Jubilant FoodWorks to exit Dunkin’ India business after 2026

Jubilant FoodWorks Ltd will exit the Dunkin’ business in India, deciding not to renew its franchise agreement for the brand beyond the end of 2026.

In a regulatory filing on March 30, the company said its Board has approved the non-renewal of its Multiple Unit Development Franchise Agreement (MUDFA) for Dunkin’, which is set to expire on December 31, 2026. The agreement, originally signed in 2011, gave Jubilant the rights to develop and operate Dunkin’ outlets in India.

Following the expiry, the company

said it will undertake a phased and orderly evaluation of its Dunkin’ operations. This could include rationalisation or closure of certain stores, as well as the sale or transfer of assets and franchise rights, in consultation with the brand’s global owners.

Jubilant added that any such steps will be carried out in line with contractual obligations, regulatory requirements, and applicable laws.

The company said the decision is not expected to have any material operational or financial impact on its overall business.

Jubilant FoodWorks, best known for operating Domino's Pizza in India, had launched Dunkin’ in the country in 2012 with ambitions to build a strong coffee- and bakery-led quick service chain. However, the brand struggled to scale in a market dominated by strong local competition and shifting consumer preferences.

Financially, the Dunkin’ business remains a small and loss-making part of Jubilant’s portfolio.

Dunkin’ India reported revenue of ₹372.37 crore in FY25, contributing just 0.61% to the company’s total revenue of ₹61,046.66 crore, and posted a loss of ₹191.24 crore, which translates to a negative contribution of 9.85% relative to Jubilant’s consolidated profit after tax of ₹1,940.81 crore. Net worth for the Dunkin’ business is not disclosed separately.

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