# Supply Chain Modernization: Strategic Pain for Structural Gain Jubilant FoodWorks' Raigad commissary represents disciplined capex deployment. Near-term EBITDA headwinds (-50-100 bps FY26-27) from ramp-up costs and depreciation will reverse into medium-term gains (+50-150 bps FY27-28+) via operational efficiency and scale economies. Sales upside of 2-4% materializes through improved delivery velocity and reduced stockouts across Western region outlets. Margin compression transitions to accretion as utilization exceeds 70% within 18 months. Success hinges on volume growth sustainability and cost-to-distribution translation. Typical supply chain modernization trajectory—short-term sacrifice enabling long-term competitive positioning and margin expansion.

# Supply Chain Modernization: Strategic Pain for Structural Gain Jubilant FoodWorks' Raigad commissary represents disciplined capex deployment. Near-term EBITDA headwinds (-50-100 bps FY26-27) from ramp-up costs and depreciation will reverse into medium-term gains (+50-150 bps FY27-28+) via operational efficiency and scale economies. Sales upside of 2-4% materializes through improved delivery velocity and reduced stockouts across Western region outlets. Margin compression transitions to accretion as utilization exceeds 70% within 18 months. Success hinges on volume growth sustainability and cost-to-distribution translation. Typical supply chain modernization trajectory—short-term sacrifice enabling long-term competitive positioning and margin expansion.

# Supply Chain Modernization: Strategic Pain for Structural Gain Jubilant FoodWorks' Raigad commissary represents disciplined capex deployment. Near-term EBITDA headwinds (-50-100 bps FY26-27) from ramp-up costs and depreciation will reverse into medium-term gains (+50-150 bps FY27-28+) via operational efficiency and scale economies. Sales upside of 2-4% materializes through improved delivery velocity and reduced stockouts across Western region outlets. Margin compression transitions to accretion as utilization exceeds 70% within 18 months. Success hinges on volume growth sustainability and cost-to-distribution translation. Typical supply chain modernization trajectory—short-term sacrifice enabling long-term competitive positioning and margin expansion.

# Supply Chain Modernization: Strategic Pain for Structural Gain Jubilant FoodWorks' Raigad commissary represents disciplined capex deployment. Near-term EBITDA headwinds (-50-100 bps FY26-27) from ramp-up costs and depreciation will reverse into medium-term gains (+50-150 bps FY27-28+) via operational efficiency and scale economies. Sales upside of 2-4% materializes through improved delivery velocity and reduced stockouts across Western region outlets. Margin compression transitions to accretion as utilization exceeds 70% within 18 months. Success hinges on volume growth sustainability and cost-to-distribution translation. Typical supply chain modernization trajectory—short-term sacrifice enabling long-term competitive positioning and margin expansion.