Jubilant Foodworks shares in focus on signing MoU with Coca Cola

Shares of Jubilant Foodworks (JFL) may remain in focus on Friday as the company has signed a memorandum of understanding (MoU) with Coca-Cola India to purchase a portfolio of sparkling beverage products for various JFL brands.

“Pursuant to Regulation 30 of the Listing Regulations, it is hereby informed that Jubilant FoodWorks Limited (‘Company’) has entered into a Memorandum of Understanding (‘MoU’) with Coca-Cola India Private Limited, containing the principal terms and conditions for purchase of a portfolio of sparkling beverage products and certain other products from The Coca-Cola Company authorized bottlers, and for conducting marketing activities (which will be undertaken in the usual/ordinary course) for the said products as defined in the MoU,” the company’s exchange filing read.

Jubilant Foodworks has signed the MoU with Coca-Cola India, outlining key terms for buying sparkling beverages and other products from Coca-Cola’s authorized bottlers. The agreement also covers joint marketing activities for these products, linked to JFL’s various brands.


A detailed Master Agreement will be finalized based on the terms set in the MoU, the company said.

The arrangement is aimed to help JFL enhance its consumer offerings.

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The shares of Jubilant Foodworks have surged 23.4% in the last one year while increasing by 25.3% in the current calendar year. In the last 3 months, the stock has gained 2.3%, and 26.6% in the last 6 months.

On Thursday, the shares of Jubilant Foodworks closed flat with a negative bias at Rs 703.65 on the BSE.

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