Jubilant Foodworks Ltd
Jubilant FoodWorks Limited (JFL/Company) is part of the Jubilant Bhartia Group and is one of the India’s largest food service Company. The Company holds the master franchise rights for two international brands, Domino’s Pizza and Popeyes in its food segment. The Company also launched its first homegrown brand – Hong’s Kitchen in Chinese cuisine segment. [1]
Strengths
- +Company has been maintaining a healthy dividend payout of 32.3%
Weaknesses
- −Stock is trading at 12.9 times its book value
- −The company has delivered a poor sales growth of 9.46% over past five years.
- −Company has a low return on equity of 13.4% over last 3 years.
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 41.94% | 41.94% | 41.94% | 41.94% | 40.27%▼1.7 | 40.27% | 40.27% | 40.27% |
| FIIs | 20.38% | 21.01%▲0.6 | 21.26%▲0.3 | 20.54%▼0.7 | 21.05%▲0.5 | 20.11%▼0.9 | 18.59%▼1.5 | 17.29%▼1.3 |
| DIIs | 29.69% | 30.19%▲0.5 | 30.18%▼0.0 | 31.03%▲0.9 | 32.32%▲1.3 | 33.06%▲0.7 | 34.79%▲1.7 | 36.38%▲1.6 |
| Public | 7.44% | 6.32%▼1.1 | 6.07%▼0.3 | 5.94%▼0.1 | 5.83%▼0.1 | 6.03%▲0.2 | 5.83%▼0.2 | 5.54%▼0.3 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,345 | 1,355 | 1,332 | 1,440 | 1,467 | 1,611 | 1,587 | 1,702 | 1,699 | 1,802 |
| Expenses | 1,064 | 1,072 | 1,077 | 1,161 | 1,183 | 1,298 | 1,282 | 1,378 | 1,369 | 1,432 |
| Operating Profit | 281 | 283 | 255 | 278 | 284 | 313 | 306 | 323 | 329 | 369 |
| OPM % | 21% | 21% | 19% | 19% | 19% | 19% | 19% | 19% | 19% | 21% |
| Net Profit | 72 | 61 | 26 | 52 | 52 | 41 | 49 | 67 | 64 | 54 |
| EPS ₹ | 1.09 | 0.92 | 0.39 | 0.78 | 0.79 | 0.62 | 0.75 | 1.01 | 0.97 | 0.82 |
AI Insights
TTM revenue at ₹6,789Cr, up 11.2% YoY. OPM at 20%.
Borrowings at ₹3,051Cr. Debt-to-equity ratio: 1.40x. High leverage — monitor closely.
CWIP at ₹259Cr (6% of fixed assets). Moderate ongoing capital expenditure.
DIIs: 36.38% (+14.05pp change). FIIs: 17.29% (-7.93pp change). Promoters hold 40.27%.
ROCE declining from 38% (Mar 2014) to 11% (Mar 2025). Working capital days: -52.
PE 122x with 11% ROCE. Price is 1197% above book value of ₹35. Dividend yield: 0.26%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d - Submission of Copies of newspaper advertisement regarding another special window that has been opened for re-lodgement of transfer deeds of physical shares
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 May - Please find attached Conference Call invite for Analysts and Investors to discuss Q4FY26 and FY26 results.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Apr - Submission of copies of Newspaper Advertisement relating to Notice to Shareholders- Second 100 days Campaign -"Saksham Niveshak''''
- Board Meeting Intimation for Approval Of Financial Results For The Quarter And Financial Year Ended On March 31, 2026 And Recommendation Of Dividend, If Any. 28 Apr - Board meets May 20, 2026 to approve FY26 results and consider dividend; trading window closed till May 22.
- Rumour verification - Regulation 30(11) 8 Apr - Jubilant FoodWorks clarifies LPG supply constraints were limited; operations have returned to normal levels.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse