Jubilant FoodWorks Sees 44 Pc Rise in Annual Revenue

Jubilant FoodWorks Ltd (JFL), the operator of Domino’s Pizza in India and several international markets, reported a 34 percent rise in consolidated revenue from operations, reaching Rs 2,107 crore in the March 2025 quarter, according to its latest quarterly update. The company’s consolidated revenue for FY25 stood at Rs 8,145.5 crore, registering a 44 percent annual growth, supported by the company’s acquisition-led global expansion.

The increase in consolidated revenue is primarily attributed to the acquisition of a controlling stake in DP Eurasia NV during the March quarter of FY24. DP Eurasia is the exclusive master franchisee of Domino's Pizza in Turkey, Azerbaijan, and Georgia.

On a standalone basis, JFL’s revenue from operations grew 19.1 percent to Rs 1,587.2 crore for the March quarter. For the full fiscal year, standalone revenue increased 14.3 percent, reaching Rs 6,104.7 crore.

Promoted by the Bhartia family, JFL holds the master franchise for Domino’s Pizza in India, along with rights in Bangladesh, Sri Lanka, Turkey, Azerbaijan, and Georgia. It also operates Dunkin’ and Hong’s Kitchen, with about 30 stores for each brand.

“As of the quarter's end, the JFL Group network reached 3,316 stores, with a net addition of 56 stores during the quarter,” the company stated in its update. In India, Domino’s added 52 new outlets, closed 12, and ended the quarter with 2,179 stores, making it the second largest network globally for the US-based pizza chain.

In Turkey, Domino’s added 8 new stores, taking the total to 746 outlets by the end of the quarter. The company noted that the reported revenue numbers are provisional and will be subject to audit by statutory auditors.