Jubilant Food. FY26 Results (NSE: JUBLFOOD)
Signal: Steady quarter
The read
FY26 standalone revenue rose 13.0% to ₹68562.20 million, PAT rose 17.1% to ₹2273.05 million and continuing-operations EPS rose 18.4% to ₹3.80; the operating trajectory is positive but not yet a clear margin breakout, with EBITDA margin at 20.5% and the Dunkin exit removing a ₹236.33 million drag while a ₹337.04 million labour-code charge distorts reported comparability.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹951.25 Cr | N/A | N/A |
| EBIT | ₹100.32 Cr | N/A | |
| Net profit | ₹42.85 Cr | N/A | |
| EPS | ₹6.49 | N/A | |
| EBIT margin | 20.6% |
P&L walk
Consolidated FY26 EBITDA was ₹1961.97 million at a 20.6% margin and PAT was ₹428.48 million; the filing's consolidated comparative P&L columns were not available in the supplied XBRL block.
Segments
The business remains a single Food and Beverages segment, while the main portfolio inflection is the approved non-renewal of Dunkin rights, which generated a ₹236.33 million FY26 discontinued loss.
Key positives
- Standalone revenue increased 13.0% to ₹68562.20 million, while PAT grew faster at 17.1% to ₹2273.05 million.
- Continuing-operations EPS increased 18.4% to ₹3.80, tracking profit growth and showing no material PAT-to-EPS dilution gap.
- Operating cash flow increased 18.4% to ₹14173.42 million, exceeding capex of ₹8082.51 million and supporting internally funded expansion.
- Property, plant and equipment increased 21.9% to ₹24638.20 million while CWIP declined to ₹1092.41 million, consistent with assets moving from construction into operations.
Key concerns
- Standalone EBITDA margin was 20.5%, with no disclosed year-on-year expansion in the supplied XBRL block; the recent margin arc therefore remains closer to stabilisation than a confirmed breakout.
- Finance costs increased 6.6% to ₹2755.29 million, while total borrowings and lease liabilities rose to ₹33074.98 million.
- Dunkin discontinued operations produced a ₹236.33 million FY26 loss, creating a continuing portfolio drag before the approved exit.
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