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Jubilant FoodWorks Partners with Coca-Cola for Beverage Supply

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Synopsis:

Jubilant FoodWorks, operating Domino's and Popeyes, signed an MoU with Coca-Cola India to source sparkling beverages. With 2,199 stores in India, this deal aligns with its growth strategy. Jubilant FoodWorks share price reflects market anticipation.

Jubilant FoodWorks news today

Jubilant FoodWorks Ltd (JFL) has entered into a memorandum of understanding (MoU) with Coca-Cola India to procure a portfolio of sparkling beverages and other products. This strategic move will position Coca-Cola’s beverages, including Thums Up, Sprite, and Fanta, across JFL’s extensive network of restaurants, enhancing its consumer offerings. The master agreement, set for execution in April 2025, will formalise the collaboration.

Also read: Mankind Pharma Signs Licensing Pact with Innovent for Sintilimab

JUBILANT FOODWORKS LTD

Trade

708.14.19 (0.59 %)

Updated - 27 December 2024
724.90day high
DAY HIGH
702.40day low
DAY LOW
5351875
VOLUME (BSE)

Key Takeaways

  • Partnership: JFL partners with Coca-Cola for sparkling beverages and other products.

  • Network Reach: 2,199 Domino’s and other restaurants in India.

  • Strategic Timeline: Master agreement execution from 1 April 2025.

  • Jubilant FoodWorks Share Price: Market closely monitors this strategic shift.

Also read: IndusInd Bank to Sell ₹1,573-Crore MFI Retail Loan Pool in Auction

Strategic Impact of the MoU

This deal follows Jubilant Bhartia Group’s recent 40% stake acquisition in Coca-Cola’s bottling arm, Hindustan Coca-Cola Beverages Pvt Ltd. With Coca-Cola products replacing PepsiCo’s beverages at Domino’s outlets, JFL will benefit from Coca-Cola’s extensive product range, including Minute Maid, Maaza, and Kinley.

Aspect

Details

Number of JFL Stores in India

2,199

Partnership Start Date

1 April 2025

Key Products

Coca-Cola, Sprite, Thums Up, Fanta

Parent Company Stake Acquisition

40% in HCCBL

Expanding JFL’s Market Presence

JFL operates 3,130 stores across six markets, including Turkey, Bangladesh, and Sri Lanka. In India, its portfolio includes Domino’s, Popeyes, and Dunkin’ Donuts, along with Hong’s Kitchen. This partnership aligns with JFL’s growth strategy by enhancing consumer offerings and aligning with its recent investment in Coca-Cola’s bottling arm.

Jubilant FoodWorks Share Price and Market Dynamics

Jubilant FoodWorks share price remains stable as investors await further developments. This deal signals a shift in its operational strategy, potentially boosting its beverage portfolio and market appeal.

Jubilant FoodWorks’ MoU with Coca-Cola India represents a strategic realignment in its beverage offerings, benefiting from Coca-Cola’s extensive product portfolio. This partnership is set to enhance consumer experiences across JFL’s expansive restaurant network.

Also read: Gensol Engineering Secures ₹897-Crore Contract for NTPC REL Solar Projects

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Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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