Jubilant FoodWorks Ltd has decided to exit the Dunkin’ business in India, opting not to extend its franchise agreement for the brand beyond the end of 2026.
In a regulatory filing dated March 30, the company announced that its Board has approved the decision to not renew its Multiple Unit Development Franchise Agreement (MUDFA) for Dunkin’, which is scheduled to conclude on December 31, 2026. This agreement, first established in 2011, granted Jubilant the rights to develop and manage Dunkin’ outlets across India.
Following the expiration of the agreement, the company indicated it will conduct a phased and systematic review of its Dunkin’ operations. This may involve the rationalization or closure of certain stores, as well as the sale or transfer of assets and franchise rights, in coordination with the brand’s global owners.
Jubilant noted that any such actions will be executed in accordance with contractual obligations, regulatory requirements, and relevant laws.
The company affirmed that this decision is not anticipated to have any significant operational or financial effects on its overall business.
Jubilant FoodWorks, primarily recognized for managing Domino’s Pizza in India, introduced Dunkin’ to the country in 2012 with the goal of establishing a robust coffee- and bakery-focused quick service chain. However, the brand has faced challenges in growing within a market dominated by formidable local competition and changing consumer preferences.
From a financial standpoint, the Dunkin’ business remains a minor and unprofitable segment of Jubilant’s portfolio.
Dunkin’ India reported earnings of ₹372.37 crore in FY25, constituting merely 0.61% of the company’s total revenue of ₹61,046.66 crore, with a loss of ₹191.24 crore, which equates to a negative contribution of 9.85% against Jubilant’s consolidated profit after tax of ₹1,940.81 crore. The net worth of the Dunkin’ business is not separately disclosed.
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