Overview
- Jubilant FoodWorks, which hit a 52-week low on Tuesday, fell about 10 percent by the close after the business update underscored weak like-for-like sales in its core market.
- Group revenue for the March quarter rose 19.1 percent to Rs 2,505.8 crore, while domestic revenue grew 6.2 percent to Rs 1,686 crore, and the company said the figures are provisional and subject to audit.
- Domino’s India posted just 0.2 percent like-for-like growth, a measure of sales at existing stores, while Domino’s Turkey grew 9 percent, highlighting stronger traction overseas.
- The company added a net 69 stores in Q4, taking the network to 3,663 locations, with Domino’s India up 59 to 2,455 and Turkey up 4 to 787.
- Jubilant FoodWorks will exit Dunkin’ in India after December 31, 2026, which it said is not financially material given the brand’s 0.61 percent revenue share and losses, and it renewed exclusive Domino’s rights for India for 15 years with an option for 10 more.