Jubilant Food Q2 net slips 18%, same-store-sales growth up

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26 Aug, 2025 12:21

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Jubilant FoodWorks has disappointed the street with September quarter earnings missing estimates on all counts. Surging employee costs and rentals dented margins in Q2 significantly.

Net profit of Jubilant FoodWorks slipped 17.6 percent to Rs 23.9 crore in July-September quarter from Rs 29 crore in corresponding quarter last fiscal. During the period, its total income grew 17 percent to Rs 587.5 crore against Rs 501.2 crore on annual basis. Other income in Q2 was lower at Rs 1.6 crore versus 2.1 crore year-on-year.

In Q2, EBITDA increased 3.5 percent to Rs 62.7 crore against Rs 60.6 crore while EBITDA margin at 10.7 percent versus 12.1 percent (Y-o-Y).Jubilant Foodworks, which operates Domino’s Pizza brand in India, was expected to register 20.7 percent year-on-year growth in net profit at Rs 35 crore and 22.7 percent growth in revenue at Rs 615 crore for July-September quarter, according to analysts polled by CNBC-TV18. Analysts saw same-store-sales growth (SSSG) of 5.5-6 percent for the quarter.

SSSG growth was at 3.2 percent in Q2 versus negative 5.3 percent.     

During the period, gross margins expanded 150 basis points at 76.1 percent from 74.7 percent while material cost rose sharply by 11.2 percent to Rs 120.4 crore versus Rs 108.3 crore (Y-o-Y). Employee benefit expenses were up 30 percent at Rs 139 crore and rent, too, climbed 20 percent to Rs 60 crore from Rs 50 crore.The company has opened 29 new Domino’s restaurants and 5 new Dunkin Donuts stores in Q2 and aims to open 150 Dominos restaurants and 35 Dunkin Donuts stores in FY16. Current store count till date stand at  950 dominos across 216 cities and 66 Dunkin Donuts across 23 cities.