Jubilant FoodWorks gets ₹46.9 crore GST demand notice over ITC classification
The operator of Domino's and Popeyes in India received a ₹46.9 crore GST demand notice tied to alleged incorrect input tax credit reversal classification. Jubilant FoodWorks plans to challenge the notice, citing no material financial impact and expecting the demand to be dropped.
Jubilant FoodWorks, operator of Domino's and Popeyes in India, received a ₹46.9 crore GST demand notice over alleged incorrect ITC reversal classification. The company will challenge it, citing no financial impact and expecting the demand to be dropped.
Why this matters
The GST notice follows a strong operational run for Jubilant FoodWorks, with Q1FY27 revenue up 14.1% and 58 new Domino's stores, and Motilal Oswal's 'Neutral' rating at a ₹475 target after its Q1FY26 update.
Retail-company signals accelerating at +778600% QoQ.