Jubilant FoodWorks Limited reported an 11.8% year-on-year increase in consolidated revenue from operations to ₹2,608 crore for the second quarter of FY27, supported by improving performance at Domino’s India and strong growth at Popeyes. The company also reported that its Domino’s, Popeyes and Hong’s customer applications collectively reached 21 million monthly active users (MAUs), with approximately 6 million monthly transacting users. Consolidated EBITDA increased 7.3% to ₹513 crore, while the EBITDA margin declined to 19.7% from 20.5% a year earlier.
The September 2026 quarter also reflected improving customer engagement and continued investment in technology, store expansion and delivery operations. Domino’s India recorded like-for-like growth of 4.1%, while Popeyes delivered 53% like-for-like growth for its fourth consecutive quarter above 40%. However, the consolidated profit comparison requires careful interpretation. Profit after tax, including discontinued operations, declined 42.7% to approximately ₹111.6 crore, largely because the previous year’s comparison included income from operations subsequently classified as discontinued. Profit from continuing operations before exceptional items was nearly unchanged at ₹113.9 crore.
Key Takeaways
- Consolidated revenue from operations increased 11.8% to ₹2,608 crore in Q2 FY27.
- The company’s restaurant applications reached 21 million monthly active users.
- Monthly transacting users across the applications stood at approximately 6 million.
- Consolidated EBITDA rose 7.3% to ₹513 crore, while the margin declined 83 basis points to 19.7%.
- Domino’s India recorded like-for-like growth of 4.1%, improving from 2.5% in Q1 FY27.
- Popeyes reported 53% like-for-like growth and 122% revenue growth.
- The company added 108 net stores during the quarter, taking its global network to 3,820 outlets.
- Domino’s India delivery revenue grew 11.3%, accounting for 75.8% of the brand’s revenue mix.
- The company’s technology investments include AI-powered app search, smart order batching and automated identification of suspicious refund claims.
- Consolidated profit after tax declined 42.7%, but profit from continuing operations before exceptional items increased slightly.
Jubilant FoodWorks Q2 FY27 Revenue Rises to ₹2,608 Crore
Jubilant FoodWorks reported consolidated revenue from operations of ₹2,607.9 crore for the quarter ended September 30, 2026, compared with ₹2,331.7 crore in the corresponding quarter of the previous financial year.
The 11.8% increase reflects growth across the company’s restaurant businesses, particularly Domino’s India and Popeyes.
Consolidated EBITDA increased to ₹513 crore from ₹478 crore in Q2 FY26, representing growth of 7.3%.
However, operating costs increased faster than EBITDA, resulting in a decline in the consolidated EBITDA margin.
| Financial metric | Q2 FY26 | Q2 FY27 | Change |
|---|---|---|---|
| Revenue from operations | ₹2,331.7 crore | ₹2,607.9 crore | +11.8% |
| EBITDA | ₹478 crore | ₹513 crore | +7.3% |
| EBITDA margin | 20.5% | 19.7% | -83 bps |
| Profit from continuing operations | ₹113.4 crore | ₹113.9 crore | +0.5% |
| Consolidated PAT, including discontinued operations | ₹194.6 crore | ₹111.6 crore | -42.7% |
The figures show that revenue growth remained healthy, although profitability did not increase at the same pace.
The company attributed the year-on-year contraction in consolidated EBITDA margin partly to hyperinflation-accounting-related monetary gains and losses in its DP Eurasia business.
This distinction matters because the company’s Indian operations and international businesses operate under different cost and accounting environments.
Restaurant Applications Reach 21 Million Monthly Active Users
One of the most notable developments in the quarterly results was the growth of Jubilant FoodWorks’ digital customer ecosystem.
The company reported that its Domino’s, Popeyes and Hong’s customer applications collectively reached 21 million monthly active users.
The platforms also recorded approximately 6 million monthly transacting users.
These figures provide an indication of the scale of the company’s direct digital customer relationships.
Monthly active users measure people who actively use an application during a month, while monthly transacting users represent customers who complete transactions during the period.
The difference is important. Not every person who opens or uses a restaurant application places an order.
| Digital engagement metric | Q2 FY27 |
|---|---|
| Monthly active users across apps | 21 million |
| Monthly transacting users | Approximately 6 million |
| Apps covered | Domino’s, Popeyes and Hong’s |
The figures suggest that Jubilant FoodWorks has built a sizeable digital audience across its restaurant brands.
For a quick-service restaurant operator, these applications can support several business objectives:
- Direct ordering without depending entirely on third-party food-delivery marketplaces.
- Customer loyalty programmes and personalised offers.
- Collection of customer preferences and ordering patterns.
- Promotion of new products and meal combinations.
- Better management of repeat purchases.
- Improved delivery tracking and customer communication.
The company has increasingly focused on improving its own applications as part of its broader technology strategy.
How AI Is Changing Jubilant FoodWorks’ Restaurant Operations
Jubilant FoodWorks is using technology not only to attract customers but also to improve restaurant operations and control costs.
Its Q2 FY27 shareholder communication described several initiatives designed to improve customer experience, delivery efficiency and financial controls.
AI-powered search improves product discovery
The company has upgraded the search feature in its Domino’s application.
The improved system is designed to understand what customers mean rather than relying only on exact keyword matches.
For example, a customer searching for a particular type of meal or product preference may receive more relevant results even when the search phrase does not exactly match the product name.
Better search functionality can reduce the effort required to find menu items and potentially improve conversion rates.
Smart order batching reduces delivery costs
Jubilant FoodWorks has also rolled out smart order batching across its Domino’s network.
The system identifies orders placed within a short period for nearby delivery addresses and combines them for a single delivery rider where operationally suitable.
This can help reduce unnecessary trips and improve rider productivity.
The company expects to extend the technology to Popeyes in the coming months.
AI helps identify suspicious refund claims
The company’s customer-service chatbot has also been upgraded to identify potentially invalid refund claims and unusual customer-order patterns.
The system can help flag cases involving suspicious cancellations, refund requests and possible misuse of loyalty points.
Such controls can help reduce revenue leakage and improve the management of customer transactions.
These initiatives show how restaurant technology is increasingly being used beyond online ordering. AI is becoming part of inventory management, delivery planning, customer service and operational monitoring.
Domino’s India Records 4.1% Like-for-Like Growth
Domino’s India remained the largest contributor to Jubilant FoodWorks’ domestic restaurant business.
The brand recorded like-for-like (LFL) growth of 4.1% in Q2 FY27, improving from 2.5% in Q1 FY27 and 0.2% in Q4 FY26.
Like-for-like growth measures sales performance at comparable stores that have been operational for a specified period. It helps separate growth generated by existing restaurants from revenue added through new outlets.
The improvement suggests that existing Domino’s stores are generating stronger sales compared with the previous year.
The company attributed the improvement to continued strength in delivery and early signs of recovery in dine-in and takeaway operations.
Domino’s India revenue increased 9.2% year on year, while order growth stood at 6.3%.
Delivery remains the largest sales channel
Delivery continued to account for the largest share of Domino’s India business.
The company’s delivery-channel revenue increased 11.3% year on year, with delivery contributing 75.8% of total revenue for the quarter.
This highlights the importance of home delivery to the brand’s business model.
The company is also working to improve dine-in and takeaway performance through infrastructure upgrades, promotional offers and changes to the in-store experience.
Late-night ordering creates additional demand
Another important development is the expansion of Domino’s late-night service.
Jubilant FoodWorks said more than 90% of its Domino’s India network is now serviceable until 3 AM.
This allows the company to target additional consumption occasions beyond traditional lunch and dinner periods.
Late-night availability can help generate incremental orders, particularly among younger consumers and customers seeking food outside conventional restaurant hours.
Domino’s India Works to Revive Dine-In and Takeaway Sales
Although delivery remains the dominant channel, Jubilant FoodWorks is trying to improve dine-in and takeaway performance.
The dine-in and takeaway (DITA) channel recorded revenue growth of 2.4% year on year.
The company has identified more than 100 stores for infrastructure upgrades, with improvements completed in approximately 20% of the identified locations.
The turnaround programme includes four major areas:
- Improving the customer experience at stores with stronger dine-in potential.
- Upgrading infrastructure across selected restaurants.
- Offering better-value takeaway deals to encourage customers to collect orders.
- Using customer relationship management and local marketing to increase store visits.
The company has introduced its My Meal at ₹119 offer nationally as part of the effort to attract customers to dine-in and takeaway channels.
The objective is to increase store footfall while improving the economics of orders fulfilled through these channels.
However, rebuilding customer habits takes time, and the company has indicated that it will continue focusing on infrastructure and operational improvements during FY27.
Popeyes Revenue Jumps 122% as Like-for-Like Growth Reaches 53%
Popeyes is emerging as an important growth business for Jubilant FoodWorks.
The restaurant brand recorded revenue growth of 122% year on year in Q2 FY27.
Its like-for-like growth reached 53%, marking the fourth consecutive quarter in which the brand delivered growth above 40%.
Popeyes added 11 restaurants during the quarter and expanded its presence to 25 cities.
The company said average daily sales across the brand’s system were broadly comparable with established competitors in most of its markets.
Gross margin at Popeyes improved by 150 basis points year on year.
This is an important development because rapid store expansion can put pressure on restaurant economics if new locations take too long to become profitable.
Jubilant FoodWorks has said that it wants to build Popeyes into a ₹1,000 crore brand over the next three to four years.
The company is focusing on expansion while paying attention to store-level returns and profitability.
Its recent product launches include five paneer burger flavours and a chocolate dessert called Choco Bomb.
The addition of vegetarian products is particularly relevant in India, where restaurant brands need menus that appeal to different dietary preferences.
Jubilant FoodWorks Adds 108 Stores During Q2 FY27
Jubilant FoodWorks continued expanding its restaurant network during the quarter.
The company added 108 net stores across its businesses, taking its global network to 3,820 outlets as of September 30, 2026.
The expansion covered four brands across six markets.
| Store network metric | Q2 FY27 |
|---|---|
| Total global stores | 3,820 |
| Net stores added during the quarter | 108 |
| Domino’s India outlets | 2,601 |
| Popeyes presence | 25 cities |
| Dunkin’ operating stores | 9 |
Domino’s India accounted for 88 of the 108 net additions reported in the earlier business update, taking its network to 2,601 restaurants.
The company has continued entering new markets while increasing its presence in existing cities.
However, store expansion alone does not determine business performance. Restaurant operators must also ensure that new locations generate sufficient sales to cover rent, salaries, utilities, raw materials and other operating costs.
Jubilant FoodWorks has indicated that it will continue to focus on store-level returns while expanding its brands.
Why Consolidated Profit Declined Despite Revenue Growth
One of the more complicated aspects of the Q2 FY27 results is the decline in consolidated profit after tax.
The company reported consolidated PAT of approximately ₹111.6 crore, down 42.7% from ₹194.6 crore in Q2 FY26.
However, the comparison is affected by the reclassification of Dunkin’ as a discontinued operation.
The previous year’s profit included approximately ₹81.2 crore from discontinued operations, while the current quarter recorded a small loss from discontinued operations.
When looking only at continuing operations, the picture is different.
Profit from continuing operations before exceptional items increased slightly to ₹113.9 crore from ₹113.4 crore.
This means the headline decline in total consolidated profit does not represent an equivalent fall in profit from the company’s continuing restaurant businesses.
The company also reported higher interest and depreciation costs, while consolidated EBITDA margins were affected by DP Eurasia’s hyperinflation-accounting adjustments.
Investors should therefore examine continuing operations, operating margins and cash flow alongside the headline PAT figure.
Standalone Business Shows Improving Margins
Jubilant FoodWorks’ standalone performance, which primarily reflects its Indian operations, showed improvement in several operating indicators.
Standalone revenue from operations increased 11.5% to ₹1,885 crore.
Standalone EBITDA grew 12.4% to ₹372 crore.
The standalone EBITDA margin improved to 19.8% from 19.6% in the corresponding quarter last year.
Gross margin expanded by 110 basis points to 75.5%, supported by sourcing efficiencies.
| Standalone financial metric | Q2 FY26 | Q2 FY27 |
|---|---|---|
| Revenue from operations | ₹1,690.2 crore | ₹1,885 crore |
| EBITDA | ₹331.3 crore | ₹372.4 crore |
| EBITDA margin | 19.6% | 19.8% |
| Gross margin | 74.4% | 75.5% |
| Profit after tax | ₹63.9 crore | ₹70.2 crore |
The improvement in standalone EBITDA indicates that the Indian business was able to grow operating earnings faster than revenue during the quarter.
The company attributed the improvement in gross margin partly to sourcing efficiencies and tighter cost controls.
H1 FY27 Revenue Increases 13%
Jubilant FoodWorks also reported growth across the first half of FY27.
Consolidated revenue from operations increased 13% year on year to approximately ₹5,177.5 crore during H1 FY27.
The company reported consolidated profit after tax of approximately ₹211.6 crore for the half year, compared with ₹288.9 crore in H1 FY26.
The comparison was affected by discontinued operations, including the reclassification of Dunkin.
Standalone revenue increased 10.4% to approximately ₹3,733.8 crore.
These figures suggest that the company has maintained revenue growth during the first six months of the financial year, even as reported consolidated profitability has faced comparison-related pressure.
The Bigger Picture
Jubilant FoodWorks’ Q2 performance illustrates how India’s quick-service restaurant industry is increasingly combining physical store expansion with digital customer relationships. Reaching 21 million monthly active users across its restaurant applications gives the company a large direct digital audience, while its technology investments aim to improve ordering, delivery efficiency and customer retention. At the same time, the growth of Popeyes and the gradual recovery of Domino’s dine-in and takeaway channels provide additional sources of business expansion.
However, the results also show that revenue growth and profitability do not always move together. Consolidated EBITDA margins declined, and the headline PAT comparison was affected by discontinued operations and international accounting adjustments. The next stage for Jubilant FoodWorks will involve converting its large digital audience into more transactions, improving restaurant-level economics and sustaining growth without allowing operating costs to rise faster than sales.
Frequently Asked Questions
1. What was Jubilant FoodWorks’ Q2 FY27 revenue?
Jubilant FoodWorks reported consolidated revenue from operations of approximately ₹2,608 crore in Q2 FY27, representing year-on-year growth of 11.8%.
2. How many monthly active users do Jubilant FoodWorks’ apps have?
The company’s Domino’s, Popeyes and Hong’s customer applications collectively reached 21 million monthly active users in Q2 FY27.
3. How many monthly transacting users does the company have?
Jubilant FoodWorks reported approximately 6 million monthly transacting users across its customer applications.
4. How much did Jubilant FoodWorks’ EBITDA grow?
Consolidated EBITDA increased 7.3% year on year to ₹513 crore.
5. Why did Jubilant FoodWorks’ profit decline?
Consolidated PAT declined 42.7% to approximately ₹111.6 crore. The comparison was affected by discontinued operations, including the previous year’s contribution from Dunkin. Profit from continuing operations before exceptional items was nearly unchanged at ₹113.9 crore.
6. How did Domino’s India perform in Q2 FY27?
Domino’s India recorded 4.1% like-for-like growth, while revenue increased 9.2% and order growth reached 6.3%.
7. How did Popeyes perform?
Popeyes reported 122% revenue growth and 53% like-for-like growth. It recorded its fourth consecutive quarter of growth above 40%.
8. How many stores does Jubilant FoodWorks operate?
The company had 3,820 stores worldwide as of September 30, 2026, after adding 108 net stores during the quarter.
9. How is Jubilant FoodWorks using AI?
The company is using AI-powered search in its Domino’s app, smart order batching for deliveries and automated systems to identify suspicious refund claims and unusual customer-order patterns.
10. What is Jubilant FoodWorks’ Popeyes expansion target?
The company aims to develop Popeyes into a ₹1,000 crore brand over the next three to four years.
Looking Ahead
Jubilant FoodWorks is expected to continue focusing on digital engagement, restaurant expansion and improvements in customer experience during the remainder of FY27. The company’s 21 million monthly active users provide a significant base for increasing direct ordering, while its AI-enabled systems could help improve delivery productivity and operational controls. Popeyes is also becoming a more important growth contributor as the company expands its presence across Indian cities.
The key challenge will be translating this growth into stronger and more consistent profitability. Domino’s India needs to sustain its improving like-for-like performance, Popeyes must maintain attractive store-level economics, and the group must manage international cost pressures. The next few quarters will show whether technology investments and a broader restaurant portfolio can support higher revenue while improving margins and cash generation.
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