Jubilant Foodworks Shares Surge 7% on Strong Q2 Results; Should You Buy Dominos' Stock? Check Recommendations

Shares of Jubilant Foodworks, the master franchisee for Domino's Pizza in India, rose as much as 7% on Friday, 14 November, following a strong set of results for the September quarter, outperforming most peers in the quick-service restaurant (QSR) sector.

Dominos Company Jubilant Foodworks Share Price Today

As of 12:05 PM on 14 November, shares of Jubilant FoodWorks Ltd traded at Rs 615.30, up by Rs 41.80 or 7.29% for the day. The stock opened at Rs 604.95, touched a high of Rs 622.95, and recorded a low of Rs 599.30. Over the past 52 weeks, the stock has seen a high of Rs 796.75 and a low of Rs 564.95.

Jubilant Foodworks Q2 Results: Net Profit Rises 53.7%, Revenue Growth 19.7%

The company reported a 19.7% year-on-year increase in consolidated revenue to Rs 2,340 crore, while EBITDA rose 19.5% to Rs 476 crore. Margins remained steady at 20.3%, compared with 20.4% in the same period last year. Net profit surged 53.7% to Rs 109.9 crore, supported by a 23.5% drop in finance costs to Rs 105.7 crore.

Standalone India operations also posted healthy growth, with revenue rising 15.8% to Rs 1,698.6 crore and EBITDA advancing to Rs 329 crore. Margins for the India business remained stable at 19.4%. Like-for-like growth for Domino's stood at 9.1% in Q2FY26, driven by strong delivery growth of 16.5%.

During the quarter, Jubilant continued its aggressive expansion, opening 81 new Domino's outlets and taking its total store count to 2,321. Other brands in its portfolio also gained traction, with Popeyes reporting strong double-digit same-store sales growth.

Should You Buy Jubilant Foodworks Stock? Check Top Brokerages' Recommendations & Target Price

Brokerages expressed renewed confidence in the stock. HSBC upgraded Jubilant Foodworks to 'Buy' with a price target of Rs 660, citing the company's strong fundamentals, recent stock correction, and healthy growth outlook.

Jefferies also retained its 'Buy' rating with a price target of Rs 1,000, noting that Domino's continues to outperform other QSR chains on same-store sales metrics, with delivery growth keeping pace with food-tech platforms like Zomato and Swiggy.

Both brokerages expect revenue growth to remain in the mid-teens over the medium term, supported by 5-7% same-store sales growth and a projected 200-basis-point expansion in EBITDA margins from FY24 levels.

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