Key Takeaways
- Jubilant Foodworks Limited Share Price moved to Rs 521 on the NSE as Q1 FY27 revenue rose 14% to Rs 2,570 crore.
- Popeyes revenue growth reached 97% with like-for-like growth above 40% for the third consecutive quarter.
- Brokerages assign upside potential: Bernstein targets Rs 680 and Motilal Oswal targets Rs 625.
- The stock shows mixed signals: around 7% weekly gains and 23% monthly gains, with diverse longer-term performance.
Jubilant Foodworks Limited Share Price moved to Rs 521 on the NSE as Jubilant Foodworks kicked off FY27 with a robust quarter that showcased growth across its two marquee brands–Domino's India and Popeyes. For the April-June quarter, Jubilant Foodworks reported revenue from operations of Rs 2,570 crore, up 14% year-on-year, while EBITDA rose to Rs 360 crore, up 10% YoY. Domino's India delivered 6.5% order growth and 2.5% like-for-like growth, despite last year's high base of 11.6% LFL in the same period. Popeyes continued its momentum, with revenue growth of 97% and LFL growth of over 40% for the third consecutive quarter. Across the group, Jubilant Foodworks added net 76 new stores during the quarter.
These metrics reflect a quarter where growth is increasingly being driven by Popeyes, which is emerging as a major growth engine for the group. Management has signaled confidence in Popeyes as a scaled national brand, with an ambition to build it into a Rs 1,000 crore brand over the next three to four years, while maintaining disciplined store expansion and returns. Bernstein on Jubilant Foodworks stock has maintained an Outperform rating with a target price of Rs 680, underscoring upside potential of around 38%. The broker notes that Domino's India delivered LFL growth of 2.5% in Q1 FY27, which was below expectations, but remains positive on the Popeyes momentum.
Motilal Oswal has a Buy rating on Jubilant Foodworks, with a target price of Rs 625, implying about 27% upside. The brokerage highlights the mid-term margin recovery story, supported by productivity gains, supply-chain efficiencies, and calibrated pricing that offsets commodity inflation. They stress that the Popeyes trajectory, combined with a recovering margin profile, supports a constructive view on the stock’s medium-term path. While Domino's performance appears softer than last year’s boom, the company’s management remains confident about delivering a better overall performance in FY27, driven by an enhanced mix and ongoing cost containment.
For investors across India, the appeal of Jubilant Foodworks lies in the mix shift toward Popeyes and the scalable model for Domino's India, supported by a robust store-add program and improving operating leverage. The stock has gained around 7% in a week and 23% in a month, but it is down more than 6% in 2026 year-to-date, with a history of longer-term volatility: down 18% in one year, up 6% in three years, and down 31% in five years. As a retail investor, you can see that the near-term catalysts are clearly Popeyes’ growth and margin recovery, while the longer-term path will depend on how efficiently Jubilant Foodworks can sustain 5-7% LFL growth plus continued international strength and cost discipline.
Across India, retail investors should watch how the brand expands Popeyes while maintaining returns and how Domino's India handles pricing, input costs, and competitive dynamics. The company also notes that Popeyes’ Average Daily Sales are around Rs 96,000, with several outlets achieving more than Rs 1 lakh in ADS, signaling strong wallet share capture in key markets. On a broader note, the company’s quarterly results illustrate a classic growth engine mix: a high-velocity, high-aspiration brand (Popeyes) supported by a large, established network (Domino's India) that has still room to accelerate through store expansion and efficiency gains.
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| Metric | Value | Notes |
|---|---|---|
| Revenue from operations (Q1 FY27) | Rs 2,570 crore | Up 14% YoY |
| EBITDA | Rs 360 crore | Up 10% YoY |
| Domino's India LFL growth | 2.5% | YoY |
| Domino's India order growth | 6.5% | YoY |
| Popeyes revenue growth | 97% | LFL growth >40% |
| New stores added (quarter) | Net 76 | Group-wide |
| Popeyes ADS (average daily sales) | Rs 96,000 | Some outlets > Rs 1 lakh |
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Frequently Asked Questions
What Were Jubilant Foodworks' Q1 FY27 Revenue And EBITDA?
Revenue from operations was Rs 2,570 crore, up 14% YoY; EBITDA was Rs 360 crore, up 10% YoY.
How Did Domino's India Perform In Q1 FY27?
Domino's India delivered 6.5% order growth and 2.5% like-for-like growth, despite a strong base in the year-ago quarter.
What Is Popeyes Growth Momentum In The Quarter?
Popeyes revenue grew 97% with like-for-like growth above 40% for the third consecutive quarter.
What Price Targets Have Brokers Set For Jubilant Foodworks Limited Share Price?
Bernstein maintains an Outperform rating with a target price of Rs 680; Motilal Oswal assigns a Buy rating with a target price of Rs 625.
How Has Jubilant Foodworks Stock Performed Recently?
The stock rose about 7% in a week and 23% in a month, while it is down 6% in 2026 year-to-date, down 18% in one year, up 6% in three years, and down 31% in five years.
Conclusion
Analysts continue to weigh the risks and opportunities. The brand portfolio shows clear expansion potential, but the stock’s valuation must reflect a growing but still evolving margin profile and a competitive fast-food environment in India. The key takeaway for retail investors is that Jubilant Foodworks is navigating a shift from a high-growth base to a more sustainable growth trajectory that hinges on Popeyes becoming a meaningful profit driver and Domino's India converting traffic and orders into steadier margins. Dynamic pricing, supply-chain optimization, and cost efficiencies will be the levers for the next leg of earnings expansion, while the management’s long-term marquee is Popeyes reaching Rs 1,000 crore revenue in the next 3–4 years.
In sum, the Jubilant Foodworks Limited Share Price narrative for the near term remains positive on growth milestones and the potential for margin improvement, but investors should approach with a balanced view of growth versus profitability. The combination of Popeyes’ momentum, credible store expansion, and disciplined pricing could unlock meaningful upside, aided by brokerages expecting upside in the Rs 625–Rs 680 range. Remember to diversify and calibrate exposure, considering the stock’s volatility and the broader macro backdrop.
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Reference :
1 : Economictimes







