Jubilant FoodWorks, Life to pay 0.25% of sales as royalty to promoters

Jubilant FoodWorks, which is the master franchisee of Domino's and Dunkin' Donuts in India, already pays franchise fees to Domino's

Jubilant FoodWorks and Jubilant Life Sciences, which are part of the diversified Jubilant Bhartia Group, on Tuesday evening said they would pay 0.25 per cent of their net sales as royalty to the promoters, effective FY20. The statement came even as the stock price of Jubilant, one of the largest food service operators in India, was pummelled by investors through the day. Shares of Jubilant fell 6.45 per cent on the BSE as investors remained nervous following a buzz of the company’s decision to pay royalty to the Bhartia family, which holds 45 per cent in the firm.

A statement to