Jubilant Consumer Private Limited has created a pledge on equity shares of Jubilant FoodWorks Limited as security for a loan transaction, according to a regulatory disclosure filed with stock exchanges on January 16, 2026.

Pledge Details

The pledge creation involves 6,00,000 equity shares of Jubilant FoodWorks Limited, executed on January 12, 2026. The shares have been pledged in favor of Bajaj Finance Limited as security for a loan availed by Jubilant Enpro Private Limited.

Updated Shareholding Position

Following this pledge creation, Jubilant Consumer Private Limited's encumbered shareholding in Jubilant FoodWorks has been updated. The company maintains a significant stake in the target company while managing its financial obligations through strategic pledging arrangements.

Regulatory Compliance

The disclosure was made under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Jubilant Consumer Private Limited filed the required disclosure form with both the National Stock Exchange of India Limited and BSE Limited.

The document was signed by Diwakar Agrawal, Company Secretary of Jubilant Consumer Private Limited, and submitted from the company's registered office in Noida. The disclosure ensures transparency regarding encumbrance activities involving promoter shareholdings in listed companies.

Promoter Group Holdings

Other promoter entities and individuals in the Jubilant FoodWorks promoter group, including Hari Shanker Bhartia, Kavita Bhartia, Shobhana Bhartia, and various Jubilant group companies, maintain minimal individual shareholdings with no encumbrances reported in this disclosure.

Jubilant FoodWorks has reported consolidated revenue from operations of ₹2,439.00 crore in Q3, marking a 13.4% year-on-year growth. However, this represents the slowest revenue growth rate in the current financial year for the quick service restaurant company, indicating a deceleration in business momentum compared to earlier quarters.

Q3 Financial Performance Overview

The company's Q3 results show a notable slowdown in growth trajectory when compared to previous quarters of the current financial year. While the company maintained double-digit growth, the pace has moderated significantly.

Growth Trajectory Comparison

The quarterly performance data reveals a consistent deceleration pattern throughout the current financial year. The consolidated revenue growth has shown a declining trend across quarters.

Store Expansion and Network Growth

Despite the revenue growth slowdown, Jubilant FoodWorks maintained its expansion strategy by adding 114 stores during Q3, bringing the total store count to 3,594 outlets. The company is progressing towards its full year guidance of 3,750-3,800+ outlets, indicating continued confidence in market expansion despite growth deceleration.

Market Performance Analysis

The deceleration in revenue growth across both consolidated and standalone operations suggests broader market challenges or increased competition in the quick service restaurant sector. However, the company's adherence to its store expansion guidance demonstrates management's commitment to long-term growth strategy. The like-for-like growth metrics provide insight into same-store performance, with Turkey operations outperforming the India business in comparable store growth during the quarter.