Jubilant FoodWorks flags margin squeeze as Domino's parent rides cost wave despite 67% Q4 profit jump

QSR major posts FY26 revenue of ₹9,512 cr (+17.4%) and profit of ₹444 cr (+104.6%), but warns of 100-120 bps energy cost hit plus wage and commodity inflation. No major price hikes planned; MOV cut from ₹149 to ₹99 to defend share. Targets 280-300 new stores; Dunkin' exit set for Dec 2026.

— Source publishedWed, 20 May, 2026, 21:19 IST·First seen Wed, 20 May, 2026, 21:24 IST·Source Mint

What happened

Jubilant FoodWorks flags near-term margin pressure from LPG/PNG, wage and commodity inflation despite Domino's gaining QSR share. Q4 revenue up 19.3%, profit up

Key facts

  • Q4 revenue ₹2,499.46 cr (+19.3% YoY)
  • Q4 net profit ₹82.42 cr (+67%)
  • FY26 revenue ₹9,512.51 cr (+17.37%)
  • FY26 net profit ₹444.24 cr (+104.61%)
  • 2,562 stores
  • 2,455 Domino's
  • 78 Popeyes
  • 29 Hong's Kitchen
  • energy cost impact 100-120 bps
  • MOV cut ₹149 to ₹99
  • 280-300 new restaurants planned

Why this matters

The Dunkin' wind-down by Dec 2026 alongside 280-300 new Domino's openings clarifies a single-brand scale-up thesis, opening room for tuck-in QSR or cloud-kitchen acquisitions to fill the portfolio gap.

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