Prepared By: Niharika Gangwani
Guided By: Gaurav Somani, CFA, FRM

Jubilant Foodworks Limited (JFL/Company) is part of Jubilant Bhartia group and is India’s largest foodservice Company.The Company has the exclusive rights to develop and operate Domino’s Pizza brand in India, Sri Lanka, Bangladesh and Nepal. At present, it operates in India and through its subsidiary companies in Sri Lanka and Bangladesh. Its Domino’s Pizza franchise extends across a network of 1,360 restaurants in 293 cities as of FY2021.

The Company also enjoys exclusive rights to develop and operate Dunkin’ Donuts Restaurants in India. JFL ventured into Chinese cuisine segment with its first owned restaurant brand, ‘Hong’s Kitchen’. It added Indian cuisine of biryani, kebabs, breads and more to the portfolio by launching Ekdum!. In addition, it started offering their brand-owned ready-to-cook range of sauces, gravies and pastes, ‘ChefBoss’.

The Company acquired 30.75% stake in Hashtag Loyalty Private Limited which operates an online food ordering platform – Thrive – for a consideration of Rs. 222.0 million. The Company, through its wholly owned subsidiary Jubilant Foodworks Netherlands B.V., further increased its equity stake in DP Eurasia N.V. to 40.29% through a combination of Reverse Bookbuild process and direct market purchases.