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HomeMarket NewsJubilant Foodworks reports muted like-for-like growth in Q4; stock in focus
Same-store sales growth remained muted in India. Domino's India reported like-for-like growth of just 0.2% in Q4, while Domino's Turkey posted a stronger 9% growth.
By Meghna Sen April 7, 2026, 7:05:04 AM IST (Published)
2 Min Read
Shares of Jubilant FoodWorks Ltd. will be in focus on Tuesday, April 7, after the company reported its business update for the quarter and financial year ended March 31, 2026.
For Q4 FY26, consolidated revenue from operations rose 19.1% year-on-year (YoY) to ₹2,505.8 crore, while standalone revenue grew 6.2% YoY to ₹1,686 crore.
For the full year FY26, consolidated revenue stood at ₹9,544 crore, up 17.2% YoY, while standalone revenue increased 12.8% YoY to ₹6,887.8 crore.
Same-store sales growth remained muted in India. Domino's India reported like-for-like growth of just 0.2% in Q4, while Domino's Turkey posted a stronger 9% growth.
| Q3 FY25 | +12.5% |
| Q4 FY25 | +12.1% |
| Q1 FY26 | +11.6% |
| Q2 FY26 | +9.1% |
| Q3 FY26 | +5.0% |
| Q4 FY26 | +0.2% |
The weakness appears largely attributable to ongoing commercial LPG supply constraints, given that over 95% of the company's outlets are LPG-dependent.
According to Elara Securities, this is likely the primary driver of the miss rather than any structural demand weakness, especially as competitive intensity in the pizza category continues to moderate.
The brokerage said it will closely monitor LFL trends going ahead to assess whether the Q4 weakness is transient or indicative of sustained pressure, which could lead to potential downgrades to estimates and valuation multiples.
It added that sustained improvement in profitability remains the key trigger for a near-term re-rating.
Elara Securities maintains a 'Buy' rating on Jubilant FoodWorks, with a target price of ₹780 per share, supported by easing competitive intensity in the pizza segment, higher delivery exposure aligned with evolving consumer preferences, and potential margin levers.
On the expansion front, the group added a net 69 stores during the quarter, taking the total store count to 3,663.
Domino's India added 59 stores to reach 2,455 outlets, while Domino's Turkey added four stores, taking its count to 787.
Shares of Jubilant FoodWorks ended Monday's session 3.24% higher at ₹461, although the stock remains down 17% so far this year.
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