Brands
Krishival Foods’ Q3 profit jumps to Rs 6.41 crore
Revenue rises to Rs 76.86 crore as margins expand to 15.01 per cent
MUMBAI: Krishival Foods Limited has posted a sharp jump in revenue and profits for the quarter ended 31 December 2025, as festive demand, operating leverage and an unexpected winter surge in ice cream sales lifted margins.
The Mumbai-based FMCG company reported unaudited revenue of Rs 76.86 crore for the third quarter, up 40 per cent year on year. Ebitda rose 263 per cent to Rs 11.54 crore, with margins expanding to 15.01 per cent. Net profit climbed to Rs 6.41 crore from Rs 0.05 crore a year earlier.
For the nine months ended December, total revenue reached Rs 197.57 crore, nearing the Rs 202 crore reported for the full previous financial year.
The standout performer was Melt N Mellow, the company’s ice cream business, which turned profitable at the Pat level for the first time despite the winter season. Quarterly revenue more than doubled to Rs 21.01 crore, while Pat swung to a profit of Rs 0.58 crore from a loss of Rs 2.33 crore a year ago.
The core Krishival Nuts business continued to anchor growth, buoyed by festive and wedding-season demand. Quarterly revenue rose 14.7 per cent to Rs 54.82 crore, while nine-month revenue increased 22 per cent to Rs 147.19 crore. Segment Pat for the quarter surged 146 per cent to Rs 5.88 crore.
To fund expansion, the company recently closed a Rs 9,999.48 lakh rights issue, offering 45 shares for every 301 held. Proceeds will be used to set up a new processing facility in Kolhapur, Maharashtra, aimed at quadrupling daily nut processing capacity from 10 metric tonnes to 40 metric tonnes over three years.
Krishival has also expanded its retail footprint, with more than 10,000 nut touchpoints across 110 cities, over 26,000 ice cream outlets, and nearly 9,900 deep freezers deployed across five states. Internationally, the company has entered Singapore, where it is present in more than 300 retail outlets.
Chairman Sujit Bangar described the period as a strategic inflection point, as the company scales its dual-brand portfolio positioned around premium-yet-accessible snacking.
Brands
Dunkin’ Donuts to exit India as Jubilant FoodWorks ends 15-year franchise deal
The quick service restaurant giant is ending a 15-year franchise partnership with the American doughnut chain, even as it renews its Domino’s agreement for another 15 years
NOIDA: Dunkin’ is done in India. Jubilant FoodWorks Ltd, the country’s leading quick service restaurant operator, has decided not to renew its franchise agreement with the American coffee and doughnut chain, and will wind down its Indian stores in a phased manner before December 31, 2026, bringing a 15-year partnership to a quiet, loss-laden close.
The decision, approved by JFL’s board on March 30, 2026, ends a relationship that began with a Multiple Unit Development Franchise Agreement signed on February 24, 2011. JFL will now evaluate and undertake what it described in a regulatory filing as the “rationalisation and/or cessation of certain operations and/or sale, transfer or disposal of assets and/or assignment or transfer of franchise rights,” all in consultation with Dunkin’s brand owners and strictly within the terms of the original agreement.
The numbers tell the story bluntly. In the financial year 2024-25, Dunkin’ India posted a revenue of Rs 37 crore against a loss of Rs 19 crore — a haemorrhage that was always going to test the patience of a parent company recording revenues of Rs 6,104 crore and a profit of Rs 194 crore in the same period. Doughnuts, it turns out, were never going to move the needle.
The contrast with JFL’s handling of its other marquee franchise could hardly be sharper. Even as it walks away from Dunkin’, the company has just doubled down on Domino’s, signing a fresh Master Franchise Agreement on March 31, 2026, granting it exclusive rights to develop and operate Domino’s Pizza stores in India for 15 years, with an option to renew for a further 10.
JFL, incorporated in 1995 and promoted by the Bharatia family, operates a network of more than 3,500 stores across six markets — India, Turkey, Bangladesh, Sri Lanka, Azerbaijan and Georgia. Its portfolio includes Domino’s and Popeyes on the global side, and two home-grown brands: Hong’s Kitchen and COFFY, a café brand in Turkey.
For Dunkin’, India was always a stretch. The brand never quite cracked the cultural code in a market where filter coffee and chai command fierce loyalty and where the doughnut remains, at best, an occasional indulgence rather than a daily habit. Fifteen years, mounting losses and a parent with better things to spend its capital on was always going to be a difficult equation to solve.
The doughnut has had its last day. The pizza, however, is staying.
