JUBLFOOD

Jubilant FoodWorks posted muted 5% YoY revenue growth in Q1 FY26 as weak discretionary spending weighed on volumes. However, digital orders and app engagement remained strong. The company is focusing on expanding Popeyes and Hong’s Kitchen. Margins are expected to recover with softer cheese prices. At ~45x FY26 EPS, valuations look stretched, but recovery potential exists. Long-term investors can watch for volume revival.