Jubilant Foodworks Limited (JUBLFOOD) AI Stock Analysis

• Market Cap: ₹340.71B
• Dividend Yield: 0.21%
• Average Volume (3M): 47.44K
• Price to Earnings (P/E): 92.1
• Beta (1Y): 1.09
• Revenue Growth: 29.48%
• EPS Growth: -6.19%
• Country: IN
• Employees: 9,239
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): 1.00
• Shares Outstanding: 659,845,200
• 10 Day Avg. Volume: 77,453
• 30 Day Avg. Volume: 47,444
• PEG Ratio: -4.37
• Price to Book (P/B): 20.67
• Price to Sales (P/S): 5.34
• P/FCF Ratio: 53.98
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹650.00
• Price Target Upside: 17.52% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹575.00 ▲(3.96% Upside)

Jubilant Foodworks Limited shows strong financial performance with significant revenue growth and robust operating cash flows. However, the high P/E ratio indicates overvaluation, and technical indicators suggest potential short-term weakness. The company faces challenges in maintaining profit margins and managing leverage, which could impact future growth.

Positive Factors

Revenue Growth

Sustained strong top-line expansion demonstrates widening market acceptance and successful unit expansion. Durable revenue growth supports operating leverage, funds reinvestment in stores and digital channels, and underpins long-term scale economics across franchised and company stores.

Operating Cash Flow Strength

Consistent growth in operating cash flow indicates the business converts sales into cash reliably. This durable cash generation supports capex for new stores, funds working capital, and reduces dependency on external financing during normal growth cycles, improving financial flexibility.

Franchise-led, Asset-light Model & Digital Reach

A franchise-heavy model combined with digital ordering creates an asset-light path to scale with recurring royalties and lower capex per store. Structural mix of company and franchise outlets plus delivery/digital channels supports durable margin and rapid footprint expansion without proportional balance sheet strain.

Negative Factors

Rising Leverage

Growing reliance on debt raises interest and refinancing risk, which can constrain strategic options. Elevated leverage reduces buffer for margin shocks, limits room for aggressive rollouts or marketing, and increases sensitivity to macro or rate changes over the medium term.

Margin Compression / Net Profit Decline

A falling net margin despite revenue growth signals cost pressure or one-off impacts that erode retained earnings. Persistent margin weakness would limit reinvestment capacity, lower return metrics, and challenge the sustainability of cash flows used to service debt and fund expansion.

Volatile Free Cash Flow

Material FCF variability complicates planning and raises the likelihood of episodic external funding needs. If capital spending cycles spike, the company may tap debt or delay investments, increasing execution risk and potentially weakening franchisee or store-level support during critical growth phases.

Jubilant Foodworks Limited Business Overview & Revenue Model

Company Description

Jubilant FoodWorks Limited operates as a food service company. The company develops and operates Domino's Pizza restaurants in India, Sri Lanka, Bangladesh, and Nepal; Dunkin' Donuts and Hong's Kitchen restaurants in India; and Popeyes restaurants in India, Bangladesh, Nepal, and Bhutan. It also offers ready-to-cook sauces, gravies, dips, and pastes under the ChefBoss brand. As of March 31, 2022, the company operated 1,625 Domino's Pizza restaurants in 349 cities; 28 Dunkin' Donuts restaurants in 8 cities; 15 Hong's Kitchen restaurants in 4 cities; 4 Popeyes restaurants in Bengaluru; and 9 Ekdum! Restaurants in 3 cities. It also sells its products online. The company was incorporated in 1995 and is based in Noida, India.

How the Company Makes Money

Jubilant Foodworks generates revenue primarily through the sale of food and beverages at its franchise and company-owned outlets. Its main revenue streams include dine-in services, takeout, and home delivery, with a significant portion of sales coming from online orders via its app and website. The company operates on a franchise model, where it earns royalties and fees from its franchisees in addition to direct sales from its own stores. Strategic partnerships with delivery platforms and investments in technology for online ordering and customer engagement have also contributed to increased sales and customer retention, enhancing overall profitability.

Jubilant Foodworks Limited Financial Statement Overview

Summary

Jubilant Foodworks Limited has demonstrated impressive revenue growth and strong operating cash flows. However, challenges in maintaining net profit margins and increasing leverage may pose risks. The company should focus on improving cost efficiency and managing debt levels to sustain its growth trajectory.

Income Statement

Jubilant Foodworks Limited has shown strong revenue growth from 2021 to 2025, with a significant increase in total revenue by 147% over the period. The gross profit margin has remained robust, indicating effective cost management. However, the net profit margin declined notably in 2025 due to a drop in net income, which indicates potential challenges in controlling operational costs or other expenses.

Balance Sheet

The company has a moderate debt-to-equity ratio, which increased over the years due to rising debt levels, suggesting a growing reliance on debt financing. The equity ratio has decreased, pointing towards higher leverage. However, the return on equity remains healthy, indicating efficient utilization of equity.

Cash Flow

Operating cash flow has grown steadily, aligning with revenue growth. However, the free cash flow was volatile, with significant fluctuations due to varying capital expenditures. The company's ability to generate cash from operations remains strong, although the free cash flow to net income ratio shows room for improvement.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	84.70B	81.42B	56.55B	51.58B	43.96B	33.12B
Gross Profit	37.84B	24.71B	18.16B	17.72B	16.41B	10.18B
EBITDA	16.99B	16.43B	13.56B	12.02B	11.43B	8.44B
Net Income	2.47B	2.11B	3.99B	3.53B	4.20B	2.32B
Balance Sheet
Total Assets	0.00	85.28B	81.26B	53.82B	47.82B	37.67B
Cash, Cash Equivalents and Short-Term Investments	2.11B	2.11B	2.55B	3.82B	6.63B	6.21B
Total Debt	0.00	43.72B	42.07B	25.54B	21.06B	16.20B
Total Liabilities	-21.83B	63.45B	58.82B	33.44B	28.27B	23.31B
Stockholders Equity	21.83B	21.03B	21.71B	20.38B	19.45B	14.27B
Cash Flow
Free Cash Flow	0.00	8.05B	1.57B	1.84B	4.72B	5.07B
Operating Cash Flow	0.00	16.68B	10.10B	10.26B	9.30B	7.51B
Investing Cash Flow	0.00	-8.50B	-13.74B	-5.95B	-6.54B	-6.02B
Financing Cash Flow	0.00	-8.49B	3.77B	-4.26B	-3.07B	-2.89B

Jubilant Foodworks Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 553.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JUBLFOOD, the sentiment is Neutral. The current price of 553.1 is above the 20-day moving average (MA) of 510.24, above the 50-day MA of 548.30, and below the 200-day MA of 623.94, indicating a neutral trend. The MACD of -9.65 indicates Negative momentum. The RSI at 61.98 is Neutral, neither overbought nor oversold. The STOCH value of 79.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:JUBLFOOD.

Jubilant Foodworks Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DEVYANI	63 Neutral	₹152.01B	-372.74	―	―	20.91%	-202.35%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
JUBLFOOD	61 Neutral	₹340.71B	92.10	―	0.21%	29.48%	-6.19%
SAPPHIRE	59 Neutral	₹65.16B	-9,184.87	―	―	10.18%	-104.25%
WESTLIFE	52 Neutral	₹74.38B	263.06	―	0.14%	6.65%	73.46%
BARBEQUE	51 Neutral	₹9.63B	-14.29	―	―	-1.36%	-516.77%
RBA	41 Neutral	₹36.95B	-18.70	―	―	7.75%	20.28%

Jubilant Foodworks Limited Corporate Events

Jubilant FoodWorks Faces Rs 169.6 Crore Tax Demand, Plans to Contest Order

Jubilant FoodWorks Limited has disclosed that it received an income tax assessment order for financial year 2021-22, raising a tax demand of Rs 169.59 crore based on alleged mistakes apparent from records, disallowance of certain expenses and transfer pricing adjustments. The company contends that the order overlooks its submissions and is filing a rectification application and/or appeal before the appropriate authorities, while stating it does not expect any material financial implications from the demand, suggesting limited anticipated impact on its operations and financial position at this stage.

Jubilant FoodWorks Exits Hashtag Loyalty with Sale of Entire 31.66% Stake

Jubilant FoodWorks has agreed to sell its entire 31.66% stake in Hashtag Loyalty Private Limited, an associate company whose business operations had already been discontinued, to one of Hashtag’s founders, Karan Chechani. The company had fully impaired its investment in Hashtag in the previous financial year, and Hashtag contributed negligibly to Jubilant’s consolidated income and net worth, indicating minimal financial impact from the exit. The share purchase agreement, signed on 29 December 2025, values the stake at Rs 6,415.94 and is expected to close by 12 February 2026, after which Hashtag will cease to be an associate, underscoring Jubilant’s move to streamline its portfolio around core operations while avoiding related-party concerns as the buyer is outside its promoter and group entities.

Jubilant FoodWorks to Appeal GST Demand Order from Mohali Tax Authority

Jubilant FoodWorks Limited has disclosed that the Assistant Commissioner, CGST Division I, Mohali has issued an order demanding goods and services tax (GST) of ₹81.16 lakh, an equivalent penalty, and applicable interest linked to allegedly excess input tax credit claimed under the Input Service Distribution mechanism. The company contends the order is incorrect and does not adequately consider its arguments, and it plans to challenge the demand through an appeal, while emphasizing that the matter is not expected to have a material impact on its financials, operations, or other activities.

Jubilant Foodworks Opens Special Window for Share Transfer Re-lodgement

Jubilant Foodworks Limited announced the publication of newspaper advertisements regarding a special window for the re-lodgement of transfer deeds of physical shares, as per a SEBI circular. This move is part of the company’s compliance with regulatory requirements and aims to facilitate shareholders in managing their physical share transfers, potentially impacting shareholder engagement and operational transparency.

Jubilant Foodworks Releases Q2FY26 Conference Call Recording

Jubilant Foodworks Limited announced the availability of the audio recording for its Q2FY26 results conference call, which is now accessible on the company’s website. This move ensures transparency and provides stakeholders, including analysts and investors, with insights into the company’s financial performance and strategic direction.