07 Apr , 2026 By : Debdeep Gupta
Shares of Jubilant FoodWorks slumped over 7% to Rs 428.35 on the NSE after the company reported its provisional Q4FY26 business update, which fell short of market expectations.
In a regulatory filing, the company posted consolidated revenue from operations of Rs 25,058 million in the March quarter, marking a 19.1% year-on-year rise. However, standalone revenue grew at a slower pace of 6.2% YoY to Rs 16,860 million.
For the full financial year FY26, consolidated revenue came in at Rs 95,441 million, up 17.2% YoY, while standalone revenue rose 12.8% YoY to Rs 68,878 million.
Operationally, growth remained muted in its core India business. Domino's India reported like-for-like (LFL) growth of just 0.2% in Q4, indicating weak same-store demand, while the Turkey business performed relatively better with 9% LFL growth (post Ind AS 29 adjustments).
On expansion, Jubilant FoodWorks added a net 69 stores during the quarter, taking its total store count to 3,663. This included 59 new stores in India, where the Domino's network reached 2,455 outlets, and four additions in Turkey, taking its store count there to 787.
The sharp decline in the stock reflects investor concerns over subdued same-store sales growth in India despite steady expansion and overall revenue growth.
Last week, Jubilant FoodWorks announced that it will not renew its franchise agreement with U.S.-based Dunkin' after it expires on December 31, 2026.
The company said it is exploring options for the business, including a potential sale of stores or transfer of franchise rights, in consultation with Dunkin'.
The coffee and doughnut brand has struggled to scale in India, leading Jubilant to sharpen its focus on its core Domino's business and newer growth segments such as Popeyes.
Jubilant added that the decision is unlikely to have any material financial or operational impact. Dunkin' contributed just about 0.61% to the company's revenue and reported a loss of nearly Rs 191 million in FY25, as per its exchange filing.
As of December 2025, the company operated 27 Dunkin' outlets in India and had shut seven stores over the past year, according to its third-quarter investor presentation.
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