In an investor presentation released in February, the company stated that Domino’s India business had,s on an average, posted a like-for-like growth of 5.5 per cent over the past ten years
Shares of Jubilant FoodWorks Ltd slipped 10.54 per cent on Tuesday after it indicated muted like-for-like growth for its Domino’s India business in the March quarter.
Analysts said that the ongoing commercial LPG supply constraints could be one of the key reasons for the muted performance, given it had posted mid-single digit like-for-like growth in Q3.
The company had recorded 5 per cent like-for-like growth for Domino’s India business in the December quarter.
In an investor presentation released in February, the company stated that Domino’s India business had, on average, posted a like-for-like growth of 5.5 per cent over the past ten years.
The company’s stock tanked 10.54 per cent to settle at ₹412.70 on the BSE on Tuesday. During the day, it dropped 11.15 per cent to ₹409.85 – the 52-week low level.
Revenue growth
In its Q4FY26 provisional business update, Jubilant FoodWorks said its consolidated revenue from operations for the March quarter grew by 19.1 per cent year-on-year while standalone revenue from operations grew by 6.2 per cent. The leading food services companies in a BSE filing added that the like-for-like growth for Domino’s India for the March quarter grew marginally at 0.2 per cent.
Analysts said that the slower performance was below expectations. In an analyst note, Karan Taurani, EVP, Elara Securities said, “The weakness appears largely attributable to ongoing commercial LPG supply constraints , given that nearly 95 per cent of its outlets are LPG-dependent. In our view, this is likely the primary driver of the miss, rather than any structural demand weakness, especially as competitive intensity in the pizza category continues to moderate.”
Abneesh Roy, Executive Director, Nuvama Institutional Equities noted shortage of commercial LPG due to the ongoing West Asia conflict could also be one of the reasons for slower growth.
“During the quarter, 69 stores were added to the JFL group network, taking the total store count to 3,663. Domino’s India added 59 new stores during the period, ending the quarter with 2,455 stores,” it stated in a BSE filing.
Published on April 7, 2026
