Jubilant Foodworks Ltd
About
Jubilant FoodWorks Limited (JFL), established on March 16, 1995, is a leading food-tech company and part of the Jubilant Bhartia Group, founded by Shyam Sunder Bhartia and Hari Bhartia. Headquartered in Noida, Uttar Pradesh, JFL is a dominant player in the quick-service restaurant (QSR) industry across emerging markets. Sameer Khetarpal is the CEO and Managing Director of Jubilant FoodWorks. JFL operates 3,260 stores across six countries, including India, Turkey, Bangladesh, Sri Lanka, Azerbaijan, and Georgia. It holds franchise rights for three global brands—Domino’s, Popeyes, and Dunkin’—and has also developed two own brands, Hong’s Kitchen (Indo-Chinese QSR in India) and COFFY (a café brand in Turkey).JFL operates 2,007 restaurants, 12 commissaries/distribution centers, and a presence in 407 cities across India.
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Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 5888 12.9% | 5214 17.4% | 4441 31.2% | 3386 -15.3% | 3998 10.8% | 3610 18.6% | 3043 17.1% | 2599 6.1% | 2450 16.6% | 2101 20.3% | 1746 22.8% | 1422 38.5% | 1027 50.9% | 681 42.8% | 476 69.5% | 281 - |
| Net Operating Income (INR Cr) | 5654 9.61% | 5158 17.34% | 4396 32.74% | 3312 -15.67% | 3927 10.22% | 3563 18.05% | 3018 16.84% | 2583 5.96% | 2438 16.50% | 2093 20.53% | 1736 22.77% | 1414 38.81% | 1019 50.22% | 678 42.64% | 476 0.00% | 281 18.89% |
| Profit (INR Cr) | 399 13.1% | 353 -16.0% | 420 81.5% | 232 -17.3% | 280 -12.5% | 320 63.0% | 196 239.7% | 58 -40.4% | 97 -12.8% | 111 -6.1% | 118 -9.8% | 131 26.9% | 103 44.0% | 72 117.6% | 33 351.6% | 7 - |
| Assets (INR Cr) | 6568 43.0% | 4592 13.1% | 4062 32.9% | 3057 9.0% | 2803 122.0% | 1263 30.4% | 968 20.2% | 806 5.7% | 762 15.6% | 659 18.0% | 559 28.3% | 436 44.1% | 302 51.6% | 199 57.9% | 126 18.7% | 106 - |
| Net Worth (INR Cr) | 2171 6.5% | 2038 4.8% | 1945 36.3% | 1427 27.2% | 1122 -10.9% | 1260 30.2% | 968 20.2% | 805 5.7% | 762 17.9% | 646 17.5% | 550 28.0% | 430 45.0% | 296 54.8% | 191 62.6% | 118 0.0% | 24 49.0% |
| Employee Cost (INR Cr) | 1059 16.8% | 906 18.0% | 768 2.9% | 747 -6.2% | 796 16.8% | 682 11.1% | 614 3.2% | 595 3.2% | 577 29.8% | 444 30.3% | 341 25.7% | 271 35.8% | 200 47.3% | 136 72.1% | 79 45.6% | 54 - |
| Interest Cost (INR Cr) | 288 | 201 | 176 | 163 | 165 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 9 |
| Cash & Bank Balance (INR Cr) | 157 | 257 | 563 | 539 | 656 | 494 | 129 | 35 | 33 | 39 | 24 | 38 | 13 | 9 | 7 | 3 |
| Total Debt (INR Cr) | 4207 | 2554 | 2106 | 1620 | 1670 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 82 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 6.8% | 6.8% | 9.5% | 6.8% | 7.0% | 8.9% | 6.5% | 2.2% | 4.0% | 5.3% | 6.8% | 9.2% | 10.1% | 10.5% | 6.9% | 2.6% |
| Profit As % Of Assets | 6.1% | 7.7% | 10.4% | 7.6% | 10.0% | 25.3% | 20.3% | 7.2% | 12.7% | 16.9% | 21.2% | 30.1% | 34.2% | 36.0% | 26.1% | 6.9% |
| Profit As % Of Networth | 18.4% | 17.3% | 21.6% | 16.2% | 25.0% | 25.4% | 20.3% | 7.2% | 12.7% | 17.2% | 21.5% | 30.5% | 34.9% | 37.5% | 28.0% | 30.5% |
| Interest Cost to EBITDA % | 25.2% | 17.9% | 16.1% | 21.1% | 19.4% | - | - | - | - | - | - | 0.0% | - | 0.3% | 12.7% | 26.5% |
| Debt to Equity Ratio | 1.94 | 1.25 | 1.08 | 1.14 | 1.49 | - | - | - | - | - | - | - | - | - | 0.07 | 3.44 |
| RONW | 13.0% | 17.7% | 24.8% | 18.1% | 23.4% | 28.6% | 22.1% | 8.6% | 13.8% | 18.6% | 24.1% | 36.1% | 42.4% | 41.1% | 20.9% | 7.5% |
| ROCE | 11.2% | 16.0% | 20.8% | 16.1% | 28.0% | 44.0% | 34.2% | 13.3% | 20.7% | 26.5% | 36.2% | 52.5% | 60.6% | 50.5% | 24.8% | 10.4% |