Domino’s Revenue Growth Accelerates as Like-for-Like Performance Turns Positive After FY24 Weakness

Domino’s India moved from a period of muted performance in FY24-where LFL growth was negative for three consecutive quarters—to a clearer recovery through FY25 and FY26. LFL growth improved from –2.9% in Q3FY24 to +12.5% by Q3FY25, supported by stronger demand, delivery expansion, and higher order frequency. Revenue growth followed the same trajectory, rising from mid-single digits in FY24 to 18–19% in Q3–Q4FY25. While LFL growth has normalised to ~9% by Q2FY26, it remains structurally stronger compared to the FY24 trough, signalling the stabilisation of the underlying base.

What It Means

The shift from negative to double-digit LFL growth underscores Domino’s successful recovery in unit-level performance driven by operational efficiencies, stronger delivery penetration, and enhanced customer engagement through digital channels. However, the gradual moderation in Q1–Q2FY26 suggests that high-growth quarters benefited from favourable base effects and aggressive promotional activity. Sustaining momentum will require continued focus on menu innovation, value positioning, and deeper penetration in non-metro markets, where growth remains more resilient.