Jubilant Foodworks is poised to secure an additional 51% stake in DP Eurasia for approximately ₹700 crore, equivalent to about 73 billion euros. DP Eurasia acts as the franchisor for Domino's Pizza in Turkey, Georgia, and Azerbaijan, with Russia no longer part of the equation.

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The acquisition, coupled with the existing 48.8% stake, will transform DP Eurasia into a wholly-owned subsidiary of Jubilant Foodworks. Consequently, the financial performance of DP Eurasia will be incorporated into Jubilant Foodworks' consolidated figures.

In 2021, Jubilant FoodWorks initially acquired a 33% stake for ₹251 crore. The subsequent growth in business has seen the valuations double. This move is expected to boost Jubilant FoodWorks' consolidated top-line and EBITDA by approximately 13 to 15%.

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To finance this acquisition, Jubilant FoodWorks in India, while having some cash reserves, plans to establish a subsidiary in the Netherlands. This subsidiary will secure a loan, guaranteed by Jubilant FoodWorks in India, resulting in consolidated debt on the company's books.

DP Eurasia currently operates nearly 678 stores in Turkey, 10 in Azerbaijan, and 6 in Georgia. In the first half of the year, they generated revenues close to ₹456 crore, boasting margins of around 17% and a net profit of ₹66 crore.

Shares of Jubilant FoodWorks have settled at ₹544.80 in today’s trade. The stock is up more than 10% in the past month.