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.

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.

Published on Dec 27, 2024, 08:50 AM IST

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