Why Jubilant Foodworks shares surged 4% on Wednesday, April 1, despite commercial LPG price hike

The 19 kg commercial LPG gas cylinder will become more expensive starting today, April 1.

In Delhi, the price of a 19 kg cylinder has increased by ₹195.50, and in Kolkata, by ₹218, effective from today, April 1.

A 19-kg commercial LPG now costs ₹2,078.50 in Delhi, according to state-owned oil companies.

The prices have been increased, given a surge in global oil prices linked to the widening West Asia conflict.

This is the second price hike in commercial LPG gas within a month.

Early in March, the price of commercial LPG – the one used by establishments such as hotels and restaurants – was increased by ₹114.5 per 19-kg cylinder. The revised rate stood at ₹1,883 in Delhi. This increase came on top of the ₹28 per 19-kg cylinder rise on March 1.

Why Jubilant Food shares are rising

Shares of Jubilant Food were in the green on Wednesday following a business update by the company.

Jubilant FoodWorks said that the company and Domino’s Pizza International Franchising Inc. have entered into a Master Franchise Agreement on March 31, 2026, for the renewal of the exclusive franchise rights to develop and operate Domino’s Pizza stores in India (‘MFA India’) for a term of 15 years, with an option for further renewal for an additional period of 10 years.

Besides, the company's existing exclusive franchise rights to develop and operate Domino's Pizza stores in Sri Lanka and Bangladesh have also been renewed, and the parties have agreed to execute new master franchise agreements for Sri Lanka (‘MFA Sri Lanka’) and Bangladesh (‘MFA Bangladesh’) in a form that is similar to the MFA India.

Non-renewal of the Dunkin' brand agreement

Besides, Jubilant FoodWorks, on March 30, said that its board has considered and approved the non-renewal of the development rights granted in the MUDFA in relation to the Dunkin’ brand upon expiry of its current term.

This means that Jubilant Food has decided not to renew its franchise agreement with Dunkin' and close down the stores of the American multinational coffee and doughnut company in a phased manner.

The company entered into a Multiple Unit Development Franchise Agreement dated February 24, 2011 (“MUDFA”) to develop and operate stores under the Dunkin' brand in India. The development rights under the MUDFA are valid until December 31, 2026.

The decision will not have any material operational or financial impact on the company, Jubilant Food said.

Incorporated in 1995, the JFL network comprises over 3,500 stores across six markets: India, Turkey, Bangladesh, Sri Lanka, Azerbaijan, and Georgia.

The group has a portfolio of global brands – Domino's and Popeyes – and two of its own brands – Hong's Kitchen and a café brand – COFFY in Turkey.