Jubilant FoodWorks Q3 Results: Slowest Revenue Growth in Current Year
Jubilant FoodWorks Ltd., the operator of Domino’s Pizza in India, has reported its third quarter results, which show the slowest revenue growth in the current financial year. The company’s consolidated revenue from operations rose 13.4% year-on-year to Rs 2,439 crore in the quarter ending Dec. 31, 2025, according to provisional business updates disclosed to stock exchanges on Tuesday.
Revenue Growth Slows Down
The growth figure was 19.7% in the second quarter and 17% in the first quarter, indicating a slowdown in revenue growth. Standalone revenue came in at Rs 1,802 crore, up 11.8%. The income grew by 15.8% and 18.2% in the preceding two quarters.
Like-for-Like Growth
Domino’s India recorded a like-for-like growth of 5%, while the Turkey operations increased by 6.3%. LFL growth, or comparable growth, measures a company’s sales performance by comparing revenue from the same stores or operations over two different periods.
Store Expansion
During the October-December quarter, 114 stores were added on a net basis to the Jubilant FoodWorks group network, taking the total store count to 3,594. India business added 75 new stores, ending the quarter with 2,396 stores and Domino’s Turkey added 15 new stores to 783 stores.
Impact of GST Rate Cuts
The slowdown in revenue comes despite expectations of improved demand after GST rate cuts provided a modest relief on select inputs like cheese and sauces, with most quick service restaurant players passing on the benefit to consumers. To know more about the impact of GST on the Indian economy, visit our page on GST rate cuts in India.
Stock Performance
Shares of Jubilant FoodWorks settled 1.6% higher at Rs 546.50 on the NSE, ahead of the announcement, compared to a 0.3% decline in the benchmark Nifty 50. The stock is down 28% in the last 12 months. For the latest stock market updates and news, visit our page on Indian stock market news.
Analyst Ratings
Twenty out of the 32 analysts tracking Jubilant FoodWorks have a ‘buy’ rating on the stock, five recommend a ‘hold’ and seven suggest a ‘sell’, according to Bloomberg data. The average of 12-month analyst price targets is Rs 688, which implies a potential upside of 26%. To know more about analyst ratings and stock recommendations, visit our page on stock market analysis in India.
Conclusion
Jubilant FoodWorks’ Q3 results show a slowdown in revenue growth, despite expectations of improved demand after GST rate cuts. The company’s store expansion and like-for-like growth are positive signs, but the slowdown in revenue growth is a concern. Investors should keep an eye on the company’s future performance and analyst ratings to make informed investment decisions. For more information on investing in the Indian stock market, visit our page on investing in Indian stock market.