# Jubilant FoodWorks (JUBLFOOD) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/jublfood

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹457.2
- Change: +0.15%
- As of: 2026-11-06
- 1D return: +0.15%
- 5D return: +8.37%
- 1M return: +6.92%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

JUBLFOOD is trading at ₹457.20, positioned near the upper end of its 20-day range (+98.7%) but in the lower-middle of its 252-day range (+26.4%). The daily setup shows a developing bullish trend, with price holding above key short-term averages (20/50 EMA/SMA) and the Supertrend indicator. This short-term strength is supported by recent positive anomalies, including a +5.0% upward gap on 2026-11-05 and elevated volume on 2026-11-04. However, this daily momentum conflicts with the broader monthly context, where the trend remains bearish (price below all major moving averages and Supertrend) with strong conviction (ADX 51.38). The stock faces immediate resistance at ₹459.50 (0.50% above) and support at ₹451.47 (1.25% below). With annualized volatility at 31.8% and a significant current drawdown of -40.4%, the setup suggests a short-term bounce within a longer-term downtrend.

- Trend Conflict: Daily indicators are bullish (price above 20/50 EMAs), while monthly structure remains strongly bearish (ADX 51.38, price below Supertrend).
- Near-Term Levels: Immediate resistance at ₹459.50; key support at ₹451.47. A break above ₹459.50 could signal further short-term upside.
- Momentum & Volatility: Recent upward gaps and volume spikes indicate active participation, but high volatility (31.8%) and a -40.4% drawdown highlight persistent risk.
- Range Position: Trading near the top of the 20-day range (+98.7%) but still well below the 252-day high (-40.4%), suggesting limited room for short-term expansion without breaking resistance.

- Outside Bar
- Bullish Engulfing Reversal
- Morning Star
- Inside Bar

### What Changed

On November 6, 2026, Jubilant Foodworks reported unaudited financial results for the quarter and half-year ended September 30, 2026. Consolidated revenue from operations grew 11.8% year-on-year to ₹2,607.89 million in Q2FY27, with standalone EBITDA rising 12.4% to ₹372 million. Domino’s India Like-for-Like (LFL) growth accelerated to 4.1% from 2.5% in the prior quarter, while Popeyes delivered robust 53% LFL growth alongside an expansion to 25 cities. DP Eurasia maintained underlying profitability with EBITDA margins above 20%, despite reported declines due to hyperinflation accounting adjustments under Ind AS 29. The company reaffirmed its FY27 capital expenditure guidance of ₹750–900 crore. Concurrently, the Board approved the appointment of Walker Chandiok & Co LLP as statutory auditor for five years, subject to shareholder approval at the upcoming AGM.

- Q2FY27 consolidated revenue reached ₹2,607.89 million (+11.8% YoY), with Domino’s India LFL growth accelerating to 4.1% from 2.5% in Q1FY27.
- Popeyes expanded presence to 25 cities and posted 53% LFL growth; DP Eurasia EBITDA margins remained above 20% despite Ind AS 29 adjustments.
- Board approved Walker Chandiok & Co LLP as new statutory auditor for a five-year term starting after the 32nd AGM, replacing Deloitte Haskins & Sells LLP.
- FY27 Capex guidance maintained at ₹750–900 crore.

- [Nifty reclaims 24,500 as crude prices ease: Can the rally extend further?](https://www.cnbctv18.com/market/nifty-outlook-friday-november-6-index-reclaims-24500-as-crude-prices-ease-can-the-rally-extend-further-20028314.htm)
- [Jubilant Foodworks Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152011_FOutcome_of_BM.pdf)
- [Jubilant Foodworks Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152348_SEIntimationAuditorAppointment.pdf)
- [Jubilant Foodworks Limited has informed the Exchange about Letter to Shareholders on Financial Results |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152646_LettertoShareholders.pdf)

### Official Filings

Jubilant Foodworks Limited reported unaudited financial results for Q2 and H1 FY27 on November 6, 2026. Consolidated revenue from operations grew 11.8% year-on-year to ₹2,607.89 million in Q2, with consolidated profit at ₹1,115.88 million. Standalone EBITDA rose 12.4% to ₹372 million. Brand performance varied: Domino’s India achieved Like-for-Like (LFL) growth of 4.1%, up from 2.5% in the previous quarter, while Popeyes delivered strong 53% LFL growth alongside an expansion to 25 cities. DP Eurasia maintained healthy underlying profitability with EBITDA margins above 20%, though reported EBITDA declined due to hyperinflation accounting adjustments under Ind AS 29. The company reaffirmed its FY27 capital expenditure guidance of ₹750–900 crore.

In a significant governance update, the Board approved the appointment of Walker Chandiok & Co LLP as statutory auditor for five years, subject to shareholder approval, replacing Deloitte Haskins & Sells LLP upon completion of its two consecutive five-year terms at the upcoming 32nd AGM. Shareholding data as of September 30, 2026, indicates public holding at 59.42%.

- Q2FY27 Consolidated Revenue: ₹2,607.89 million (+11.8% YoY); Profit: ₹1,115.88 million.
- Standalone EBITDA Growth: Rose 12.4% to ₹372 million; Domino’s India LFL improved to 4.1% from 2.5% in Q1.
- Popeyes Expansion: Delivered 53% LFL growth and added 11 stores, expanding presence to 25 cities.
- Auditor Change: Board approved Walker Chandiok & Co LLP as new statutory auditor for five years, pending member approval.

- [Jubilant Foodworks Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152011_FOutcome_of_BM.pdf)
- [Jubilant Foodworks Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152348_SEIntimationAuditorAppointment.pdf)
- [Jubilant Foodworks Limited has informed the Exchange about Letter to Shareholders on Financial Results |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152646_LettertoShareholders.pdf)
- [Jubilant FoodWorks Limited has informed the Exchange about Submission of Copies of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/JUBLFOOD_05112026124846_SEIntimationRelodgementNov26.pdf)
- [Jubilant Foodworks Limited has informed the Exchange about Schedule of meet to discuss Q2FY27 and H1FY27 results |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/JUBLFOOD_28102026190627_SEConcallQ2FY27.pdf)
- [JUBILANT FOODWORKS LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3061_WebXMLFile_20261028_191202932.xml)
- [Financial Results |Meeting Date: 06-Nov-2026](https://nsearchives.nseindia.com/corporate/JUBLFOOD_26102026165409_SEIntimationBMNov62026.pdf)
- [JUBILANT FOODWORKS LIMITED has informed the Exchange about Board Meeting to be held on 06-Nov-2026 to inter-alia consider and approve the Audited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3061_WebXMLFile_20261026_171854897.xml)
- [Board Meeting Intimation |Meeting Date: 06-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3061_WebXMLFile_20261026_171854897.xml)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 40.27 | PUBLIC_VAL: 59.42 | EMPTR: .3 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 15-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1738420_15102026094626_WEB.xml)

### Fundamentals

Jubilant Foodworks demonstrates a robust operating trajectory with accelerating earnings quality and improving balance-sheet efficiency. For Q4 FY2025-26, revenue from operations rose sequentially to ₹2,499.47 crore, while net profit increased to ₹82.42 crore, indicating effective cost management as other expenses declined to ₹851.64 crore despite higher finance costs of ₹117.49 crore. This operational strength is reflected in the full-year Mar 2026 results, where sales grew to ₹9,513 crore and net profit more than doubled to ₹444 crore, driving EPS to ₹6.49. Earnings quality remains high, with CFO/EBITDA consistently above 100% (107% in Mar 2026), confirming that profits are converting into cash. The balance sheet shows disciplined working capital management; inventory days compressed significantly from 112 days in Mar 2024 to 42 days in Mar 2026, reducing the cash conversion cycle to -84 days. While borrowings increased to ₹4,902 crore to fund fixed asset growth to ₹7,353 crore, return metrics have improved, with ROCE rising to 15% and ROE reaching 21% for the last year. Institutional sentiment has shifted, with DIIs increasing their stake to 40.33% by Sep 2026, while FIIs reduced theirs to 13.28%. The primary checkpoint for the next period is monitoring whether the sequential revenue growth sustains against the backdrop of rising interest expenses.

- Q4 FY2025-26 Revenue: ₹2,499.47 crore; Net Profit: ₹82.42 crore (sequential increase).
- FY2026 Full-Year Sales: ₹9,513 crore; Net Profit: ₹444 crore; EPS: ₹6.49.
- Earnings Quality: CFO/EBITDA ratio at 107% (Mar 2026); Inventory Days compressed to 42 days.
- Ownership Shift: DIIs increased holding to 40.33% (Sep 2026); FIIs reduced to 13.28%.

### Bull Case

Jubilant Foodworks presents a conditional upside case driven by short-term technical momentum and broader market tailwinds, despite a significant longer-term drawdown. As of 2026-11-06, the stock closed at ₹457.20, flashing bullish signals on daily charts where the Supertrend direction is bullish and the Plus DI (28.03) significantly exceeds the Minus DI (16.95). This short-term strength contrasts with the monthly trend, which remains bearish with a Supertrend direction of bearish and a higher Minus DI (21.83 vs Plus DI 10.26), indicating that the constructive signal is confined to the shorter timeframe. The recent rally coincides with easing crude oil prices and a stronger rupee, factors that typically benefit the food service sector by reducing input costs. Additionally, the stock has recovered +13.2% over the last 10 sessions, suggesting renewed buying interest after a -40.4% current drawdown from its peak. For this constructive interpretation to hold, the stock must sustain above key support levels while navigating near-term resistance at ₹459.50.

- Daily technical indicators are bullish as of 2026-11-06, with the Supertrend direction positive and Plus DI (28.03) leading Minus DI (16.95), signaling short-term momentum.
- The stock has gained +13.2% over the past 10 trading sessions, closing at ₹457.20, contrasting with a -40.4% current drawdown and -21.6% one-year return.
- Macro conditions including easing crude prices and a stronger rupee provide a supportive backdrop for the food service industry's cost structure.
- Monthly trend indicators remain bearish (Supertrend: bearish; Minus DI 21.83  Plus DI 10.26), requiring monitoring of whether short-term gains can overcome longer-term weakness.

- [Nifty reclaims 24,500 as crude prices ease: Can the rally extend further?](https://www.cnbctv18.com/market/nifty-outlook-friday-november-6-index-reclaims-24500-as-crude-prices-ease-can-the-rally-extend-further-20028314.htm)
- [Hitachi Energy, KFin, Jubilant Food flash bullish technical signs: Analyst](https://www.business-standard.com/markets/news/hitachi-energy-kfin-jubilant-food-flash-bullish-technical-signs-analyst-126110500084_1.html)
- [Jubilant Foodworks Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152011_FOutcome_of_BM.pdf)
- [Jubilant Foodworks Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152348_SEIntimationAuditorAppointment.pdf)
- [Jubilant Foodworks Limited has informed the Exchange about Letter to Shareholders on Financial Results |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152646_LettertoShareholders.pdf)
- [Jubilant FoodWorks Limited has informed the Exchange about Submission of Copies of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/JUBLFOOD_05112026124846_SEIntimationRelodgementNov26.pdf)
- [Jubilant Foodworks Limited has informed the Exchange about Schedule of meet to discuss Q2FY27 and H1FY27 results |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/JUBLFOOD_28102026190627_SEConcallQ2FY27.pdf)
- [JUBILANT FOODWORKS LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3061_WebXMLFile_20261028_191202932.xml)
- [Financial Results |Meeting Date: 06-Nov-2026](https://nsearchives.nseindia.com/corporate/JUBLFOOD_26102026165409_SEIntimationBMNov62026.pdf)
- [JUBILANT FOODWORKS LIMITED has informed the Exchange about Board Meeting to be held on 06-Nov-2026 to inter-alia consider and approve the Audited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3061_WebXMLFile_20261026_171854897.xml)

### Bear Case

Jubilant Foodworks faces significant downside pressure, evidenced by a current drawdown of -40.4% and a maximum drawdown of -47.3%. The stock has underperformed over longer horizons, with returns of -21.6% over the past year and -17.3% year-to-date as of November 6, 2026. Technical indicators highlight this weakness: while daily momentum shows some bullish signals, the weekly and monthly trends are bearish, with the monthly Supertrend direction explicitly bearish and an ADI of 51.38 suggesting strong downward trend strength. High volatility (annualized at +31.8%) and a wide Average True Range (2.9%) indicate elevated risk for investors holding positions near support levels.

- Severe Drawdowns: Current price is down -40.4% from peak, with historical maximum drawdown reaching -47.3%, indicating substantial capital erosion.
- Negative Long-Term Returns: One-year return stands at -21.6% and YTD return at -17.3%, reflecting persistent underperformance.
- Bearish Medium/Long-Term Trends: Monthly and weekly technical trends are bearish; monthly ADX is 51.38, signaling a strong downtrend despite short-term daily fluctuations.
- High Volatility Risk: Annualized volatility is +31.8% with ATR at 2.9%, suggesting high price instability and potential for sharp moves.

- [Nifty reclaims 24,500 as crude prices ease: Can the rally extend further?](https://www.cnbctv18.com/market/nifty-outlook-friday-november-6-index-reclaims-24500-as-crude-prices-ease-can-the-rally-extend-further-20028314.htm)
- [Hitachi Energy, KFin, Jubilant Food flash bullish technical signs: Analyst](https://www.business-standard.com/markets/news/hitachi-energy-kfin-jubilant-food-flash-bullish-technical-signs-analyst-126110500084_1.html)
- [Jubilant Foodworks Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152011_FOutcome_of_BM.pdf)
- [Jubilant Foodworks Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152348_SEIntimationAuditorAppointment.pdf)
- [Jubilant Foodworks Limited has informed the Exchange about Letter to Shareholders on Financial Results |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152646_LettertoShareholders.pdf)
- [Jubilant FoodWorks Limited has informed the Exchange about Submission of Copies of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/JUBLFOOD_05112026124846_SEIntimationRelodgementNov26.pdf)
- [Jubilant Foodworks Limited has informed the Exchange about Schedule of meet to discuss Q2FY27 and H1FY27 results |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/JUBLFOOD_28102026190627_SEConcallQ2FY27.pdf)
- [JUBILANT FOODWORKS LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3061_WebXMLFile_20261028_191202932.xml)
- [Financial Results |Meeting Date: 06-Nov-2026](https://nsearchives.nseindia.com/corporate/JUBLFOOD_26102026165409_SEIntimationBMNov62026.pdf)
- [JUBILANT FOODWORKS LIMITED has informed the Exchange about Board Meeting to be held on 06-Nov-2026 to inter-alia consider and approve the Audited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3061_WebXMLFile_20261026_171854897.xml)

### FAQs

**What were Jubilant Foodworks' key financial results for Q2 and H1 FY27?**

For the quarter ended September 30, 2026, consolidated revenue from operations was ₹2,607.87 million with a profit of ₹1,115.88 million. For the half-year, consolidated revenue reached ₹51,775.41 million with a profit of ₹2,116.16 million. Standalone figures showed quarterly revenue of ₹1,884.97 million and profit of ₹702.11 million.

**How did individual brands perform in terms of Like-for-Like (LFL) growth?**

Domino’s India reported LFL growth of 4.1% in Q2FY27, up from 2.5% in Q1FY27. Popeyes delivered strong LFL growth of 53% and expanded its footprint to 25 cities with 11 new stores. DP Eurasia maintained EBITDA margins above 20%, though reported EBITDA declined due to hyperinflation accounting adjustments under Ind AS 29.

**Has there been any change in the company's statutory auditors?**

Yes. The Board approved the appointment of Walker Chandiok & Co LLP as the new statutory auditor for five years, subject to member approval at the upcoming AGM. This follows the completion of Deloitte Haskins & Sells LLP’s two consecutive five-year terms.

**What is the current technical outlook and price action for JUBLFOOD?**

As of November 6, 2026, the stock closed at ₹457.20. Daily technical indicators show bullish signals, including a Supertrend direction of 'bullish' and Plus DI (28.03) exceeding Minus DI (16.95). However, the monthly trend remains bearish. The stock has returned -21.6% over the past year and is currently trading near resistance levels around ₹459.50.

- [Nifty reclaims 24,500 as crude prices ease: Can the rally extend further?](https://www.cnbctv18.com/market/nifty-outlook-friday-november-6-index-reclaims-24500-as-crude-prices-ease-can-the-rally-extend-further-20028314.htm)
- [Hitachi Energy, KFin, Jubilant Food flash bullish technical signs: Analyst](https://www.business-standard.com/markets/news/hitachi-energy-kfin-jubilant-food-flash-bullish-technical-signs-analyst-126110500084_1.html)
- [Jubilant Foodworks Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152011_FOutcome_of_BM.pdf)
- [Jubilant Foodworks Limited has informed the Exchange regarding Change in Auditors of the company. |SUBJECT: Change in Auditors](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152348_SEIntimationAuditorAppointment.pdf)
- [Jubilant Foodworks Limited has informed the Exchange about Letter to Shareholders on Financial Results |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152646_LettertoShareholders.pdf)
- [Jubilant FoodWorks Limited has informed the Exchange about Submission of Copies of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/JUBLFOOD_05112026124846_SEIntimationRelodgementNov26.pdf)
- [Jubilant Foodworks Limited has informed the Exchange about Schedule of meet to discuss Q2FY27 and H1FY27 results |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/JUBLFOOD_28102026190627_SEConcallQ2FY27.pdf)
- [JUBILANT FOODWORKS LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3061_WebXMLFile_20261028_191202932.xml)
- [Financial Results |Meeting Date: 06-Nov-2026](https://nsearchives.nseindia.com/corporate/JUBLFOOD_26102026165409_SEIntimationBMNov62026.pdf)
- [JUBILANT FOODWORKS LIMITED has informed the Exchange about Board Meeting to be held on 06-Nov-2026 to inter-alia consider and approve the Audited Financial results of the Company for the Half Yearly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3061_WebXMLFile_20261026_171854897.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹451.47
- Risk regime: Higher Price Risk

### Support levels
- 448.35
- 437.06875
- 422.25

### Resistance levels
- 459.5
- 468.25625
- 500.175

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.15% |
| return_10 | +13.17% |
| return_1m | +1.66% |
| return_1y | -21.61% |
| return_20 | +6.92% |
| return_3m | -3.34% |
| return_5 | +8.37% |
| return_6m | -2.98% |
| return_since_start | -38.15% |
| return_ytd | -17.35% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -47.30% |
| annualized_volatility | +31.77% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Jubilant Foodworks Limited Q2 FY2026-27: Revenue rises 11.4% year on year

Revenue from operations rose 11.4% year on year to ₹2,607.89 crore in the quarter ended 30 September 2026, while profit before tax increased 2.4% to ₹159.05 crore. Total profit was ₹111.59 crore, down from ₹194.60 crore in Q2 FY2025-26, when discontinued operations contributed ₹84.70 crore; profit from continuing operations grew 3.1% year on year to ₹110.83 crore.

## Revenue and expenses

Revenue from operations increased 1.5% sequentially from ₹2,569.65 crore in Q1 FY2026-27. Total expenses rose 1.1% quarter on quarter to ₹2,468.01 crore and 12.2% year on year. Other expenses edged down 0.3% sequentially to ₹920.84 crore, while finance costs fell 7.0% to ₹111.86 crore.

## Profit and per-share earnings

Profit before tax was ₹159.05 crore, up from ₹147.25 crore in Q1 FY2026-27 and ₹155.39 crore in Q2 FY2025-26. Profit from continuing operations increased 11.8% sequentially to ₹110.83 crore and was 3.1% higher than a year earlier.

The after-tax loss from discontinued operations narrowed to ₹2.32 crore from ₹3.17 crore in Q1 FY2026-27. Total profit consequently rose 11.6% sequentially to ₹111.59 crore, but remained below the year-earlier ₹194.60 crore, which included ₹84.70 crore of profit from discontinued operations.

Basic EPS from continuing operations was ₹1.68, compared with ₹1.52 in Q1 FY2026-27 and ₹1.61 in Q2 FY2025-26. Diluted EPS from continuing and discontinued operations was ₹1.64, up from ₹1.47 sequentially and below ₹2.82 a year earlier. Trailing twelve-month EPS was ₹5.39.

## Cash generation and liquidity

Operating cash flow was ₹976.39 crore and investing cash outflow was ₹404.07 crore, resulting in free cash flow of ₹572.33 crore. Financing activities used ₹594.83 crore during the quarter.

Cash and cash equivalents stood at ₹106.32 crore at 30 September 2026, down from ₹128.82 crore at 31 March 2026. Other bank balances rose from ₹106.06 crore to ₹133.31 crore over the same dates; together, cash and bank balances increased to ₹239.63 crore from ₹234.88 crore.

## Working capital and balance sheet

Inventories were ₹357.11 crore at 30 September 2026, compared with ₹308.52 crore at 31 March 2026 and ₹360.11 crore at 30 September 2025. Current trade receivables were ₹354.89 crore, down from ₹374.78 crore at March-end.

Current liabilities declined to ₹2,332.89 crore from ₹3,520.58 crore at 31 March 2026. Current financial liabilities fell to ₹1,973.53 crore from ₹3,218.34 crore over the same period. Trade payables were ₹963.37 crore at quarter-end, while current tax liabilities were ₹44.40 crore, compared with ₹8.73 crore at March-end.

## Key Takeaway

Revenue growth and higher continuing-operations profit year on year point to improvement in the core reported business, while total profit was lower because the year-earlier quarter included substantial profit from discontinued operations. Free cash flow was positive, but financing outflows exceeded it; cash equivalents fell from March-end, while combined cash and other bank balances were slightly higher.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +40.27%
- FII holding: +13.28%
- DII holding: +40.33%
- Mutual fund holding: +32.85%
- Retail holding: +4.29%
- Promoter pledged: +0.00%

### Major reported shareholders

- Jubilant Consumer Private Limited — +40.27% (Bodies Corporate)
- SBI NIFTY MIDCAP 150 INDEX FUND — +9.48%
- NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA ETF NIFTY MIDCAP 150 — +8.35%
- HDFC MUTUAL FUND - HDFC AGGRESSIVE HYBRID FUND — +2.26%
- ICICI PRUDENTIAL BALANCED ADVANTAGE FUND — +2.11%
- LIFE INSURANCE CORPORATION OF INDIA — +1.97%
- UTI-UNIT LINKED INSURANCE PLAN — +1.58%
- SBI LIFE INSURANCE CO. LTD — +1.43%
- CANARA ROBECO MUTUAL FUND A/C  CANARA ROBECO VALUE  FUND — +1.33%
- SUNDARAM MUTUAL FUND - SUNDARAM CONSUMPTION FUND — +1.16%

## Official filings

- 2026-11-07 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JUBLFOOD_07112026134253_SEintimationforNewspaperPublication06112026.pdf)
- 2026-11-06 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152011_FOutcome_of_BM.pdf)
- 2026-11-06 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152348_SEIntimationAuditorAppointment.pdf)
- 2026-11-06 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026152646_LettertoShareholders.pdf)
- 2026-11-06 — Management Change: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026165837_SEIntimationchangeindateofCS.pdf)
- 2026-11-06 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_3061_WebXMLFile_20261106_170933726.xml)
- 2026-11-06 — Financial Results Filing: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754883_06112026053355_WEB.xml)
- 2026-11-06 — Financial Results Filing: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1754882_06112026053350_WEB.xml)
- 2026-11-06 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_3061_WebXMLFile_20261106_175043958.xml)
- 2026-11-06 — Management Change: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JUBLFOOD_ROID_104150_KMP_Doc.zip)
- 2026-11-06 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JUBLFOOD_06112026182730_CoveringAudioRecordingQ2FY26.pdf)
- 2026-11-06 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3061_WebXMLFile_20261106_184043577.xml)
- 2026-11-05 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JUBLFOOD_05112026124846_SEIntimationRelodgementNov26.pdf)
- 2026-10-28 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JUBLFOOD_28102026190627_SEConcallQ2FY27.pdf)
- 2026-10-28 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3061_WebXMLFile_20261028_191202932.xml)
- 2026-10-26 — Board Meeting Notice: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JUBLFOOD_26102026165409_SEIntimationBMNov62026.pdf)
- 2026-10-26 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3061_WebXMLFile_20261026_171854897.xml)
- 2026-10-26 — Board Meeting Notice: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_3061_WebXMLFile_20261026_171854897.xml)
- 2026-10-15 — Shareholding Disclosure: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1738420_15102026094626_WEB.xml)
- 2026-10-12 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JUBLFOOD_12102026184449_Reg74.pdf)
- 2026-10-07 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JUBLFOOD_07102026170048_Q2FY27_Business_Update.pdf)
- 2026-09-25 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JUBLFOOD_25092026130729_Trading_window_closure.pdf)
- 2026-09-25 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_3061_WebXMLFile_20260925_131354640.xml)
- 2026-09-24 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JUBLFOOD_24092026160630_SE_Intimation_Dividend_Withheld.pdf)
- 2026-09-15 — Generic Announcement: Jubilant Foodworks Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/JUBLFOOD_15092026080925_Intimation_SE__VS_.pdf)

## News and market events

- 2026-11-07 — IANSLIVE.IN: **Business News: Economy & Markets | IANS Live** — Indian equity benchmarks recorded their strongest weekly gains in over a year, rising more than 8 per cent driven by strong foreign institutional investor inflows and positive global cues. Concurrently, the Securities and Exchange Board of India implemented new settlement regulations for administrative and civil proceedings, while primary market fundraising hit a record Rs 2.23 lakh crore through IPOs during Samvat 2082. — [Source](https://ianslive.in/category/Business/1)
- 2026-11-07 — Economic Times: **Jubilant FoodWorks' delivery growth lifts Domino's India; Popeyes emerges as second growth engine** — Jubilant FoodWorks reported strong Q2 FY27 results, with Domino's India revenue rising 9.2% year-on-year driven by an 11.3% increase in delivery orders and improved like-for-like growth. Popeyes emerged as a second growth engine, posting a 122% year-on-year revenue surge and expanding its footprint to 25 cities while targeting Rs 1,000 crore in brand value over the next three to four years. — [Source](https://economictimes.indiatimes.com/industry/cons-products/food/jubilant-foodworks-delivery-growth-lifts-dominos-india-popeyes-emerges-as-second-growth-engine/articleshow/135628353.cms)
- 2026-11-06 — FEEDS: **Jubilant Foodworks Q2 Results: Net Profit Rises 10% To Rs 70.2 Crore; Margin Rises Marginally** — Jubilant Foodworks reported a 10% rise in net profit to Rs 70.2 crore for the second quarter, with margins increasing marginally. Revenue also grew by 11.5% to Rs 1,885 crore, compared to Rs 1,690 crore in the same period of FY26. — [Source](https://www.ndtvprofit.com/markets/jubilant-foodworks-q2-results-net-profit-rises-10-to-rs-70-2-crore-margin-rises-marginally-12292409)
- 2026-11-06 — CNBC-TV18: **Nifty reclaims 24,500 as crude prices ease: Can the rally extend further?** — The Nifty index extended its winning streak to a sixth consecutive session, closing at 24,536 as easing crude oil prices and a stronger rupee supported the rally. Analysts view the reclaiming of key moving averages as a bullish development, with near-term outlooks positive due to firm global cues and improving domestic demand expectations. — [Source](https://www.cnbctv18.com/market/nifty-outlook-friday-november-6-index-reclaims-24500-as-crude-prices-ease-can-the-rally-extend-further-20028314.htm)
- 2026-11-05 — BUSINESS: **Hitachi Energy, KFin, Jubilant Food flash bullish technical signs: Analyst** — Jatin Gedia of Teji Mandi Investment Technologies identified Hitachi Energy, KFin Technologies, and Jubilant FoodWorks as flashing bullish technical signals. The analysis cites specific chart patterns and momentum indicators for these stocks, while noting that the broader Nifty index is approaching a crucial resistance zone where consolidation may occur. — [Source](https://www.business-standard.com/markets/news/hitachi-energy-kfin-jubilant-food-flash-bullish-technical-signs-analyst-126110500084_1.html)
- 2026-10-16 — The Hindu: **Maharashtra FDA resolves 72% of 13,857 complaints in three months; AI filters out over 11,000 invalid submissions** — Maharashtra FDA resolves 71.8% of 13,857 complaints in three months, with AI filtering 11,491 invalid submissions and a surge in complaints about dark stores and quick-commerce. — [Source](https://www.thehindu.com/news/national/maharashtra/maharashtra-fda-resolves-72-of-13857-complaints-in-three-months-ai-filters-out-over-11000-invalid-submissions/article71588249.ece)
- 2026-10-15 — MONEYCONTROL: **Domino’s Pune shocker: FDA suspends Warje outlet licence after cockroaches found in kitchen** — Domino’s Pune outlet, Domino’s outlet licence suspended, Warje Domino’s FDA action, Maharashtra FDA inspection, Tukaram Mundhe — [Source](https://www.moneycontrol.com/city/domino-s-pune-shocker-fda-suspends-warje-outlet-licence-after-cockroaches-found-in-kitchen-article-14053131.html)
- 2026-10-15 — FREEPRESSJOURNAL.IN: **Pune: FDA Suspends Warje Domino’s Licence After Cockroaches Found In Kitchen** — Apart from the presence of cockroaches, officials identified inadequate segregation of vegetarian and non-vegetarian food-handling equipment, incomplete food-receiving temperature records, improper cleaning and sanitation, and unhygienic storage conditions. The inspection also revealed an unpleasant odour from the washroom situated in the dining area and the absence of prescribed identification — [Source](https://www.freepressjournal.in/pune/pune-fda-suspends-warje-dominos-licence-after-cockroaches-found-in-kitchen)
- 2026-10-15 — The Hindu: **From Domino’s outlets to drug manufacturers, Maharashtra FDA cracks down on violations; 19 food establishments suspended** — Maharashtra FDA cracks down on food and drug violations, suspending 19 eateries (including 3 Domino’s) and seizing stock worth crores across the state. — [Source](https://www.thehindu.com/news/cities/mumbai/from-dominos-outlets-to-drug-manufacturers-maharashtra-fda-cracks-down-on-violations-19-food-establishments-suspended/article71585135.ece)
- 2026-10-14 — Times of India: **FDA suspends licence of 3 Domino’s outlets & 14 other eateries | Mumbai News - The Times of India** — FDA suspended licences of 17 Mumbai eateries for hygiene and compliance lapses, including 3 Domino’s outlets, after inspections found pests and unsafe food handling. — [Source](https://timesofindia.indiatimes.com/city/mumbai/fda-suspends-licence-of-3-dominos-outlets-14-other-eateries/articleshow/134946902.cms)
- 2026-10-14 — The Hindu: **Maharashtra FDA suspends licences of three Mumbai eateries, seizes edible oil worth ₹23.35 lakh** — Maharashtra FDA suspends licenses of three Mumbai eateries amid hygiene violations; seizures include ₹23.35 Lakh oil and prohibited items. — [Source](https://www.thehindu.com/news/cities/mumbai/maharashtra-fda-suspends-licences-of-three-mumbai-eateries-seizes-edible-oil-worth-2335-lakh/article71580207.ece)
- 2026-10-13 — MONEYCONTROL: **Tukaram Mundhe-led FDA suspends Domino’s Parel outlet, 2 other Mumbai eateries over food safety lapses** — Tukaram Mundhe, Tukaram Mundhe FDA action, Tukaram Mundhe latest raid, Domino’s Parel outlet, Domino’s Parel outlet sealed — [Source](https://www.moneycontrol.com/city/tukaram-mundhe-led-fda-suspends-domino-s-parel-outlet-2-other-mumbai-eateries-over-food-safety-lapses-article-14051253.html)
- 2026-10-08 — CNBC-TV18: **Jubilant FoodWorks shares in focus after Q2 revenue rises 12%, Domino’s India LFL at 4%** — The company opened 88 new Domino’s stores in India during the quarter, taking its expansion momentum further. On a two-year compounded annual growth rate (CAGR) basis, LFL growth stood at 6.5%, in line with the company’s guidance of 5-7%. — [Source](https://www.cnbctv18.com/market/jubilant-foodworks-share-price-q2-results-revenue-rises-dominos-india-lfl-20007223.htm)
- 2026-10-07 — CNBC-TV18: **Jubilant FoodWorks Q2 Business Update: Revenue up 12%; Domino’s India LFL growth at 4%** — Jubilant FoodWorks added a net 108 stores to its group network during Q2FY27, taking the total store count to 3,820. Domino’s India recorded like-for-like (LFL) growth of 4.1%, while Domino’s Eurasia posted LFL growth of -2.1% after Ind AS 29. — [Source](https://www.cnbctv18.com/market/stocks/jubilant-foodworks-share-price-q2-business-update-revenue-up-12-dominos-india-lfl-growth-at-4-20006858.htm)
- 2026-09-23 — Times of India: **Top stocks to buy today: Stock recommendations for September 23, 2026 - check list** — India Business News: Stock market recommendations: Deepak Fertilisers & Petrochemicals Corp Ltd, Jubilant FoodWorks, and HDFC Life Insurance Company are the top buy ca. — [Source](https://timesofindia.indiatimes.com/business/india-business/top-stock-recommendations-for-september-23-2026-deepak-fertilisers-and-petrochemicals-jubilant-foodworks-hdfc-life-insurance-best-stocks-to-buy-today/articleshow/134415147.cms)
- 2026-09-22 — MONEYCONTROL: **Trade Spotlight: How should you trade Deepak Fertilisers, Lupin, Muthoot Finance, Sapphire Foods, Samvardhana Motherson, and others on September 22?** — Trade Spotlight, Buy Ideas,Top Buy Ideas,Top Picks,Stock Picks,Top Stock Picks,Share Tips,Share Market Tips,Stock Tips,Stock Market Tips,Deepak Fertilisers and Petrochemicals Corporation,Jubilant Foodworks,HDFC Life Insurance Company,ITC,Lupin,Muthoot Finance,Sun Pharmaceutical Industries,Sapphire Foods India,Samvardhana Motherson International — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-deepak-fertilisers-lupin-muthoot-finance-sapphire-foods-samvardhana-motherson-and-others-on-september-22-14034929.html)
- 2026-09-17 — The Hindu: **Popeyes opens new restaurant in Navalur, Chennai** — Popeyes has launched a new restaurant in Navalur, Chennai, taking its presence in the city to 12 outlets, Jubilant FoodWorks said. — [Source](https://www.thehindubusinessline.com/news/national/popeyes-expands-chennai-presence-to-12-restaurants-with-new-navalur-outlet/article71476689.ece)
- 2026-09-15 — BUSINESS: **Sensex settles 778 pts lower; Nifty ends below 23,150** — As per provisional closing data, the S&P BSE Sensex tanked 777.94 points or 1.04% to 74,003.82. The Nifty 50 index lost 279.50 points or 1.19% to 23,118.60. — [Source](https://www.business-standard.com/markets/capital-market-news/sensex-settles-778-pts-lower-nifty-ends-below-23-150-126091500741_1.html)
- 2026-08-28 — BUSINESS: **Meesho, PolicyBazaar among 3 midcap breakout stocks: Kotak Securities** — Amol Athawale of Kotak Securities flagged 'Ascending Triangle' and 'Symmetrical Triangle' breakouts on Meesho and PolicyBazaar weekly charts. — [Source](https://www.business-standard.com/markets/news/stocks-to-buy-meesho-policybazaar-among-3-midcap-breakout-stocks-kotak-securities-126082800253_1.html)
- 2026-08-26 — CNBC-TV18: **Sensex, Nifty finish lower despite gains in financials and metal stocks** — Indian equities ended lower on Wednesday, with the Nifty failing to hold 24,300 despite gains in banks and metal stocks. Kotak Mahindra Bank led the gainers, while IT stocks, Avenue Supermarts and select midcaps came under pressure. — [Source](https://www.cnbctv18.com/market/sensex-nifty-finish-lower-despite-gains-in-financials-and-metal-stocks-19977590.htm)
- 2026-08-26 — BUSINESSTODAY: **ITC, Eternal, Swiggy, HUL, Titan, Jubilant Food shares: BNP Paribas target prices** — ITC share price, Swiggy share price, Eternal share price, Jubilant Food share price, HUL share price, Titan share price — [Source](https://www.businesstoday.in/markets/stocks/story/itc-eternal-swiggy-hul-titan-jubilant-food-shares-bnp-paribas-target-prices-551515-2026-08-26)
- 2026-08-16 — REDIFF.COM: **Maha FDA suspends licences of Domino's outlets over hygiene** — The Maharashtra Food and Drug Administration (FDA) has suspended the food business licences of four Domino's Pizza outlets, including three in Mumbai, and several other chain restaurants like KFC and Pizza Hut, citing alleged violations of food safety and hygiene norms during a special drive. — [Source](https://www.rediff.com/news/report/maha-fda-suspends-licences-of-dominos-outlets-over-hygiene/20260812.htm)
- 2026-08-14 — BUSINESS: **Sensex, Nifty retreat after early slide; Tata Motors PV drags; global cues offer support** — The S&P BSE Sensex shed 70.71 points or 0.09% to 78,009.25. The Nifty 50 index fell 29.85 points or 0.12% to 24,366. — [Source](https://www.business-standard.com/markets/capital-market-news/sensex-nifty-retreat-after-early-slide-tata-motors-pv-drags-global-cues-offer-support-126081401370_1.html)
- 2026-08-14 — MONEYCONTROL: **Jubilant FoodWorks stock jumps 4% after Q1; brokerages eye Domino’s growth improvement, Popeyes momentum** — jubilant foodworks share price today, jubilant foodworks share price target, jubilant foodworks stock update, jubilant foodworks stock rating, jubilant foodworks stock outlook, jubilant foodworks results review, jubilant foodworks earnings analysis, jubilant foodworks analyst ratings — [Source](https://www.moneycontrol.com/news/business/markets/jubilant-foodworks-stock-jumps-4-after-q1-brokerages-eye-domino-s-growth-improvement-popeyes-momentum-14005304.html)
- 2026-08-14 — The Hindu: **Sensex today | Stock Market Live: Sensex, Nifty open lower as West Asia tensions offset easing Fed rate hike bets** — Sensex, Nifty, Share Prices LIVE: Indian equities opened with a cautious bias on Friday as investors weighed easing expectations of a September US rate hike against persistent West Asia tensions, continued foreign selling and weekly losses, while softer crude prices offered some relief. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-14th-august-2026/article71341547.ece)

## Business profile

**Strategic vision:** Operates quick-service restaurants and proprietary food brands.

### Business segments
- **Master Franchise Operations:** The company holds exclusive master franchise rights to develop and operate international quick-service restaurant brands in various countries.
- **Proprietary Brands:** The company develops and operates its own food brands across different cuisine segments.

### Competitive strengths
- Exclusive master franchise rights for international quick-service restaurant brands.
- Network of outlets offering dine-in, delivery, and takeaway services.
- Development and operation of proprietary food brands.

## Related stocks

- [Allied Blenders and Distillers Limited (FMCG)](https://faxioms.com/stocks/abdl) — +1.42%
- [AWL Agri Business Limited (FMCG)](https://faxioms.com/stocks/awl) — -0.24%
- [Colgate Palmolive (India) Limited (FMCG)](https://faxioms.com/stocks/colpal) — -0.53%
- [Devyani International Limited (FMCG)](https://faxioms.com/stocks/devyani) — -0.55%
- [Emami Limited (FMCG)](https://faxioms.com/stocks/emamiltd) — -0.14%

## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/jublfood
Markdown representation: https://faxioms.com/stocks/jublfood?render=md