Brands
Jubilant Foodworks Q3 revenue up 6 per cent year on year
Standalone revenue reaches Rs 18,015 million in December quarter
NOIDA: Jubilant FoodWorks Limited reported a steady rise in revenue for the December 2025 quarter, supported by its India operations, even as overseas exits and impairment charges weighed on consolidated performance.
Standalone revenue from operations rose to Rs 18,015.09 million for the quarter ended December 31, up from Rs 16,986.67 million in the September quarter and Rs 16,110.59 million a year earlier. For the nine months to December, revenue climbed to Rs 52,017.57 million, compared with Rs 45,174.94 million in the corresponding period last year.
Other income for the quarter stood at Rs 89.25 million, marginally higher than Rs 73.14 million in the preceding quarter. The Jubilant Foodworks Employees Welfare Trust, which is consolidated into the results, reported a net loss of Rs 66.97 million for the quarter and Rs 86.37 million for the nine-month period.
During the previous quarter, the company exited its Russian subsidiary, Pizza Restaurants LLC, derecognising net liabilities that had been classified as held for sale. In India, Jubilant Foodworks recorded an impairment charge of Rs 44.97 million on its investment in Hashtag Loyalty Private Limited, following the discontinuation of operations.
In a regulatory filing, the company said it continues to monitor the impact of the new labour codes and has provided incremental amounts as exceptional items in the consolidated results.
Chairman Shyam S Bhartia said the focus remains on strengthening core brands and navigating a volatile operating environment. Jubilant FoodWorks operates brands including Domino’s, Popeyes, Dunkin’ and Hong’s Kitchen in India.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
