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Master franchisee operating Domino's Pizza in India, also running Dunkin' and Popeyes stores.
Master franchisee operating Domino's Pizza in India, also running Dunkin' and Popeyes stores.
Runs its own Domino's stores in India and pays the brand owner a royalty on sales under a long-term master franchise, so it keeps the store-level profit instead of collecting fees from others. Delivery orders are a large part of the business. It belongs to the Jubilant Bhartia group.
In one line: India's Domino's Pizza franchisee.
Moat: narrow (brand, distribution). Exclusive Domino's master franchise rights in India with an established delivery network.
Headquarters: Noida, India · Founded: 1995 · Employees: 40,355
Size Jubilant Foodworks (JUBLFOOD.NS) is an India Consumer Discretionary company (Restaurants) with a market value of $3.20B, the 277th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹457.20 on 6 Nov 2026.
Performance Over six months the shares fell 4.5%, against +19.4% for the median peer and 0.0% for the India market (cap-weighted) — 4th lowest of 20 in its peer set.
Growth Revenue grew 16.3% over the last twelve months (peer median +10.2%); the operating margin is 9.6% (peer median 7.4%).
Valuation It trades at 61.4× forward earnings against a peer median of 31.7× (4th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 29% a year for seven years (Req g). Recent delivered growth is +23%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 15.9 points above its cost of capital (13.7% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹98.5B | ₹95.1B | ₹81.0B | ₹56.6B | ₹51.6B |
| Revenue growth | — | +17% | +43% | +10% | — |
| Gross profit | ₹43.7B | ₹29.8B | ₹24.8B | ₹18.2B | ₹17.7B |
| EBITDA | ₹19.5B | ₹19.2B | ₹15.4B | ₹11.8B | ₹11.7B |
| Net income | ₹4.34B | ₹4.28B | ₹2.11B | ₹3.99B | ₹3.53B |
| Free cash flow | n/a | ₹7.84B | ₹5.67B | ₹1.26B | ₹2.02B |
| Capital expenditure | n/a | ₹10.1B | ₹8.76B | ₹8.53B | ₹8.42B |
| Total debt | n/a | ₹49.0B | ₹43.7B | ₹42.1B | ₹25.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Jubilant Foodworks JUBLFOOD.NS | $3.20B | -5% | +16% | 10% | 61.4× | 28.6% |
| Devyani International DEVYANI.NS | $1.68B | +8% | +14% | 4% | 323.9× | 52.1% |
| Westlife Foodworld WESTLIFE.NS | $1.08B | +31% | +10% | 5% | 343.5× | 49.0% |
| Sapphire Foods India SAPPHIRE.NS | $715M | +12% | +13% | 4% | 409.8× | 46.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | JUBLFOOD.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.7% | +9.4% | 5th lowest of 21 |
| 6-month return | -4.5% | +19.4% | 4th lowest of 20 |
| Distance from 52-week high | -26.6% | -11.6% | 5th lowest of 21 |
| Revenue growth (TTM) | +16.3% | +10.2% | 8th highest of 21 |
| Operating margin | 9.6% | 7.4% | 8th highest of 21 |
| Forward P/E | 61.4× | 31.7× | 4th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 28.6% | 13.3% | 5th most demanding of 19 |
| Growth delivered (Del g) | +23.5% | +16.5% | 5th highest of 19 |
| Hurdle (Req g minus delivered) | +5.1 pp | -1.6 pp | 5th most demanding of 19 |
| ROIC minus cost of capital | +15.9 pp | +0.4 pp | 3rd highest of 21 |
| EV / EBITDA | 15.5× | 17.0× | 10th cheapest of 21 |
| Net debt / EBITDA | 2.4× | 2.7× | 10th least indebted of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jubilant Foodworks JUBLFOOD.NS | India | $3.20B | -5% | +16% | 10% | 61.4× | 28.6% | +23.5% |
| Shake Shack SHAK | United States | $3.08B | +2% | +17% | 5% | 55.7× | n/a | n/a |
| TORIDOLL 3397.T | Japan | $2.68B | +19% | +3% | 7% | 57.7× | 5.9% | +15.6% |
| Mitchells & Butlers MAB.L | United Kingdom | $2.56B | +25% | +3% | 12% | 10.2× | 4.7% | +12.9% |
| Saizeriya 7581.T | Japan | $2.52B | +60% | +17% | 5% | 26.9× | 4.6% | +19.0% |
| create restaurants 3387.T | Japan | $2.34B | +14% | +3% | 5% | 65.7× | 17.8% | +17.3% |
| Wingstop WING | United States | $4.42B | +26% | +7% | 28% | 35.3× | 21.9% | +22.9% |
| Skylark 3197.T | Japan | $5.18B | +19% | +11% | 7% | 38.5× | 6.4% | +9.7% |
| Cheesecake Factory CAKE | United States | $5.32B | +73% | +8% | 7% | 21.2× | 16.7% | +13.6% |
| SSP SSPG.L | United Kingdom | $1.87B | +17% | +5% | 7% | 13.9× | 2.6% | +20.5% |
| Yoshinoya 9861.T | Japan | $1.84B | +42% | +10% | 4% | 45.5× | 11.2% | +5.8% |
| Guzman y Gomez GYG.AX | Australia | $1.82B | +55% | +19% | 17% | 51.0× | 32.7% | +34.2% |
| Dutch Bros BROS | United States | $5.90B | -36% | +30% | 10% | 31.0× | 36.3% | +38.0% |
| Jersey Mike's Subs JMKE | United States | $6.03B | n/a | +11% | 21% | 26.3× | n/a | n/a |
| Devyani International DEVYANI.NS | India | $1.68B | +8% | +14% | 4% | 323.9× | 52.1% | +37.6% |
| Travel Food Services TRAVELFOOD.NS | India | $1.63B | -6% | -2% | 30% | 31.7× | 13.0% | +15.6% |
| Wendy's WEN | United States | $1.55B | +12% | -1% | 13% | 17.9× | 2.4% | +4.7% |
| Colowide 7616.T | Japan | $1.51B | +21% | +16% | 4% | n/a | 13.6% | +12.3% |
| Monogatari 3097.T | Japan | $1.50B | +43% | +22% | 8% | 25.4× | 2.0% | +18.8% |
| CAVA CAVA | United States | $6.91B | -26% | +27% | 7% | 85.5× | 41.5% | +27.9% |
| Domino's Pizza Enterprises DMP.AX | Australia | $1.48B | +48% | -11% | 5% | 16.9× | 17.9% | -1.4% |