Jubilant FoodWorks (JFL) shares surged 2%, reaching a new 52-week high of Rs 722, following its announcement of a strategic partnership with Coca-Cola India Private Limited (CCIPL).
Jubilant FoodWorks shares opened at ₹715.00 and reached a high of ₹722.00, with a low of ₹707.45 during the trading session. The stock is currently at its 52-week high of ₹722.00, showing a notable performance. Over the past year, Jubilant FoodWorks’ shares have ranged from a low of ₹421.05, reflecting significant growth.
The company signed a Memorandum of Understanding (MoU) to acquire a range of sparkling beverages and other products from Coca-Cola’s authorized bottlers. This move allows JFL to diversify its product offerings and expand into the growing beverage market.
Under the agreement, JFL will also manage marketing activities for the new product portfolio. The partnership is set to begin with a Master Agreement, effective from April 1, 2025. This collaboration strengthens JFL’s position in the fast-growing beverage sector, boosting its growth prospects.
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