14 Nov , 2025 By : Debdeep Gupta
The shares of Jubilant Foodworks, the operator of Domino's India, jumped nearly 9 percent on November 14. This came after the company reported strong results for the second quarter of the ongoing financial year 2026.
The shares of the company hit an intraday high of Rs 622.95 apiece in the morning. This is the highest level seen by the stock in over a month.
Jubilant Foodworks Q2 Results:
Jubilant Foodworks on November 14 reported a standalone net profit of Rs 64 crore for the July-September quarter of FY26. This marks a 23 percent year-on-year (YoY) rise from the Rs 52 crore net profit reported in the corresponding quarter of the previous financial year.
The firm's revenue from operations meanwhile rose 16 percent YoY to Rs 1,699 crore during the quarter under review. Expenses grew 15 percent YoY to Rs 1,620 crore, while reported EBITDA rose nearly 16 percent YoY to Rs 329.4 crore with an EBITDA margin of 19.4 percent.
The group system sales stood at Rs 2,746.5 crore. The group’s total number of stores at the end of the second quarter stood at 3,480, with 93 stores being added during the time. Domino’s network stood at 3,179, with a net addition of 81 stores during the quarter.
Brokerages on Jubilant Foodworks:
Motilal Oswal noted that Jubilant Foodworks witnessed positive festive demand in October 2025, with performance exceeding expectations, well supported by a change in the festive period as against last year. It further noted that the management remains confident of sustaining healthy momentum through November-December, 2025.
The domestic brokerage kept a ‘Neutral’ call on the stock, with a target price of Rs 650 per share. This implies an upside potential of more than 13 percent from the stock’s previous closing price of Rs 573.50 apiece.
“The company benefited indirectly from GST-related advantages through lower input costs, particularly in cheese and sauces, which supported margin expansion by approximately 50bp. Part of the savings was passed on to consumers through selective price cuts, such as reducing the Big Pizza price from Rs 899 to Rs 799,” Motilal added.
The brokerage added that Jubilant Foodworks outperformed peers in revenue growth and SSSG despite facing a challenging demand environment. “We remain constructive on the business and believe that the recent stock correction (20% in last four months) protects downside risk,” it added.
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