In Q2 FY26, the company delivered consolidated revenue of ₹23.4B (up 19.7% YoY) with EBITDA growth of 19.5% YoY and is targeting 200 basis points EBITDA margin expansion over three years while sustaining 5–7% like-for-like growth with 7–10% store expansion. Domino's achieved strong like-for-like growth across all geographies (India 9.1%, Turkey 5.6%, Sri Lanka 81%), Popeyes grew double-digit same-store growth, and the company gained market share while expanding store footprint and improving margins simultaneously.
Cyborg Score Rationale
Brokerage consensus indicates an "Outperform" status with 27 firms recommending the stock, underpinned by robust comparable store growth, margin expansion momentum, and successful geographic diversification. Multi-brand strategy and international scale provide competitive moats.
Top Insights
Strong like-for-like growth across geographies with India at 9.1%, Turkey at 5.6%, and Sri Lanka at 81% demonstrating geographic diversification strength
Management targets 200 bps EBITDA margin expansion over three years with confidence in 5–7% like-for-like growth and 7–10% store expansion
Multi-brand portfolio includes Domino's Pizza (7-country exclusive rights), Popeyes (world's 2nd-largest chicken QSR), and Dunkin' (largest US coffee/donut brand) providing diverse revenue streams
Renewed investor interest supported by store expansion plans, operational efficiencies, recovery in consumer demand, positive same-store sales trends, and improving margins
Named Competitors
Pizza Hut — Global pizza QSR chain operating in India
KFC — Fried chicken QSR competing in Indian QSR market
Burger King — Burger-focused QSR with Indian operations
McDonald's — Global burger and QSR leader with India presence
Recent Developments
(February 2026) CRISIL re-affirmed A1+ credit rating for Jubilant FoodWorks' commercial paper
(February 2026) Completed sale of entire 31.66% stake in Hashtag, ceasing to be an associate
(February 2026) Released investor presentation ahead of institutional investor conference scheduled for February 24, 2026
(Q2 FY26) Delivered consolidated revenue of ₹23.4B, up 19.7% YoY driven by strong like-for-like growth across Domino's India, Turkey, and Sri Lanka
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