Domino’s India drives expansion; consolidated revenue increases almost 34% YoY in Q4 FY25 Jubilant FoodWorks Ltd (JFL), a leading Indian food service company, registered a strong 33.9% YoY growth in consolidated revenue from operations during Q4 FY25 at ₹2,107 crore. This was led by its market leader Domino’s Pizza, expansion, and consistent like-for-like growth in the Indian and Turkish markets.

As per the latest earnings release from the company, standalone revenue from operations also rose healthily 19.1% YoY to ₹1,587.2 crore during the quarter ending March 2025.

Domino’s Performance and Expansion Plans
Domino’s India, the largest portfolio contributor to revenue for the company, saw LFL growth come in at 12.1%. Domino’s Turkey, in contrast, clocked marginal LFL growth at 0.9% (after IAS-29 adjustment for hyperinflation accounting).

The firm maintained its growth-at-all-costs strategy, adding 56 net new stores in markets in the quarter, bringing the store base to 3,316 across the world under JFL. Domino’s India added 52 stores, ending the quarter with 2,179 stores, while Turkey added 8 new stores, ending Q4 with 746 stores.

Network Growth Overview (Q4 FY25):
Total Global Stores: 3,316

Domino’s India: 2,179 (+52 new stores)

Domino’s Turkey: 746 (+8 new stores)

Mixed Profitability Trends
In spite of the top-line improvement, the profitability woes are being tackled by the company. In Q3 FY25, consolidated net profit from continuing operations fell 24.47% YoY to ₹496.31 crore, versus ₹657.09 crore during the same quarter of FY24. This captures margin pressures emanating from volatility in input costs, foreign currency fluctuations, and scaling-related operating expenses.

However, the company is positive on maintaining growth momentum through higher store penetration, digital ordering improvement, and building its QSR brand portfolio.

Brand Portfolio Diversification
Jubilant FoodWorks possesses exclusive master franchise rights for:

Domino’s Pizza (India, Sri Lanka, Bangladesh, Turkey)

Dunkin’ Donuts

Popeyes (Quick Service Chicken Restaurant segment)

Further, the company has entered the Chinese fast-casual space with its own proprietary brand, Hong’s Kitchen, which continues to grow steadily in metro and tier-1 cities.

Outlook
With macroeconomic conditions firming and demand for food services picking up, Jubilant FoodWorks will be able to leverage its diversified brand footprint, digital-first strategy, and expansion into underpenetrated markets. The analysts expect focus on profitability in the next quarters with store growth balanced with margin control.

Domino’s is still a high-recognition brand in India’s QSR space, and the company’s continuous innovation in delivery, loyalty, and local menu offerings is likely to further drive market penetration,” stated an analyst following the sector.