Jubilant FoodWorks shares rise after Q1 results; analysts cite Popeyes momentum and Domino’s recovery

Shares of Jubilant FoodWorks rose 4% in Friday morning trading after the company reported its fiscal first-quarter results. Analysts largely highlighted the potential for a recovery in Domino’s India growth, while Popeyes continued to emerge as a strong performer within the company’s portfolio.The stock was trading at Rs 511, making it one of the top midcap gainers during the session. Jubilant FoodWorks Profit Rises 6% To ₹100 Crore In Q1 FY27, Revenue Jumps 14% To ₹2,570 CroreDespite Friday’s rise, Jubilant FoodWorks shares remained down 8.1% so far in 2026, compared with a 6.7% decline in the Nifty 50. The company’s market capitalisation stood above Rs 33,500 crore.Jubilant FoodWorks reported a 4.3% year-on-year increase in Q1 FY27 profit after tax to Rs 70 crore from Rs 66.7 crore. Revenue from operations grew 9.2% to Rs 1,848.85 crore, while EBITDA increased to Rs 360 crore from Rs 323.3 crore. EBITDA margin improved to 19.5% from 19%.Brokerages assess Domino’s recovery, Popeyes growthJefferies maintained its ‘Buy’ rating with a target price of Rs 650, implying more than 32% upside from Thursday’s close. While Domino’s India like-for-like (LFL) growth remained subdued, the brokerage expects improvement ahead, supported by internal and external factors and a favourable base.It also noted that EBITDA margin pressure remained contained despite inflation, helped by price increases and cost-saving measures. Popeyes remained a key positive, with average daily sales crossing Rs 95,000. CLSA retained its ‘Outperform’ rating with a Rs 554 target. It noted standalone sales growth of 9.2% and Domino’s India LFL growth of 2.5%. Management expects LFL growth to reach 5-7% in FY27, with improvement beginning in the second quarter. CLSA also highlighted continued Popeyes momentum and raised its FY27-FY29 estimates by 12-14%.HSBC remained more cautious, retaining its ‘Hold’ rating and Rs 500 target. It described Domino’s growth as muted but acknowledged effective margin management. The brokerage identified Popeyes as the standout business while expecting the broader recovery to be gradual.

Shares of Jubilant Foodworks jumped around 6% on Friday after the company reported a 6% year-on-year rise in consolidated net profit to Rs 97 crore in Q1 FY27, from Rs 92 crore in the same period last year.Jubilant Foodworks shares jumped to Rs 521 apiece on the NSE. The company that operates Domino's India and Popeyes outlets, saw its revenue from operations increase over 14% YoY to Rs 2,570 crore during the April-June quarter of FY27, from Rs 2,252 crore reported in the year-ago period.EBITDA grew over 10% YoY to Rs 360 crore, while Domino's India delivered 6.5% order growth and 2.5% LFL growth despite cycling a strong 11.6% LFL growth in the same quarter last year, the company said. It added that Popeyes continued its exceptional momentum, with revenue growth of 97% and LFL growth of over 40% for the third consecutive quarter. Across the group, the company added net 76 new stores during the quarter.“Popeyes is emerging as our second significant growth engine. The brand delivered 40%+ LFL growth for the third consecutive quarter, and its Average Daily Sales have reached levels comparable with established players in the category. We are increasingly confident that Popeyes can become a scaled national brand, and we continue to see a long runway for growth in India. Our ambition is to build Popeyes into a Rs 1,000 crore brand over the next three to four years, while remaining disciplined about store expansion and returns,” Jubilant Foodworks said.Bernstein on Jubilant Foodworks share priceBernstein has maintained its ‘Outperform’ rating on Jubilant Foodworks shares with a target price of Rs 680, implying a upside potential of around 38%. The international brokerage noted that Domino’s India delivered like-for-like (LFL) growth of 2.5% in Q1 FY27, which was below expectations.Bernstein sees Popeyes as a strong growth driver, with average daily sales (ADS) currently at around Rs 96,000. Several Popeyes outlets have already achieved ADS of more than Rs 1 lakh, indicating strong traction for the brand.Despite the softer-than-expected Domino’s performance, management remains confident of delivering a better overall performance in FY27.Also Read | Maharashtra FDA suspends licenses of four Domino's Pizza outlets over hygiene norms' violationMotilal Oswal on Jubilant Foodworks share priceMotilal Oswal has a ‘Buy’ rating on the shares of Jubilant Foodworks, with a target price of Rs 625 apiece, implying 27% upside potential. It remains positive on the company’s medium-term outlook, supported by 5-7% LFL growth potential, strong Popeyes momentum and healthy international performance.The company is also progressing on margin recovery, with productivity gains, supply-chain efficiencies and calibrated pricing helping offset commodity inflation, it added.Jubilant Foodworks share priceJubilant Foodworks shares have gained around 7% in a week and 23% in a month, although they are overall down more than 6% in 2026 so far.In the longer term, the shares of the company have dropped 18% in one year, but gained 6% in three years and fallen 31% in five years.Also Read | Jubilant FoodWorks profit rises as Domino's sales growth picks up(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)