Jubilant FoodWorks guides 5-7% LFL growth for year

JUBLFOOD Jubilant FoodWorks Limited (JUBLFOOD) management has guided for full-year like-for-like growth in the 5% to 7% range. Q3 is expected to remain within this guided range. For the Popeyes brand, the company maintains its guidance of about 40-45 new stores. Management also aims for another 200 basis points of gross margin improvement. The guidance reflects the company’s focus on steady same-store growth and disciplined expansion of the Popeyes network alongside margin recovery efforts. The key triggers are the 5-7% full-year like-for-like growth guidance and the targeted 200 basis points gross margin improvement, along with continued Popeyes store additions. This supports a balanced growth and profitability outlook for the QSR player. Peers such as Devyani International, Westlife Foodworld and Sapphire Foods India may face comparison on same-store growth and margin trends. Near-term prices could react positively to the steady LFL guidance and margin improvement target. Risks include weaker consumer demand impacting LFL growth, slower Popeyes ramp-up, or inability to deliver the targeted margin expansion. Competitors listed: Devyani International, Westlife Foodworld, Sapphire Foods India. We have no financial interest in this news.