Jubilant FoodWorks Limited , the master franchise holder for Popeyes in India, has announced a significant expansion of the Louisiana-style fried chicken chain's presence in the country. The company has launched four new Popeyes stores in Mumbai, marking the brand's entry into India's financial capital.

Expansion Strategy

Popeyes, which entered the Indian market in January 2022 through a master franchise agreement with Jubilant FoodWorks, has been steadily increasing its footprint across major metropolitan areas. Prior to the Mumbai launch, the brand had already established its presence in Bengaluru, Chennai, Hyderabad, and the National Capital Region (NCR).

Competitive Landscape

The entry of Popeyes into Mumbai intensifies the competition in the quick-service restaurant (QSR) sector, particularly in the fried chicken segment. The brand is set to compete directly with established players such as KFC, challenging the existing market dynamics in the city's fast-food industry.

Management's Perspective

Sameer Khetarpal, CEO and Managing Director of Jubilant FoodWorks, expressed optimism about the brand's prospects in Mumbai. He stated, "We are confident that Mumbai customers will embrace Popeyes' signature offerings." Khetarpal's confidence stems from the "incredible response" the brand has received across other Indian cities where it has already established a presence.

Future Outlook

The expansion into Mumbai is a strategic move for Jubilant FoodWorks, potentially setting the stage for further growth in Western India. The company's aggressive expansion strategy for Popeyes suggests a strong belief in the brand's ability to capture a significant share of India's growing QSR market.

Investor Relations

Jubilant FoodWorks Limited has announced a conference call for analysts and investors scheduled for August 13, 2025, at 17:30 IST. The call will discuss Q1 FY26 results and provide business updates, indicating the company's commitment to transparent communication with its stakeholders.

The expansion of Popeyes in Mumbai, coupled with Jubilant FoodWorks' proactive investor relations approach, underscores the company's focus on growth and market penetration in the competitive Indian fast-food landscape.

Jubilant FoodWorks , the master franchisee for Domino's Pizza in India, has officially concluded its business operations in Russia. The company announced the completion of its exit from the Russian market through a regulatory filing.

Divestment Details

Fidesrus B.V., a step-down subsidiary of Jubilant FoodWorks Limited, has finalized the transfer of its entire 100% stake in Pizza Restaurants LLC, its wholly-owned subsidiary in Russia. The transaction was completed on July 10, 2025, as confirmed by an extract from the Russian Trade Registrar received by the company.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Jubilant FoodWorks informed the stock exchanges about this significant development. The company had previously made intimations regarding this matter on May 30, 2025, and April 30, 2025.

Impact on Corporate Structure

As a result of this divestment, Pizza Restaurants LLC has ceased to be a step-down subsidiary of Jubilant FoodWorks Limited, effective July 10, 2025. This move marks the complete withdrawal of Jubilant FoodWorks from its Russian operations.

Market Implications

The exit from the Russian market is a strategic move by Jubilant FoodWorks, potentially allowing the company to focus on its core markets and streamline its international operations. While the financial terms of the deal were not disclosed, this development is expected to have implications for the company's global business strategy.

Investors and stakeholders can find more information about this transaction on the company's website under the Investor Relations section.

The completion of this exit underscores Jubilant FoodWorks' commitment to strategic realignment of its international portfolio, as the company continues to navigate the dynamic global food service industry landscape.