Jubilant FoodWorks to exit Hashtag Loyalty, sells entire 31.66% stake

Jubilant FoodWorks Ltd, which operates fast-food chains Domino's Pizza and Dunkin' Donuts, on Monday (December 29) said it has executed a share purchase agreement to sell its entire 31.66% stake in Hashtag Loyalty Private Ltd, an associate company, for a total consideration of ₹641.59 crore.

The share purchase agreement was entered into on December 29, 2025, with Karan Chechani, one of the founders of Hashtag Loyalty. Upon completion of the transaction, Hashtag Loyalty Private Ltd will cease to be an associate of Jubilant FoodWorks. The company said the expected date of completion of the sale is on or before February 12, 2026.

Also Read: Jubilant FoodWorks Q2 Results: Domino’s like-for-like, order growth lift revenue 20%

Jubilant FoodWorks noted that it had fully impaired its investment in Hashtag Loyalty during the financial year 2024–25. As per the financial statements of Hashtag Loyalty, the associate reported total income of ₹27.47 million in FY 2024–25, with nil contribution to Jubilant FoodWorks’ consolidated financial statements.

The net worth of Hashtag Loyalty stood at ₹1.22 million as on March 31, 2025, with nil contribution to the company’s consolidated net worth. The buyer, Karan Chechani, is not part of the promoter, promoter group, or group companies of Jubilant FoodWorks. The company stated that the transaction does not fall within the ambit of related party transactions.

Shares of Jubilant FoodWorks Ltd ended at ₹563.15, up by ₹3.35, or 0.60%, on the BSE.

Also Read: Jubilant FoodWorks gets revised income tax demand with small cut, files appeal