Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited commented, “Q3 FY25 was a defining quarter for the Company. This success underscores the strength of our strategy  and our team’s dedication. We remain focused on further strengthening Domino’s, enhancing the customer experience,  and accelerating the path to profitability for our emerging brands. We are confident that our customer-centric approach  and investments in technology and innovation will continue to drive sustainable, profitable growth.”  

Sameer Khetarpal, CEO and MD of Jubilant FoodWorks Limited, commented, “This is a quarter of new highs.  Not only in Revenue but also in same store sales growth, store expansion, app traffic, app conversion, customer loyalty,  new customer acquisition and highest absolute EBITDA. We remain focused on building platforms and accelerating our  prowess as a food-tech company.” 

9M FY’25 Update 

Revenue from Operations of Rs. 60,385 million increased 48.0%. The JFL Group network strength is now 3,260 stores  with net addition of 269 stores in the last nine months. EBITDA came in at Rs. 11,837 million, higher by 42.1% and  EBITDA margin was 19.6%, lower by 81 bps. Profit after tax before exceptional item came in at Rs. 1,830 million, lower by 4.6% with 3.0% margin, lower by 167 bps. 

For DP Eurasia, Revenue came in at Rs. 14,262 million with EBITDA Margin of 23.0% and PAT margin of 7.2%. 

Q3 FY’25 Update 

Revenue from Operations of Rs. 21,508 million increased 56.1%. EBITDA came in at Rs. 4,020 million, higher by 43.5% and EBITDA margin was 18.7%, lower by 163 bps. Profit After Tax before exceptional item came in at Rs. 506 million,  lower by 23.0% with 2.4% margin, lower by 241 bps. 

a. India Segment Update 

Revenue from Operations at Rs. 16,111 million registered a growth of 18.9% driven by 18.3% growth in  Domino’s India. Domino’s LFL came in at 12.5% with Domino’s Delivery LFL at 24.7%. EBITDA was Rs. 3,128 million and EBITDA margin came in at 19.4%. Profit after tax and before exceptional items was Rs. 623 million  with 3.9% margin. A total of 67 net stores were added across all brands in India, ending the period with 2,266 stores. 

b. International Segment Update 

In Turkey, Azerbaijan and Georgia, DP Eurasia system sales came in at Rs. 7,544 million. Revenue from  Operations of Rs. 5,044 million, higher by 9.5% quarter-on-quarter, scaled a new peak. EBITDA margin came  in at 18.3%. PAT margin came in at 2.4%. Sri Lanka delivered a record Q3 performance, with revenue up  65.4% year-over-year, driven entirely by same-store sales growth. Strategic initiatives, including store  relocations, new product launches, and focused marketing campaigns, fuelled this impressive turnaround. 

Revenue from Domino’s Bangladesh came in at Rs. 173 million, higher by 38.6%. A total of 63 net stores were  added across all brands in the International markets, ending the period with 994 stores.

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In the fourth quarter, JFL recorded Rs 15,728 million in revenue, an increase of 23.9% from the corresponding period in the last fiscal. Gross Profit was Rs 12,055 million, higher by 26.4%. Profit After Tax came in at Rs 2,089 million and PAT margin was 13.3%.

 JFL’s Revenue from Operations from its India business came at Rs 13,313 million, a growth of 6.3% mainly driven by 4.9% growth in Domino’s India. Domino’s LFL came in at 0.1% while Domino’s Delivery LFL was 7.8%. The new brands contributed 1.4% to overall growth. A total of 89 stores were added across all brands in India.

On the International front, JFL Revenue from Operations stood at Rs 2,427 million. This was primarily driven by revenue contribution of two months at Rs 2,174 million from Turkey, Azerbaijan and Georgia. Revenue from Domino’s Bangladesh came in at Rs 134 million, up by 52.1% on the back of accelerated network expansion. Revenue from Domino’s Sri Lanka came in at Rs 119 million, up by 4.1%. A total of 23 stores were added across all International markets.

Shyam S. Bhartia, Chairman and Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited, said, “FY’24 was a year of significant shift as the acquisition of DP Eurasia elevates the profitable growth trajectory of the JFL Group. This acquisition further solidifies JFL’s longstanding partnership with Domino’s, the world’s largest pizza company, to profitably grow high potential emerging markets. The Group also made noteworthy progress during the year in supporting and nurturing new growth vectors, solidifying its position as one of the leading emerging markets’ foodservice company.”

Sameer Khetarpal, CEO and MD, Jubilant FoodWorks Limited, said, “The March quarter performance was remarkable as Domino’s India’s like-for-like trajectory turned around in Q4. This was achieved through several pre-planned strategic interventions, including strengthened regional infrastructure, enhanced on-ground execution, a comprehensive revamp of the brand, and further refining the value proposition through targeted delivery fee waivers during a period of weak demand. Moreover, the year witnessed substantial progress across every strategic priority, with increased business re- investments that weigh on near-term margins but will be a pivotal catalyst to drive our future growth across all brands and markets.”

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