Jubilant FoodWorks Renews Domino's Pizza Master Franchise Deal For 15 Years

Jubilant FoodWorks has announced the renewal of its Master Franchise Agreement with Domino's Pizza International Franchising Inc., securing its position as the exclusive operator of Domino's Pizza stores across multiple South Asian markets. The agreement, executed on March 31, 2026, represents a significant milestone in the company's ongoing partnership with the global pizza chain.

Agreement Details and Geographic Scope

The renewed Master Franchise Agreement covers three key markets with specific terms for each region:

Territory:	Agreement Type	Duration
India:	MFA India	15 years with 10-year extension option
Sri Lanka:	MFA Sri Lanka	Similar terms to India agreement
Bangladesh:	MFA Bangladesh	Similar terms to India agreement

The primary agreement for India provides Jubilant FoodWorks with exclusive franchise rights for a term of 15 years, with an option for further renewal for an additional period of 10 years. The company's existing exclusive franchise rights for Sri Lanka and Bangladesh have also been renewed, with new master franchise agreements to be executed in a form similar to the India agreement.

Key Terms and Operational Rights

The Master Franchise Agreements grant Jubilant FoodWorks comprehensive operational rights across multiple business areas:

Rights Category:	Details
Exclusive Development Rights:	Authority to develop and operate Domino's Pizza stores
Trademark and IP Usage:	Right to use and sub-license Domino's trademarks and systems
Supply Chain Infrastructure:	Right to establish distribution infrastructure
Commercial Terms:	Standard terms customary in franchise transactions

Strategic Rationale and Business Impact

The agreement renewal serves multiple strategic purposes for Jubilant FoodWorks:

Aspect:	Details
Strategic Collaboration:	Strengthening long-standing partnership with DPIF
Operational Continuity:	Ensuring uninterrupted operations under Domino's brand
Market Coverage:	Domestic and international presence across three countries
Commercial Framework:	Terms aligned with respective MFA commercial provisions

The rationale behind this renewal focuses on strengthening the company's long-standing strategic collaboration with DPIF and ensuring continuity of operations under the Domino's brand. This approach provides stability and growth potential across the covered markets.

Regulatory Compliance and Disclosure

Jubilant FoodWorks has fulfilled its regulatory obligations under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015. The company has provided comprehensive details of the agreement as required by the regulations and has made the information available on its website under the Investor Relations section.

The formal disclosure was made on April 1, 2026, at 00:03 hours IST, ensuring timely communication to stakeholders and regulatory authorities. This transparency demonstrates the company's commitment to maintaining proper corporate governance standards while executing strategic business agreements.

Source:

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.64%	-3.42%	-14.11%	-27.91%	-32.43%	-24.33%

Jubilant FoodWorks Limited has announced its decision not to renew the Multiple Unit Development Franchise Agreement (MUDFA) for the Dunkin' brand operations in India. The Board of Directors made this decision during their meeting held on March 30, 2026, following a comprehensive strategic assessment of the brand's performance and future prospects.

Franchise Agreement Details

The original Multiple Unit Development Franchise Agreement was signed on February 24, 2011, granting the company development rights to operate Dunkin' stores across India. The current development term is set to expire on December 31, 2026, and the company has decided not to seek renewal of these rights.

Financial Performance of Dunkin' Operations

The Dunkin' brand's financial contribution to Jubilant FoodWorks for FY 2024-25 reveals its limited impact on the company's overall performance:

Particulars:	Dunkin' (INR Million)	JFL Total (INR Million)	Percentage
Revenue:	372.37	61,046.66	0.61%
Profit after Tax:	(191.24)	1,940.81	(9.85%)
Net Worth:	Not available separately	22,708.26	Not available separately

The data shows that while Dunkin' operations contributed only 0.61% to the company's total revenue, the brand recorded a loss after tax of INR 191.24 million during FY 2024-25.

Transition and Closure Plans

Following the non-renewal decision, Jubilant FoodWorks will undertake a systematic approach to wind down Dunkin' operations. The company plans to evaluate and implement appropriate actions in an orderly and phased manner, which may include:

Rationalization and cessation of certain operations
Sale, transfer, or disposal of assets
Assignment or transfer of franchise rights

All transition activities will be conducted in consultation with the owners of the Dunkin' brand and in strict accordance with the terms of the MUDFA, applicable laws, regulatory requirements, and contractual obligations. The closure process is expected to be completed on or before December 31, 2026.

Strategic Assessment and Impact

The decision to exit Dunkin' operations stems from an overall strategic assessment undertaken by the company. Despite the brand closure, Jubilant FoodWorks has emphasized that this decision will not have any material operational or financial impact on the company's overall business performance.

The company continues to focus on its core operations and other brand portfolios while ensuring compliance with all regulatory requirements during the transition period. This strategic move allows Jubilant FoodWorks to concentrate resources on more profitable ventures and optimize its brand portfolio for enhanced operational efficiency.