Jubilant FoodWorks, the operator of Domino’s Pizza and other prominent restaurant brands, saw its shares climb 2.29% on Friday, December 27, 2024, reaching a fresh 52-week high of ₹719.80. This surge followed the announcement of a strategic partnership with Coca-Cola India to introduce its sparkling beverage products across Jubilant FoodWorks’ franchise outlets.
The Jubilant-Coca-Cola Collaboration
In a significant development, Jubilant FoodWorks disclosed that it had signed a Memorandum of Understanding (MoU) with Coca-Cola India. The agreement involves the acquisition of Coca-Cola’s sparkling beverage portfolio and select other products from authorized bottlers. Jubilant will also manage marketing activities for these beverages, enhancing their reach across its extensive network.
Under the terms, a Master Agreement based on the MoU’s principal conditions will take effect from April 1, 2025. This move aligns with Jubilant FoodWorks’ strategy to offer diverse and complementary product options at its outlets, including Domino’s Pizza, Dunkin’, and Popeyes.
Market Reaction and Trading Highlights
Jubilant FoodWorks’ stock traded at ₹712.15 at 9:37 AM, up 1.21%, outpacing the BSE Sensex, which rose 0.36% during the same period. The stock’s impressive rise reflects investor optimism regarding the Coca-Cola partnership’s potential to boost revenues and enhance customer satisfaction.
Over the past year, Jubilant’s share price has demonstrated remarkable growth, with a 52-week range between ₹420.85 and ₹724.95. The company’s robust performance underlines its strong position in the food services sector and its ability to capitalize on new opportunities.
About Jubilant FoodWorks
Established in 1995, Jubilant FoodWorks has emerged as a leader in the food service industry across emerging markets. With a presence in six countries and a network of over 3,130 stores, the company has built an impressive portfolio of global and homegrown brands.
Domino’s Pizza
As the largest Domino’s franchisee outside the United States, Jubilant operates Domino’s Pizza restaurants in India, Sri Lanka, and Bangladesh.
Popeyes
Jubilant holds exclusive development rights for Popeyes in India, Bangladesh, Nepal, and Bhutan. The franchise introduces the iconic New Orleans-style menu to the region.
Dunkin’ Donuts
Managing Dunkin’ operations in India, Jubilant offers a wide range of donuts, coffee, and quick bites tailored to local tastes.
Hong’s Kitchen and COFFY
Jubilant FoodWorks’ own brands include Hong’s Kitchen, which serves Indo-Chinese cuisine inspired by Asian street markets, and COFFY, a café brand in Turkey.
Strategic Growth and Market Capitalisation
With a market capitalization of ₹46,990.88 crore, Jubilant FoodWorks is a part of the BSE 200 category. The Coca-Cola collaboration is expected to enhance its offerings, strengthen its market presence, and boost its financial performance.
Jubilant’s consistent innovation and strategic partnerships continue to cement its status as a dominant player in the global food services landscape.
