India-based food service company Jubilant FoodWorks has revealed it will not renew its Dunkin’ franchise agreement upon its expiration on Dec. 31, 2026. The company currently operates Dunkin’ locations in India and has led the brand’s expansion in the market.
Both parties are expected to evaluate next steps for existing stores, including a potential sale or transfer of franchise rights.
According to company statements, the decision is not expected to materially impact Jubilant’s overall financial or operational performance.
Founded in 1950 in Massachusetts, Dunkin’ grew rapidly through franchising after launching its first franchise location in 1955.
In 2020, Dunkin’ was acquired by Inspire Brands, which also owns Arby’s, Baskin-Robbins, Buffalo Wild Wings, Jimmy John’s, and Sonic. The brand now operates more than 14,000 restaurants across nearly 40 global markets, according to its website.
Despite this global scale, its performance has not been consistent across all regions.
Jubilant FoodWorks launched Dunkin’ in India in April 2012, initially expanding to more than 70 stores within its first four years.
However, the brand has failed to gain sustained traction and eventually scaled back operations.
In fiscal year 2025, Dunkin’ contributed just 0.61% of Jubilant’s total revenue and recorded a loss of approximately 191 million rupees (about $2.05 million), the company’s full fiscal year 2025 earnings report revealed.
