JUBLFOOD
Jubilant Foodworks Limited
India's largest QSR operator — master franchise for Domino's Pizza and Popeyes
Consumer Discretionary›Consumer Services›Leisure Services›Restaurants
jubilantfoodworks.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-16
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
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What you need to know
Jubilant FoodWorks (JFL) sells pizza and fried chicken to consumers through its Domino's and Popeyes restaurants, delivery and app ordering in India, and also operates in Turkey.
Company snapshot
1stBy market cap
Ranked among 9 companies in Restaurants.
What we see
- ✓99% of operating profit came in as cash over the last three years — profits are backed by real cash.
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,369 Cr | 1,378 Cr | 1,573 Cr | 1,933 Cr | 1,955 Cr | 2,151 Cr | 2,103 Cr | 2,261 Cr | 2,340 Cr | 2,437 Cr | 2,499 Cr | 2,570 Cr |
| Operating expenses (approx.) | 1,091 Cr | 1,098 Cr | 1,262 Cr | 1,550 Cr | 1,556 Cr | 1,749 Cr | 1,715 Cr | 1,823 Cr | 1,864 Cr | 1,955 Cr | 2,015 Cr | 2,066 Cr |
| EBITDA | 277 Cr | 280 Cr | 310 Cr | 383 Cr | 399 Cr | 402 Cr | 389 Cr | 438 Cr | 476 Cr | 482 Cr | 485 Cr | 504 Cr |
| OPM % | 20.3% | 20.3% | 19.7% | 19.8% | 20.4% | 18.7% | 18.5% | 19.4% | 20.3% | 19.8% | 19.4% | 19.6% |
| Other income | 7 Cr | 4 Cr | 21 Cr | 17 Cr | 30 Cr | 17 Cr | 11 Cr | 19 Cr | 15 Cr | 18 Cr | 23 Cr | 19 Cr |
| Interest | 57 Cr | 62 Cr | 114 Cr | 134 Cr | 138 Cr | 133 Cr | 117 Cr | 111 Cr | 106 Cr | 104 Cr | 117 Cr | 120 Cr |
| Depreciation | 142 Cr | 152 Cr | 169 Cr | 184 Cr | 201 Cr | 208 Cr | 214 Cr | 220 Cr | 230 Cr | 248 Cr | 269 Cr | 255 Cr |
| Profit before tax | 121 Cr | 86 Cr | 224 Cr | 77 Cr | 82 Cr | 67 Cr | 69 Cr | 126 Cr | 242 Cr | 115 Cr | 107 Cr | 147 Cr |
| Tax % | 19.4% | 23.5% | 7.2% | 24.5% | 18.9% | 35.4% | 28.2% | 25.1% | 19.7% | 36.8% | 23.0% | 32.0% |
| Net profit | 97 Cr | 66 Cr | 208 Cr | 58 Cr | 67 Cr | 43 Cr | 49 Cr | 94 Cr | 195 Cr | 73 Cr | 82 Cr | 100 Cr |
| EPS (₹) | ₹1.47 | ₹1.00 | ₹3.14 | ₹0.85 | ₹0.97 | ₹0.65 | ₹0.73 | ₹1.39 | ₹2.82 | ₹1.07 | ₹1.21 | ₹1.47 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,583 Cr | 3,018 Cr | 3,563 Cr | 3,927 Cr | 3,312 Cr | 4,396 Cr | 5,158 Cr | 5,654 Cr | 8,142 Cr | 9,513 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 2,354 Cr | 2,578 Cr | 2,963 Cr | 3,052 Cr | 2,541 Cr | 3,287 Cr | 4,007 Cr | 4,511 Cr | 6,569 Cr | 7,625 Cr | Sign in free for the trailing twelve months |
| EBITDA | 229 Cr | 440 Cr | 600 Cr | 876 Cr | 771 Cr | 1,109 Cr | 1,152 Cr | 1,143 Cr | 1,572 Cr | 1,888 Cr | Sign in free for the trailing twelve months |
| OPM % | 8.9% | 14.6% | 16.8% | 22.3% | 23.3% | 25.2% | 22.3% | 20.2% | 19.3% | 19.8% | Sign in free for the trailing twelve months |
| Other income | 15 Cr | 23 Cr | 47 Cr | 70 Cr | 73 Cr | 41 Cr | 50 Cr | 42 Cr | 75 Cr | 74 Cr | Sign in free for the trailing twelve months |
| Interest | — | — | 0 Cr | 165 Cr | 163 Cr | 176 Cr | 201 Cr | 288 Cr | 523 Cr | 436 Cr | Sign in free for the trailing twelve months |
| Depreciation | 155 Cr | 160 Cr | 157 Cr | 352 Cr | 375 Cr | 393 Cr | 486 Cr | 598 Cr | 807 Cr | 959 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 88 Cr | 303 Cr | 490 Cr | 403 Cr | 306 Cr | 563 Cr | 489 Cr | 485 Cr | 294 Cr | 591 Cr | Sign in free for the trailing twelve months |
| Tax % | 34.5% | 35.3% | 35.1% | 30.8% | 24.7% | 25.8% | 27.8% | 17.5% | 26.3% | 24.8% | Sign in free for the trailing twelve months |
| Net profit | 58 Cr | 196 Cr | 318 Cr | 279 Cr | 231 Cr | 418 Cr | 353 Cr | 400 Cr | 217 Cr | 444 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹8.77 | ₹29.74 | ₹24.23 | ₹21.22 | ₹17.55 | ₹6.37 | ₹5.35 | ₹6.05 | ₹3.19 | ₹6.49 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | 0.0% | 18.9% | 22.4% | 19.7% | 36.3% | 18.3% | Sign in free for the trailing twelve months |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 66 Cr | 66 Cr | 132 Cr | 132 Cr | 132 Cr | 132 Cr | 132 Cr | 132 Cr | 132 Cr | 132 Cr |
| Reserves | 739 Cr | 902 Cr | 1,128 Cr | 990 Cr | 1,295 Cr | 1,813 Cr | 1,906 Cr | 2,039 Cr | 1,971 Cr | 2,160 Cr |
| Borrowings | — | — | — | — | — | 120 Cr | 183 Cr | 1,497 Cr | 1,502 Cr | 1,745 Cr |
| Other liabilities | 485 Cr | 529 Cr | 594 Cr | 2,238 Cr | 2,331 Cr | 2,707 Cr | 3,162 Cr | 4,385 Cr | 4,843 Cr | 5,428 Cr |
| Total liabilities | 1,291 Cr | 1,497 Cr | 1,856 Cr | 3,371 Cr | 3,767 Cr | 4,782 Cr | 5,382 Cr | 8,126 Cr | 8,528 Cr | 9,561 Cr |
| Fixed assets (net) | 755 Cr | 753 Cr | 771 Cr | 820 Cr | 841 Cr | 1,045 Cr | 1,360 Cr | 1,983 Cr | 2,197 Cr | 2,682 Cr |
| CWIP | 61 Cr | 12 Cr | 15 Cr | 41 Cr | 26 Cr | 40 Cr | 160 Cr | 92 Cr | 179 Cr | 111 Cr |
| Investments | 94 Cr | 263 Cr | 181 Cr | 51 Cr | 517 Cr | 927 Cr | 822 Cr | 308 Cr | 176 Cr | 199 Cr |
| Inventories | 61 Cr | 64 Cr | 77 Cr | 95 Cr | 133 Cr | 161 Cr | 177 Cr | 410 Cr | 406 Cr | 309 Cr |
| Trade receivables | 16 Cr | 16 Cr | 27 Cr | 17 Cr | 17 Cr | 22 Cr | 29 Cr | 265 Cr | 330 Cr | 375 Cr |
| Cash & bank | 35 Cr | 79 Cr | 28 Cr | 196 Cr | 56 Cr | 25 Cr | 30 Cr | 131 Cr | 100 Cr | 129 Cr |
| Other assets | 269 Cr | 310 Cr | 756 Cr | 2,152 Cr | 2,177 Cr | 2,562 Cr | 2,805 Cr | 4,935 Cr | 5,140 Cr | 5,756 Cr |
| Total assets | 1,291 Cr | 1,497 Cr | 1,856 Cr | 3,371 Cr | 3,767 Cr | 4,782 Cr | 5,382 Cr | 8,126 Cr | 8,528 Cr | 9,561 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 204 Cr | 409 Cr | 424 Cr | 728 Cr | 751 Cr | 930 Cr | 1,026 Cr | 1,010 Cr | 1,668 Cr | 1,894 Cr |
| Cash from investing | -188 Cr | -332 Cr | -457 Cr | -99 Cr | -602 Cr | -654 Cr | -595 Cr | -1,285 Cr | -850 Cr | -1,084 Cr |
| Cash from financing | -15 Cr | -35 Cr | -17 Cr | -461 Cr | -289 Cr | -307 Cr | -426 Cr | 377 Cr | -849 Cr | -780 Cr |
| Net cash flow | 0.47 Cr | 42 Cr | -51 Cr | 168 Cr | -140 Cr | -31 Cr | 5 Cr | 102 Cr | -32 Cr | 29 Cr |
| Free cash flow (OCF − Capex) | 3 Cr | 290 Cr | 256 Cr | 444 Cr | 532 Cr | 472 Cr | 184 Cr | 157 Cr | 792 Cr | 884 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 11.0% | 31.3% | 38.8% | 50.1% | 32.6% | 35.6% | 31.1% | 20.7% | 22.2% | 24.8% |
| ROE % | 7.2% | 20.3% | 25.3% | 24.7% | 16.1% | 21.5% | 17.3% | 17.8% | 9.7% | 17.9% |
| Debtor days | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 17 | 15 | 14 |
| Inventory days | 40 | 35 | 35 | 38 | 71 | 63 | 55 | 118 | 88 | 59 |
| Days payable | 208 | 210 | 193 | 179 | 285 | 209 | 174 | 265 | 196 | 198 |
| Cash conversion cycle | -166 | -174 | -155 | -139 | -212 | -145 | -117 | -130 | -93 | -124 |
| OCF / EBITDA % | 88.9% | 92.9% | 70.6% | 83.1% | 97.3% | 83.9% | 89.1% | 88.3% | 106.1% | 100.3% |
| OCF / EBITDA % (3 years) | — | — | 81.7% | 81.5% | 84.7% | 87.4% | 89.3% | 87.1% | 95.8% | 99.3% |
| Debt / equity | — | — | — | — | — | 0.06 | 0.09 | 0.69 | 0.71 | 0.76 |
| Current ratio | 0.58 | 1.07 | 1.49 | 1.21 | 0.97 | 1.00 | 0.67 | 0.60 | 0.57 | 0.36 |
| Net debt / EBITDA | -0.15 | -0.18 | -0.05 | -0.22 | -0.07 | 0.09 | 0.13 | 1.19 | 0.89 | 0.86 |