Jubilant FoodWorks Doubles Down on Bangladesh with Strategic Investment for Network Expansion

Jubilant FoodWorks Limited (JFL), the owner and operator of Domino’s Pizza in India and several other countries announced a significant commitment to strengthening its presence in Bangladesh. The company’s Investment Committee, in a meeting held on May 22, 2024, approved an investment plan of up to ₹30 crore in Jubilant FoodWorks Bangladesh Limited (JFBL), its wholly-owned subsidiary in Bangladesh.

Fueling Growth Through Strategic Investment

This strategic investment in JFBL underscores JFL’s unwavering focus on expanding its restaurant network in Bangladesh, a market with immense potential. The approved investment signifies JFL’s confidence in the Bangladeshi market and its commitment to becoming a prominent player in the country’s burgeoning quick-service restaurant (QSR) sector.

Transparent and Fair Dealings

As JFBL is a wholly-owned subsidiary, the transaction falls under the purview of related party transactions. JFL is committed to conducting this investment in a transparent and arm’s-length manner, ensuring fair market value for all stakeholders. It’s important to note that apart from JFL’s complete ownership, the promoter group and affiliated companies do not hold any additional interest in JFBL.

Investing in the Future of Bangladesh’s QSR Industry

The proposed ₹30 crore investment will be primarily directed towards network expansion initiatives in Bangladesh. JFL plans to leverage these funds to establish new Domino’s Pizza outlets across the country, bringing their signature pizzas and dining experiences to a wider Bangladeshi audience. The exact investment amount and share subscription details will be determined based on periodic valuation reports.

Solidifying JFL’s Position in Bangladesh

This strategic investment is expected to be completed by September 30, 2025. Following the investment, JFBL will remain a wholly-owned subsidiary of JFL, solidifying the company’s position as a dominant force in the Bangladeshi QSR industry.

About Jubilant FoodWorks Limited

Jubilant FoodWorks Limited is part of the Jubilant Bhartia Group and is India’s largest food service Company. The Company holds the master franchise rights for two international brands, Domino’s Pizza and Dunkin’ Donuts.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.