Jubilant FoodWorks Limited has informed the Exchange about renewal of Master Franchise Agreement with Domino s Pizza International Franchising Inc.
JUBLFOOD · price
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Jubilant Foodworks has renewed its Master Franchise Agreement with Domino's Pizza International Franchising Inc. (DPIF) for exclusive rights to run Domino's Pizza stores in India for 15 years, with an option to extend by another 10 years. The company has also renewed its franchise rights for Sri Lanka and Bangladesh under similar new agreements. The deal covers exclusive rights to develop and operate stores, use the Domino's brand and trademarks, and set up supply chain and distribution infrastructure across all three countries. No specific financial consideration or royalty terms have been disclosed publicly.
This is a positive development for shareholders as it secures Jubilant Foodworks' long-term exclusive right to operate the Domino's brand in India, Sri Lanka, and Bangladesh, removing any uncertainty about continuity of the core business for at least the next 15-25 years.