Jubilant FoodWorks (JUBLFOOD) Q4 24/25 earnings summary

Executive summary

• FY2025 saw consolidated revenue reach INR 81,417.26 million, up 44% year-over-year, with system sales nearing $1.1 billion and network expansion to 3,316 stores, including 325 net additions.

• Free delivery drove record new customer acquisition and future sales, while strong EBITDA growth and margins were maintained despite increased delivery mix and competitive pressures.

• Net profit for FY25 was INR 2,171.22 million, down from INR 4,000.73 million in FY24, impacted by higher expenses and one-time impairment charges.

• BP Eurasia completed a year post-acquisition, delivering record system sales, profitability, and high free cash flow, with local debt reduction underway.

• Board recommended a dividend of INR 1.2 per equity share for FY25.

Financial highlights

• Q4FY25 revenue from operations was INR 21,031.83 million, up from INR 15,737.95 million in Q4 FY24; full-year consolidated revenue reached INR 81,417.26 million.

• Standalone revenue for FY25 was INR 61,047 million (up 14.3% yoy); Domino's India EBITDA (pre-Ind-AS-116) at INR 8,566 million (up 12.4% yoy), margin 14.5%.

• Q4FY25 consolidated EBITDA was INR 3,886 million (up 24.8% yoy), margin at 18.5%; FY25 consolidated EBITDA reached INR 15,722 million (up 37.4% yoy), margin at 19.3%.

• Cash generated from operating activities in FY25 was INR 16,680.03 million, up from INR 10,096.41 million in FY24.

• Sri Lanka posted record revenue of INR 810 million, up 45.6%.

Outlook and guidance

• Plans to open 280 Domino's stores (250 in India, 30 in Turkey), 50 coffee cafes, and 30 Popeyes stores in the coming year.

• Margin improvement of at least 200 basis points targeted over the next three years, driven by operational efficiencies and reduced drag from emerging brands.

• Assets and liabilities of the Russian subsidiary classified as held for sale following a share transfer agreement post FY25.

• Focus on value innovation, customer acquisition, technology, and operational productivity.