Jubilant FoodWorks gains on inking MoU with Coca-Cola India
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Jubilant FoodWorks is currently trading at Rs. 714.00, up by 10.35 points or 1.47% from its previous closing of Rs. 703.65 on the BSE.
The scrip opened at Rs. 719.80 and has touched a high and low of Rs. 724.95 and Rs. 707.45 respectively. So far 109235 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 724.95 on 23-Sep-2024 and a 52 week low of Rs. 420.85 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 724.95 and Rs. 669.30 respectively. The current market cap of the company is Rs. 47508.85 crore.
The promoters holding in the company stood at 41.94%, while Institutions and Non-Institutions held 51.38% and 6.67% respectively.
Jubilant FoodWorks (JFL) has entered into a Memorandum of Understanding (MoU) with Coca-Cola India, 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.
A Master Agreement will be executed between the parties commencing from April 1, 2025 based on the principal terms and conditions mentioned in the MoU. After execution of the Master Agreement, The Coca-Cola Company authorized bottlers will become suppliers of sparkling beverages and other products as set out in the MoU to JFL. The arrangement will help JFL enhance its consumer offerings.
Jubilant FoodWorks is India’s largest and fastest growing food service company. The company and its subsidiary operates Domino’s Pizza brand with exclusive rights for India, Nepal, Bangladesh and Sri Lanka.
