Jubilant Foodworks purchases Coca-Cola India's sparkling beverage portfolio
This story was originally published at 18:02 IST on 26 December 2024
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--Jubilant Food: Entered into MoU with Coca-Cola for beverage portfolio
MUMBAI – Jubilant Foodworks Ltd. has signed a memorandum of understanding with Coca-Cola India Pvt. Ltd. to purchase and market a portfolio of sparkling beverage products and some other products from bottlers authorised by The Coca-Cola Company, it said in a stock exchange filing on Thursday.
The master agreement, signed for domestic markets, will be executed starting April 1. Bottlers authorised by The Coca-Cola Company will become suppliers of the sparkling beverages and other products listed in the pact to Jubilant FoodWorks, it said. The Jubilant Bhartia group in December said that it would pick up a 40% stake in Hindustan Coca-Cola Holdings Pvt. Ltd. through Jubilant Beverages Ltd.
In the September quarter, Jubilant Foodworks reported a net profit of INR 520.64 million on revenues of INR 14.67 billion. On Thursday, shares of the company ended marginally lower at INR 703.90 on the National Stock Exchange. End
Reported by Anand JC
Edited by Saji George Titus
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