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Jubilant Foodworks Ltd.

JUBLFOODConsumer Discretionary filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

18 transcript(s)/analyst meet(s) served; 1 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 18 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
TRANSCRIPT202206012022-03-31yes
COVER_LETTER202208042022-06-30no
TRANSCRIPT202211152022-09-30yes
TRANSCRIPT202302072022-12-31yes
TRANSCRIPT202305242023-03-31yes
TRANSCRIPT202310312023-09-30yes
TRANSCRIPT202402072023-12-31yes
TRANSCRIPT202403152023-12-31yes
TRANSCRIPT202405282024-03-31yes
TRANSCRIPT202408142024-06-30yes
TRANSCRIPT202411162024-09-30yes
TRANSCRIPT202502192024-12-31yes
TRANSCRIPT202505212025-03-31yes
TRANSCRIPT202508212025-06-30yes
TRANSCRIPT202511192025-09-30yes
TRANSCRIPT202602162025-12-31yes
TRANSCRIPT202605272026-03-31yes
TRANSCRIPT202608202026-06-30yes

JUBLFOOD

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.

Last close478.90
52-week range412.3 – 630.4
Return 1M-7.01%
Return 3M13.16%
Return 1Y-24.03%
Return 3Y-11.52%
Return 5Y-41.84%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations2,570.00
Other income19.00
Total income2,588.00
Cost of materials consumed504.00
Purchases of stock-in-trade227.00
Changes in inventories-19.00
Employee benefit expense431.00
Finance costs120.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.400.00
institutions foreign0.13-0.04
institutions domestic0.400.03
mutual funds0.320.02
public0.590.00

Documents on file

ClassMost recentOn file
COVER_LETTER2022-06-301
TRANSCRIPT2026-06-3017

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations1,301.001,332.001,270.001,335.001,369.001,378.001,573.001,933.001,955.002,151.002,103.002,261.002,340.002,437.002,499.002,570.00
Other income10.0010.0020.009.007.004.0021.0017.0030.0017.0011.0019.0015.0018.0023.0019.00
Total income1,312.001,341.001,290.001,344.001,376.001,382.001,594.001,950.001,985.002,168.002,114.002,279.002,355.002,455.002,523.002,588.00
Cost of materials consumed293.00313.00291.00300.00312.00310.00347.00402.00408.00427.00433.00476.00479.00493.00446.00504.00
Purchases of stock-in-trade20.0021.0020.0022.0019.0019.0017.00117.00151.00170.00170.00170.00184.00210.00242.00227.00
Changes in inventories-2.00-6.006.001.00-5.00-5.003.0011.00-21.006.00-5.000.002.00-11.0025.00-19.00
Employee benefit expense230.00247.00222.00253.00259.00260.00287.00329.00337.00371.00374.00376.00406.00400.00450.00431.00
Finance costs50.0052.0053.0054.0057.0062.00114.00134.00138.00133.00117.00111.00106.00104.00117.00120.00
Depreciation and amortisation115.00133.00132.00136.00142.00152.00169.00184.00201.00208.00214.00220.00230.00248.00269.00255.00
Other expenses450.00471.00482.00483.00506.00514.00608.00692.00681.00775.00743.00800.00793.00862.00852.00923.00
Total expenses1,154.001,230.001,205.001,249.001,290.001,312.001,545.001,868.001,896.002,090.002,045.002,154.002,200.002,307.002,401.002,441.00
Profit before exceptional items and tax158.00112.0084.0095.0086.0070.0049.0082.0089.0078.0069.00126.00155.00148.00121.00147.00
Exceptional items0.000.000.000.000.000.00170.000.000.00-4.000.000.000.00-34.000.000.00
Profit before tax158.00112.0084.0095.0086.0070.00219.0082.0089.0074.0069.00126.00155.00115.00121.00147.00
Current tax40.0030.0022.0020.0030.0026.0014.0022.0018.0040.0043.0028.0044.0074.0032.0059.00
Deferred tax3.001.003.005.00-6.00-6.002.00-3.00-3.00-16.00-23.004.004.00-32.00-3.00-11.00
Tax expense43.0031.0025.0025.0023.0020.0016.0019.0015.0024.0019.0032.0048.0042.0028.0048.00
Profit for the period132.0080.0029.0029.0097.0066.00208.0058.0067.0043.0049.0094.00195.0073.0082.00100.00
Profit attributable to owners132.0080.0029.0029.00—66.00208.0056.0064.0043.0048.0092.00—71.0080.0097.00
Profit attributable to non-controlling interests0.000.000.000.00—0.001.002.002.000.001.003.00—2.003.003.00
Other comprehensive income27.00-63.00-78.004.002.00-22.00-61.0035.00-22.001.00-178.00-67.00-42.00-66.0070.00110.00
Total comprehensive income159.0017.00-50.0033.0099.0044.00147.0093.0045.0044.00-129.0028.00152.007.00152.00210.00
Earnings per share, basic1.991.220.430.441.471.003.140.850.970.650.731.392.821.071.211.47
Earnings per share, diluted1.991.220.430.441.471.003.140.850.970.650.731.392.821.071.211.47

Annual results, as filed

Line2020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Revenue from operations3,927.003,312.004,396.005,158.005,654.008,142.009,513.00
Other income70.0073.0041.0050.0042.0075.0074.00
Total income3,997.003,385.004,437.005,209.005,696.008,217.009,587.00
Cost of materials consumed914.00681.00935.001,172.001,270.001,670.001,888.00
Purchases of stock-in-trade70.0047.0059.0081.0077.00607.00806.00
Changes in inventories-1.00-1.00-4.00-6.00-6.00-9.0017.00
Employee benefit expense796.00747.00768.00906.001,059.001,410.001,622.00
Finance costs165.00163.00176.00201.00288.00523.00436.00
Depreciation and amortisation352.00375.00393.00486.00598.00807.00959.00
Other expenses1,272.001,068.001,529.001,853.002,111.002,891.003,292.00
Total expenses3,569.003,079.003,856.004,694.005,396.007,899.009,019.00
Profit before exceptional items and tax428.00306.00581.00515.00300.00318.00567.00
Exceptional items-25.000.00-7.000.00170.00-4.00-34.00
Profit before tax403.00306.00574.00515.00470.00314.00534.00
Current tax120.0093.00145.00128.0090.00123.00182.00
Deferred tax4.00-17.00-0.007.00-5.00-46.00-28.00
Tax expense124.0076.00145.00136.0085.0077.00154.00
Profit for the period279.00231.00418.00353.00400.00217.00444.00
Profit attributable to owners280.00232.00420.00353.00399.00211.00428.00
Profit attributable to non-controlling interests-1.00-1.00-2.00-0.001.006.0016.00
Other comprehensive income-3.0075.00211.00-169.00-78.00-164.00-106.00
Total comprehensive income276.00305.00629.00184.00323.0053.00339.00
Earnings per share, basic21.2217.556.375.356.053.196.49
Earnings per share, diluted21.2217.556.375.356.053.196.49

Balance sheet, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets5,178.005,382.005,535.008,126.008,255.008,528.008,778.009,561.00
Non-current assets4,377.004,696.004,983.006,969.007,245.007,370.007,699.008,261.00
Current assets801.00686.00552.001,156.001,010.001,157.001,078.001,276.00
Property, plant and equipment1,174.001,360.001,446.001,983.002,071.002,197.002,300.002,682.00
Capital work-in-progress83.00160.00290.0092.00130.00179.00263.00111.00
Goodwill0.000.000.00771.00771.00742.00771.00799.00
Other intangible assets1,918.002,128.002,160.003,430.003,449.003,495.003,557.003,871.00
Inventories185.00177.00260.00410.00383.00406.00360.00309.00
Trade receivables24.0029.0035.00265.00259.00330.00333.00375.00
Cash and cash equivalents30.0030.0049.00131.0083.00100.00113.00129.00
Total equity and liabilities5,178.005,382.005,535.008,126.008,255.008,528.008,778.009,561.00
Equity2,068.002,038.002,087.002,243.002,264.002,183.002,256.002,388.00
Equity share capital132.00132.00132.00132.00132.00132.00132.00132.00
Other equity1,936.001,906.001,955.002,039.002,053.001,971.002,036.002,160.00
Total liabilities3,110.003,344.003,447.005,882.005,992.006,345.006,522.007,173.00
Non-current liabilities2,107.002,315.002,362.003,965.004,072.004,248.004,463.003,637.00
Current liabilities1,003.001,029.001,086.001,917.001,919.002,029.002,059.003,521.00
Borrowings, non-current138.00183.00186.001,195.001,230.001,283.001,400.00340.00
Borrowings, current0.000.000.00302.00263.00219.00215.001,406.00
Trade payables574.00561.00631.00922.00985.00901.00882.001,027.00

Cash flow, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities551.001,026.00476.001,010.00789.001,668.00910.001,894.00
Net cash from investing activities-260.00-595.00-156.00-1,285.00-337.00-850.00-422.00-1,084.00
Net cash from financing activities-286.00-426.00-301.00377.00-501.00-849.00-475.00-780.00
Purchase of property, plant and equipment370.00793.00414.00842.00390.00863.00479.00999.00
Net increase in cash5.005.0019.00102.00-48.00-32.0013.0029.00
con:CFO.BEFORE_TAX625.001,152.00533.001,099.00834.001,770.00978.002,032.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING74.00126.0057.0089.0045.00102.0068.00138.00
con:CF_OTHER.OPERATING0.000.000.000.000.000.000.000.00
con:INVESTMENTS_PURCHASED0.000.000.003.000.001.000.000.00
con:INVESTMENTS_SOLD0.000.000.000.000.000.000.000.00
con:PPE_DISPOSALS2.004.002.005.003.005.002.005.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED46.0072.001.00770.000.000.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.000.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group41.9441.9441.9441.9441.9441.9441.9441.9441.9440.270.400.400.400.40
Domestic institutions21.8622.5222.3522.1326.0529.8930.3930.3831.2332.510.330.350.370.40
Mutual funds—————————26.760.270.290.300.32
Insurance companies4.054.184.554.694.784.894.904.734.634.930.050.060.050.06
Foreign institutions25.3925.2226.1427.7523.2420.3921.0021.2620.5521.050.200.190.170.13
Government—————————————0.00
Public57.8857.8857.8557.8557.7157.7157.7157.7257.7359.390.590.590.590.59
Non-institutional10.6410.139.367.978.427.436.326.085.955.830.060.060.060.06
Shares outstanding659845200659845200659845200659845200659845200659845200659845200659845200659845200659845200659845200659845200659845200659845200

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Jubilant Consumer Pvt. LtdEnterprise in which certain directAny other transaction, Dividend paid575,310,000.005
Pizza Restaurantları A.Ş.SubsidiaryAny other transaction, Interest paid191,580,000.004
Jubilant FoodWorks Bangladesh LtdSubsidiaryAny other transaction, Investment120,180,000.005
Jubilant Pharmova LtdEnterprise in which certain directAny other transaction78,670,000.003
Jubilant FoodWorks Lanka Pvt. Ltd.SubsidiaryAny other transaction73,390,000.004
Sameer KhetarpalKey Management PersonnelRemuneration46,270,000.001
Jubilant FoodWorks Gratuity TrustPost Employment Benefit TrustAny other transaction43,740,000.001
Jubilant Foodworks Netherlands BVSubsidiaryAny other transaction28,850,000.001
Suman Satyanath HegdeKey Management PersonnelRemuneration26,990,000.001
Jubilant Ingrevia Ltd.Enterprise in which certain directAny other transaction25,500,000.004
Neval KorucuDirector of EntityRemuneration24,100,000.001
Aslan SarangaDirector of EntityRemuneration23,840,000.002
Jubilant Bhartia FoundationOther related partyAny other transaction22,850,000.001
Avinash Kant KumarDirector of SubsidiaryRemuneration18,280,000.001
Deepti GuptaDirector of SubsidiaryRemuneration13,620,000.001

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-08-20Q1FY27Read the call
2026-05-27Q4FY26Read the call
2026-02-16Q3FY26Read the call
2025-11-19Q2FY26FOODWORKS LIMITED, JUBILANT FOODWORKS LIMITEDRead the call
2025-08-21Q1FY26FOODWORKS LIMITEDRead the call
2025-05-21Q4FY25Read the call
2025-02-19Q3FY25Read the call
2024-11-16Q2FY25Read the call
2024-08-14Q1FY25Read the call
2024-05-28Q4FY24Read the call
2024-03-15Q3FY24Read the call
2024-02-07Q3FY24Read the call
2023-10-31Q2FY24Read the call
2023-05-24Q4FY23Read the call
2023-02-07Q3FY23Read the call
2022-11-15Q2FY23Read the call
2022-06-01Q4FY22Read the call

Some earlier announcements under this heading are covering letters only — no transcript was attached.

What they said about it, quarter by quarter

TopicQ3FY24Q3FY25Q3FY26Q4FY22Q4FY23Q4FY24Q4FY25Q4FY26
CapexSecondly, what drives our conviction to opt for an asset heavy CAPEX model of commissary rather than tying up with multiple vendors to build our suppl…So, let me assure you, the average daily sales for Popeyes is improving, margins are improving, CAPEX is actually materially low from where we started…You could give the capex number you're targeting for this year and the years ahead given that you said you're optimizing on supply chain or you're alr…So, if you can elaborate that the kind of ramp up that we are seeing on the front end, will it entail any additional CAPEX on the back end at least th…It is carried on wheels and the capex is a fraction of what we have for a regular large format.This would translate to capex for new commissaries and investments in technology.Number one is the store capex and model, that we know what is working, what is not.Does that mean we kind of look at change in capex and hence, that's where I was coming from.
Capital allocationBut I am not happy about the new customer acquisition, which if you were to target on Pizza Mania, we would have seen that.New Customer Acquisition grew by 55.4% and we have also started to see the benefit of compounding through repeats.If you can share how much of the total dividend has been paid by DP Eurasia?——The underlying objective here is to profitably build a multi-brand and multi-cuisine food service organization. • We turned around the Domino’s India …This has led to a record high new customer acquisition, which we know compounds over the next couple of years in increased sales.—
CostsBut, when you look at our basket of consumption, that is, oil, electricity, diesel, petrol, gas, raw materials, it is still material in terms of infla…The economy is strengthening, the business underlying metrics are improving, be it in terms of their inventory levels, which is ensuring that they do …—The operating context during the year was marked by a lot of uncertainty, periodic disruptions, on the other hand, a high inflationary environment whi…On the cost side, we have found broad-based inflation across food categories during the year.—Are you witnessing any inflationary pressure on the cheese or any of the raw materials?Some amount of commodity inflation has come, but as you would all well understand covering the consumer sector that if petrol diesel prices go up and …
Debt and cashThe net debt as of 31st December, 2023 was 466 TRY mn and the external debt for DP Russia has been paid in August 2023.So, I think with that I do not want to step away from driving growth, because growth is the best help that you can give to the business and also in te…We are pleased to share that Turkey is now servicing its acquisition- related debt entirely through internal cash flows.—250 crores is in the cash flow of this year itself?We are certain that these initiatives would enhance the quality and substance of future cash flows.The acquisition of DP Eurasia has also now completed a year through records high system sales, healthy profitability and high free cash flow generatio…—
DemandWe observed softer demand, particularly post Diwali and in December, while November was strong.Even in the software demand environment, we have continued to make investments for store growth and technology and absorbed cost to deliver value to c…Now if I look at this quarter call commentary by other QSR players, there seems to be some uptick in demand.My first question is, can you just talk about the demand environment in the context of macro high inflation?Our new stores continue to perform well and we continue to serve unmet demand in the existing cities where we operate and also opportunities to open n…In India, we are pleased to announce that despite a challenging demand environment, the Domino’s team has been able to achieve positive LFL growth in …Furthermore, we have accelerated our pace of new product innovation, introducing exciting new offerings and resonate with our customers and drive incr…—
GuidanceThe Jubilant Food Park in Bangalore is now fully operational and we expect to sustain the goodness in gross-margins.We are progressing well against our network guidance.So, these tenets will continue to guide our investments and our pricing decisions for customers.I wanted to place on record my deep gratitude to the Chairman, the Co-Chairman and the Board of Directors at Jubilant Foodworks for having entrusted m…That's where we have a team, that's where we get the maximum leverage, but no guidance in terms of how many new cities we'll go to next year.I will then talk about business outlook and network addition guidance for FY '25.I would also like to thank the leadership team of our brand partners, Domino's International, RBI and Inspire brands for their constant guidance and s…I can't really give you a guidance of that sort at this time.
MarginLed by Project Vijay, gross margins have improved by 118 bps and despite a negative LFL, EBITDA was at 20.9%.Not only in Revenue but also in same store sales growth, store expansion, app traffic, app conversion, customer loyalty, new customer acquisition and …Our business in India maintained its double-digit year-on-year growth, and the EBITDA margin improved by 109 basis points compared to the same period …1,161 million, up by 11.3% with a PAT margin of 10%.Despite an increase in prices, in cheese specially, we successfully curtailed quarter-on-quarter gross margin decline to just 20 basis points.This is a margin accretive acquisition and hence it elevates and will continue to positively contribute to the Group’s overall profitability.As per Pre-Ind-AS-116, consolidated EBITDA came in at Rs.And to your 2-year goal of 5% to 7% growth and the 200 basis point margin improvement can they be achieved simultaneously?
People——————And so at least the internal plan, again, is to beat the inflation through internal efficiencies, better utilization of our factories, lower conversio…—
PricingNotably, this is an organic improvement given no price increase in last six quarters 3.—During the quarter, we undertook calibrated price increases on select products to strengthen margins and incentivized favourable mix movements.This was offset by driving business efficiencies and productivity, lower and more targeted discounting and calibrated price increase.And I guess where a comment would be, right to believe that we don't try and plan any pricing action in terms of increasing prices at this point in ti…As against any price increase, we moved a step further to sharpen the value on offer to customers with a waiver of delivery fees after successfully pi…Obviously, it's an introductory product pricing but just want to hear from you how discounting is for us versus, say, last 12 months?And for the conscious choice we had taken, like, for example, we have taken calibrated price increases in Volcano Pizza.
Revenue growthDomino’s Turkey – System Sales, Growth and LFL After adjusting for inflation, in CY 2023, system sales growth was 31% and LFL growth was 27.1%.21.5 billion, aided by a very strong Domino's LFL growth of 12.5%.It gives us immense pleasure to share with you that along with strong revenue growth and PAT, the business is generating steady cash flows and over th…In Domino's, the like-for-like growth was at 5.8%.We added 61 new stores in Q4 for Domino's, while the like-for-like growth was flat at -0.6%.In India, Q4 revenue growth came in at 6.3%.And importantly, despite the increase in our delivery mix, we managed to increase Domino's India EBITDA broadly in line with revenue growth, holding f…—