StrengthTalking point
Profit outpacing revenue
Profit grew 104.6% while revenue grew 16.8%, so the company kept more of each rupee of revenue as profit.
Importance 72 / 95 · growth
Jubilant Foodworks Limited · Research view
Jubilant Foodworks Limited
NSE: JUBLFOODBSE: 533155ISIN INE797F01020Face value ₹2consolidated
₹444
−2.42% · 2026-10-01 · 52-wk ₹412–₹628
Financials to FY2026 · 8 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis
What stands out?
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
StrengthConcernWatchContext
Strength
Earnings consistently backed by cash
Operating cash flow has matched or exceeded reported profit in 6 of the last 6 profit-making years (latest 4.26×).
Importance 55 / 95 · cash quality
StrengthTalking point
Compounding revenue
Revenue compounded at 15.1% a year over 7 years (₹3,563 → ₹9,513).
Importance 55 / 95 · growth
Context
Stock has lagged the business
Over 5 years profit compounded at 14.0% a year while the stock fell 11.3% a year — the FY2021 base was somewhat depressed, so part of this is recovery rather than trend.
Importance 55 / 95 · business vs stock
Section 03 · The company
Who is this company?
Classified by the exchange under Consumer Discretionary › Consumer Services › Leisure Services › Restaurants.
- Market cap
- ₹29,297 cr
- FY2026 revenue
- ₹9,513 cr
- FY2026 net profit
- ₹444 cr
- Net worth
- ₹2,388 cr
- Total debt
- ₹1,745 cr
- EPS (basic)
- ₹6.49
- Listed
- NSE · BSE
- Reporting
- Ind-ASApr–Mar
Peer set used on this page: 3 leisure services.
Section 04 · Business performance
Is the business growing?
RevenueNet profit
Strength
Profit grew 104.6% while revenue grew 16.8%, so the company kept more of each rupee of revenue as profit.
Rule PROFIT_FASTER_THAN_REVENUE
- Revenue growth per year
- +15.1%over 7 years
- Revenue growth
- +16.8%vs last year
- Net profit growth
- +104.6%vs last year
- Change in net profit since FY19
- +40%
Revenue compounded at 15.1% a year over 7 years (₹3,563 → ₹9,513).
Net profit rose 104.6% to ₹444 — but FY2025 was a depressed ₹217 (vs a ~₹336 historical norm), so this is a recovery. Profit has compounded 4.9% a year over 7 years.
Revenue grew 16.8% year on year (FY2025 → FY2026).
Section 05 · Recent activity
What changed recently?
Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.
Strength
Q1 FY27 revenue was ₹2,570 cr, up 13.7% from ₹2,261 cr in Q1 FY26 a year earlier.
Rule QTR_REVENUE_GROWTH_YOY
Strength
Q1 FY27 revenue of ₹2,570 cr is the highest of the 16 quarters on record for this company.
Rule QTR_REVENUE_AT_RECORD
Watch
Q1 FY27 effective tax rate was 32.7% (tax ₹48 cr on PBT ₹147 cr), vs 25.2% a year earlier.
Rule QTR_TAX_RATE_CHANGE_YOY
A. Quarterly results
RevenueNet profit
| Quarter | Revenue | YoY | Net profit | YoY | Net margin |
|---|---|---|---|---|---|
| Q2 FY25 | 1,955 | — | 67 | — | 3.4% |
| Q3 FY25 | 2,151 | +56.1% | 43 | −34.2% | 2.0% |
| Q4 FY25 | 2,103 | +33.7% | 49 | −76.3% | 2.3% |
| Q1 FY26 | 2,261 | +17.0% | 94 | +62.6% | 4.2% |
| Q2 FY26 | 2,340 | +19.7% | 195 | +192.5% | 8.3% |
| Q3 FY26 | 2,437 | +13.3% | 73 | +68.6% | 3.0% |
| Q4 FY26 | 2,499 | +18.8% | 82 | +67.1% | 3.3% |
| Q1 FY27 | 2,570 | +13.7% | 100 | +6.0% | 3.9% |
B. TTM snapshot
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
- Revenue
- ₹9,846 crTTM
- EBITDA
- ₹2,022 crTTM
- EBIT
- ₹1,019 crTTM
- PBT
- ₹538 crTTM
- Net profit
- ₹450 crTTM
C. Corporate actions
17 Jul 2026DividendDividend - Rs. - 1.2000 — ₹1.20/share
18 Jul 2025DividendFinal Dividend - Rs. - 1.2000 — ₹1.20/share
12 Jul 2024DividendFinal Dividend - Rs. - 1.2000 — ₹1.20/share
12 Jul 2023DividendFinal Dividend - Rs. - 1.2000 — ₹1.20/share
8 Jul 2022DividendFinal Dividend - Rs. - 1.2000 — ₹1.20/share
19 Apr 2022Stock splitStock Split From Rs.10/- to Rs.2/- — 10:2
6 Aug 2021DividendFinal Dividend - Rs. - 6.0000 — ₹6.00/share
9 Mar 2020DividendInterim Dividend - Rs. - 6.0000 — ₹6.00/share
16 Sept 2019DividendFinal Dividend - Rs. - 5.0000 — ₹5.00/share
18 Sept 2018DividendDividend - Rs. - 2.5000 — ₹2.50/share
21 Jun 2018Bonus issueBonus issue 1:1 — 1:2
18 Aug 2017DividendDividend - Rs. - 2.5000 — ₹2.50/share
24 Aug 2016DividendDividend - Rs. - 2.5000 — ₹2.50/share
26 Aug 2015DividendDividend - Rs. - 2.5000 — ₹2.50/share
Section 06 · Business performance
Is it becoming more profitable?
EBITDA marginNet margin
Concern
EBITDA margin of 20.6% is below the leisure services median of 35.9%.
Rule MARGIN_BELOW_PEER_MEDIAN
- EBITDA margin now
- 20.6%
- 8-year range
- 18.2–26.2%
- ROE FY2026
- 19.4%
- ROCE FY2026
- 25.7%
ROE rose from 9.8% to 19.4% — but FY2025 was a depressed year, so this is a rebound rather than a step-up.
EBITDA margin has ranged from 18.2% to 26.2% over 7 years and sits at 20.6% now.
Section 07 · Financial health
Is financial health improving?
Net worth (shareholders' funds)
Strength
Operating cash flow has matched or exceeded reported profit in 6 of the last 6 profit-making years (latest 4.26×).
Rule CFO_CONSISTENTLY_EXCEEDS_PAT
Operating cash flowNet profit
- Total debt
- ₹1,745 cr
- Operating cash flow ÷ net profit
- 4.26×FY2026
- Free cash flow
- ₹900 cr
- Current ratio
- 0.36×
Free cash flow has been positive in 6 of the last 6 years.
Operating profit covers interest only 2.30× (FY2026).
Section 08 · Relative position
How does it compare with peers?
Ranked against 3 leisure services (FY2026, consolidated).
Revenue growth
JUBLFOOD · 1st of 3 · set median 16.3%
EBITDA margin
JUBLFOOD · 3rd of 3 · set median 35.9%
Return on equity
JUBLFOOD · 2nd of 3 · set median 19.4%
P/E ratio
JUBLFOOD · 3rd of 3 · set median 44.2×
Context
Trades at 65.11× earnings — 47% above the leisure services median of 44.15×.
Rule PE_ABOVE_PEERS
- P / E
- 65.1×TTM to Jun 26
- P / B
- 12.3×latest book
- P / S
- 3.0×TTM sales
- Earnings yield
- 1.5%TTM to Jun 26
On the trailing twelve months. Last full year: P/E 65.9× · P/S 3.1× · ROE 19.4%.
Section 09 · The stock
How has the stock performed?
Context
Over 5 years profit compounded at 14.0% a year while the stock fell 11.3% a year — the FY2021 base was somewhat depressed, so part of this is recovery rather than trend.
Rule STOCK_LAGGED_EARNINGS · rebound
- 1-year return
- −28.3%
- 3-year return
- −16.7%
- 5-year return
- −45.1%
- From 52-wk high
- −29.3%
Section 10 · Technical data
What does the technical data say?
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
- vs 50-day avg
- Below₹478
- vs 200-day avg
- Below₹479
- RSI (14)
- 35.2neutral
- MACD histogram
- -4.2
- From 52-wk high
- −29.3%
- From 52-wk low
- +7.7%
- 30-day volatility
- 27.4%ann.
- 6-month return
- +2.3%
Section 11 · Open questions
What should I investigate further?
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
- ConcernThinner margins than peersEBITDA margin of 20.6% is below the leisure services median of 35.9%.MARGIN_BELOW_PEER_MEDIAN · conviction 49
- ConcernThin interest coverOperating profit covers interest only 2.30× (FY2026).INTEREST_COVER_LOW · conviction 41
- Cash-flow-statement facts are unavailable for FY2019, FY2020 — those filings predate SEBI's Cash Flow Statement disclosure requirement. All other loaded years carry full P&L, balance sheet and cash-flow data.
Section 12 · Reference
The numbers
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,563 | 3,927 | 3,312 | 4,396 | 5,158 | 5,654 | 8,142 | 9,513 |
| Total income | 3,611 | 3,997 | 3,385 | 4,437 | 5,209 | 5,696 | 8,217 | 9,587 |
| EBITDA | 647 | 945 | 844 | 1,150 | 1,202 | 1,185 | 1,648 | 1,962 |
| Profit before tax | 490 | 403 | 306 | 574 | 515 | 470 | 314 | 534 |
| Net profit | 318 | 279 | 231 | 418 | 353 | 400 | 217 | 444 |
| EPS (₹) | 24.2 | 21.2 | 17.6 | 31.7 | 5.3 | 6.0 | 3.2 | 6.5 |
| Net worth | 1,262 | 1,133 | 1,436 | 1,955 | 2,038 | 2,243 | 2,183 | 2,388 |
| Total debt | 0 | 0 | 0 | 120 | 183 | 1,497 | 1,502 | 1,745 |
| Operating cash flow | — | — | 751 | 930 | 1,026 | 1,010 | 1,668 | 1,894 |
| Free cash flow | — | — | 532 | 541 | 237 | 173 | 810 | 900 |
| Ratio | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Growth | ||||||||
| Revenue growth YoY | — | 10.2 | -15.7 | 32.7 | 17.3 | 9.6 | 44.0 | 16.8 |
| Profit growth YoY | — | -12.3 | -17.3 | 81.4 | -15.6 | 13.3 | -45.7 | 104.6 |
| Profitability | ||||||||
| EBITDA margin % | 18.2 | 24.1 | 25.5 | 26.2 | 23.3 | 21.0 | 20.2 | 20.6 |
| Net margin % | 8.8 | 7.0 | 6.8 | 9.4 | 6.8 | 7.0 | 2.6 | 4.6 |
| Return on equity % | 25.2 | 23.3 | 17.9 | 24.7 | 17.7 | 18.7 | 9.8 | 19.4 |
| Return on capital % | 38.8 | 49.5 | 36.5 | 43.1 | 33.3 | 19.7 | 22.7 | 25.7 |
| Leverage & cash | ||||||||
| Debt to equity | 0.00 | 0.00 | 0.00 | 0.06 | 0.09 | 0.67 | 0.69 | 0.73 |
| Cash flow ÷ profit | — | — | 3.26 | 2.22 | 2.91 | 2.52 | 7.68 | 4.26 |
| Current ratio | 1.49 | 1.21 | 0.97 | 1.00 | 0.67 | 0.60 | 0.57 | 0.36 |