Jubilant FoodWorks achieved a 9% year-on-year increase in standalone sales, amounting to INR 14.7 billion. This growth was driven by a 20% rise in orders. The company's like-for-like sales also grew by 2.8%.

The delivery segment experienced a robust 16% growth and now contributes 70% of total revenue. However, dine-in revenue declined by 6% due to a shift in consumer preference towards delivery services, partly because of waived delivery charges.

In the second quarter, Domino's India expanded its presence by opening 50 new stores and entering 20 new cities. This move aimed to enhance customer reach and market share. Despite these developments, the standalone gross margin decreased slightly to 76.1%, and the EBITDA margin contracted to 19.4%. These changes reflect increased investments in technology and supply chain improvements.

The company emphasized the importance of customer retention and acquisition in the current market environment. The Quick Service Restaurant (QSR) industry continues to face challenges, with growth metrics impacting unit economics. While delivery demand has boosted Jubilant's traffic, the recovery in growth is expected to be gradual, and operating margins are projected to recover slowly.

Motilal Oswal maintains a Neutral rating on Jubilant FoodWorks, with a target price of INR 625.