, through better customer experience, productivity and operational control.

Internationally, DP Eurasia recorded 28.2% revenue growth during Q1 FY27. Jubilant FoodWorks said reported profitability in the business was affected by accounting treatment for hyperinflation, but its underlying performance remained healthy on a normalised basis.

The Eurasia business has also generated cash and upstreamed nearly ₹52 crore in dividends to the parent over the last nine months.

Looking ahead, JFL said its priorities include strengthening Domino’s in India and Turkey, scaling Popeyes and COFFY, and using technology and data to make the business more productive and customer-focused.