Synopsis: Jubilant FoodWorks has renewed its Domino’s master franchise agreement for 15 years across India, Sri Lanka, and Bangladesh, securing exclusive operational rights through at least 2041.
Jubilant FoodWorks Limited has announced a significant long-term extension of its partnership with Domino’s Pizza International Franchising Inc., securing exclusive rights to operate the brand in India, Sri Lanka, and Bangladesh for another 15 years.
Effective March 31, 2026, the renewed Master Franchise Agreement ensures the Noida-based QSR giant maintains control over store development, supply chain infrastructure, and intellectual property through 2041, with a further 10-year renewal option potentially extending the partnership to 2051. This move provides the company with critical long-term visibility for its most profitable vertical as it enters the new financial year.
The strategic renewal comes as Jubilant FoodWorks moves to realign its brand portfolio, following a recent board decision to let the Dunkin’ franchise agreement expire after December 2026.
By focusing resources on Domino’s, Popeyes, and its homegrown brands like Hong’s Kitchen, the company aims to solidify its position as India’s largest food service operator. Despite recent financial growth including a 68.56% surge in net profit to ₹72.88 crore in Q3 FY26 the company’s stock has faced significant pressure, trading near its 52-week low of ₹430.50 with a year-on-year decline of over 32.23%.
With a total market capitalization of approximately ₹29,339 crore, Jubilant FoodWorks continues to manage a vast network of 3,594 stores across six international markets. The Domino’s India segment remains the core engine of the group, operating 2,396 stores across 421 cities and maintaining steady like-for-like sales growth. This latest agreement reinforces the company’s foundational structure, anchoring its market presence even as it navigates a volatile period for its share price on the National Stock Exchange.
As of March 31, 2026, Jubilant FoodWorks shares traded at ₹436.10 on the NSE, hitting an intraday low of ₹430.50. The stock has faced steady pressure, declining approximately 10.27% over the last month and 20.26% over the past three months. This downward trend is part of a broader 27.59% slide over six months, leaving the company with a market capitalization of ₹29,702 crore.
On a year-on-year basis, the stock has dropped 32.23%, currently trading near its 52-week low and significantly below its peak of ₹727.95. Despite these market fluctuations, the company maintains its long-standing presence on the exchange since its 2010 listing, now navigating a period of valuation correction amidst its strategic brand restructuring.
Company Overview
Founded in 1995, Jubilant FoodWorks is India’s leading food service operator, managing a global network of 3,594 stores across brands like Domino’s, Popeyes, and Hong’s Kitchen. As of Q3 FY26, the company reported a robust 68.56% profit surge to ₹72.88 crore, driven by the steady growth of its 2,396 Domino’s outlets in India. By securing its flagship Domino’s franchise through at least 2041, the firm enters the new fiscal year with long-term stability in its core profitable market. The 15-year franchise renewal cements Jubilant FoodWorks’ market dominance and ensures sustained revenue visibility for its primary growth engine.
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