Jubilant FoodWorks to challenge ₹46.9 cr GST demand over ITC reversal
Domino's and Popeyes operator Jubilant FoodWorks received a ₹46.9 crore GST demand notice tied to input tax credit reversal classification. The QSR major plans to contest the order and says it expects no material financial impact.
Jubilant FoodWorks, India's leading QSR operator with Domino's and Popeyes franchise rights, received a ₹46.9 crore GST demand notice over ITC reversal classification. The company will challenge it, citing no financial impact.
Why this matters
The ₹46.9 crore GST notice over ITC reversal follows repeated reporting of the demand, and comes as Jubilant FoodWorks recently rose 4% on its Q1FY26 update with Motilal Oswal holding 'Neutral' at a ₹475 target.
Retail-company signals accelerating, up +779200% QoQ.