Jubilant Foodworks Shares Rise 6% on Strong Q1 FY27 Results
Shares of Jubilant Foodworks jumped around 6% on Friday to reach Rs 521 on the NSE after the company reported a 6% year-on-year rise in consolidated net profit for the first quarter of FY27.
The company, which operates Domino's India and Popeyes outlets, saw its net profit rise to Rs 97 crore from Rs 92 crore in the corresponding period of the previous year. Revenue from operations increased by over 14% year-on-year to Rs 2,570 crore during the April-June quarter, up from Rs 2,252 crore reported in the year-ago period.
Key performance highlights for Q1 FY27 include:
- Consolidated EBITDA: Grew over 10% year-on-year to Rs 360 crore.
- Domino's India: Recorded 6.5% order growth and 2.5% like-for-like (LFL) growth, cycling an 11.6% LFL growth from the prior-year period.
- Popeyes: Delivered 97% revenue growth and over 40% LFL growth for the third consecutive quarter.
- Store Expansion: Added a net total of 76 new stores across the group during the quarter.
Jubilant Foodworks highlighted Popeyes as its second significant growth engine, noting that its Average Daily Sales (ADS) have reached levels comparable with established category players. The company stated its ambition to build Popeyes into a Rs 1,000 crore brand over the next three to four years while maintaining disciplined expansion.
Following the results, brokerage firm Bernstein maintained an 'Outperform' rating on the stock with a target price of Rs 680, implying an upside potential of approximately 38%. Bernstein highlighted Popeyes as a strong growth driver, with its ADS standing around Rs 96,000 and several outlets exceeding Rs 1 lakh.
Motilal Oswal also retained a 'Buy' rating on the shares with a target price of Rs 625, representing a 27% upside potential. The brokerage pointed to a medium-term outlook supported by 5-7% LFL growth potential, Popeyes momentum, international performance, and margin recovery initiatives.
Jubilant Foodworks shares have gained approximately 7% over the past week and 23% in the past month, though the stock remains down more than 6% so far in 2026.
