Market News
Jubilant FoodWorks signs MoU with Coca Cola India; all you need to know
.png)
3 min read | Updated on December 27, 2024, 13:38 IST
SUMMARY
Jubilant FoodWorks share price: The MoU contains the principal terms and conditions for purchasing a portfolio of sparkling beverage products and certain other products from The Coca-Cola Company's authorised bottlers and for conducting marketing activities (which will be undertaken in the usual/ordinary course) for the said products as defined in the MoU.
Stock list
Besides Domino's Pizza, Jubilant FoodWorks also has a portfolio of QSR brands in emerging markets with franchise rights for global brands—Popeyes and Dunkin'
The stock hogged the limelight as the company has entered into a Memorandum of Understanding (‘MoU’) with Coca-Cola India.
The MoU contains the principal terms and conditions for the purchase of a portfolio of sparkling beverage products and certain other products from The Coca-Cola Company authorised bottlers and for conducting marketing activities (which will be undertaken in the usual/ordinary course) for the said products as defined in the MoU.
It also has two own brands, Hong's Kitchen, an Indo-Chinese QSR brand in India, and a CAF brand, COFFY, in Turkey.
Jubilant's network comprises 3,130 stores across six markets—India, Turkey, Bangladesh, Sri Lanka, Azerbaijan, and Georgia.
Jubilant Foodworks Q2 FY25 Results
Jubilant Foodworks reported a consolidated net profit of ₹66.53 crore in the second quarter ended September 30, 2024 (Q2 FY25).
The company had posted a consolidated net profit of ₹97.2 crore in the corresponding quarter of the last fiscal year, Jubilant Foodworks Ltd. (JFL) said in a regulatory filing.
Revenue from operations in the second quarter stood at ₹1,954.72 crore, as against ₹1,368.63 crore in the year-ago period, the filing added.
Total expenses in the second quarter were at ₹1,895.67 crore. It was at ₹1,290.17 crore in the same quarter of the previous fiscal.
JFL said its consolidated financial results for the current periods are not comparable with those of previous periods, as its wholly owned subsidiary, Jubilant Foodworks Netherlands B.V., had acquired a controlling stake in DP Eurasia N.V. (DPEU) during the period ending March 31, 2024, and pursuant to which the group has accounted for its investment in DPEU.
In a joint statement, JFL Chairman Shyam S Bhartia and Co-Chairman Hari S Bhartia said the company sustained broad-based momentum in Q2 and grew the JFL network to 3,130 stores by adding 139 stores across brands and markets.
Revenue from operations in India stood at ₹1,466.9 crore, driven by 8.1% growth in Domino's India. A total of 51 net stores were added across all brands in India, ending the period with 2,199 stores.
About The Author
Next Story
