Jubilant FoodWorks will not be renewing its franchise agreement with Dunkin’, it said in a regulatory filing.
The Indian quick service restaurant chain operator will shut down stores of the American multinational coffee and doughnut company in a phased manner, it said.
The agreement is set to expire on December 31 this year. “The Board of Directors of Jubilant FoodWorks, in its meeting held on March 30, 2026, considered and approved the non-renewal of the development rights granted in the Multiple Unit Development Franchise Agreement dated February 24, 2011 (“MUDFA”), entered into for development and operation of the Dunkin’ brand in India, upon expiry of its current development term ending December 31, 2026,” the company informed the exchanges.
Incorporated in 1995, the JFL network comprises over 3,500 stores across six markets: India, Turkey, Bangladesh, Sri Lanka, Azerbaijan, and Georgia.
It manages a portfolio of global brands such as Domino’s and Popeyes, as well as its own two brands: Hong’s Kitchen and the CAFE brand COFFY in Turkey.
While Dunkin’ had a revenue of Rs 37 crore and a loss of Rs 19 crore in FY25, Jubilant posted a revenue of Rs 6,104 crore and a profit of Rs 194 crore during the same year.
The company had entered into a Multiple Unit Development Franchise Agreement with Dunkin’ on February 24, 2011, to develop and operate stores under the latter’s brand in India.
Hence, the decision will end the 15-year-old partnership between the two companies.
The development is in contrast to Jubilant’s decision to renew its partnership with pizza chain Domino’s. The company had recently informed the exchanges that it has decided to renew the agreement with Domino’s Pizza for a period of 15 years.
“Jubilant FoodWorks and Domino’s Pizza International Franchising have entered into a Master Franchise Agreement on March 31, 2026, for renewal of the exclusive franchise rights to develop and operate Domino’s Pizza stores in India (‘MFA India’) for a term of 15 (fifteen) years, with an option for further renewal for an additional period of 10 (ten) years,” it had said in a regulatory filing.
