FoodWorks to Terminate Dunkin' India Franchise Agreement
Jubilant FoodWorks Ends Dunkin' Partnership in India
India's Jubilant FoodWorks has announced that it will not renew its agreement with U.S.-based Dunkin' to develop and operate stores in the country after the pact expires on December 31, 2026. The company made this decision in a statement on Monday. According to the statement, Jubilant will evaluate options for the stores, including the sale and transfer of franchise rights, in consultation with Dunkin'.
The decision to end the partnership is not expected to have any material operational or financial impact on Jubilant, the company stated. The Dunkin' brand has struggled to grow in India, prompting Jubilant to focus on its other business ventures, such as the Domino's pizza chain and newer brands like Popeyes.
As of December 2025, Jubilant operated 27 Dunkin' outlets in India. Over the past year, the company shut seven of these stores. The brand contributed approximately 0.61% of Jubilant's revenue in the fiscal year 2025, resulting in a loss of roughly 191 million rupees.
In contrast, other areas of Jubilant's business have shown growth. In the October-December quarter, the company's profit rose by 65% to 709 million rupees ($7.49 million), up from 429.1 million rupees a year ago.
Exchange Rate: (1 USD = 94.6440 INR)
Investor Takeaway
Investors should be aware that Jubilant FoodWorks will not renew its agreement with Dunkin' in India, which may impact the company's revenue and profitability.
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