Graviss Group, the long-time operator of Baskin Robbins in India, is in discussions with Inspire Brands to acquire the master franchise rights for Dunkin’ in India, according to sources familiar with the matter. If completed, the deal would mark a major transition for the coffee-and-doughnut chain as it prepares for a new chapter in one of the world’s fastest-growing quick-service restaurant (QSR) markets.
The reported negotiations follow Jubilant FoodWorks’ decision to end its 15-year partnership with Dunkin’. The company announced earlier this year that it would not renew its franchise agreement, which is scheduled to conclude on December 31, 2026, after years of losses and declining store numbers. At the time, Inspire Brands confirmed its continued commitment to India and indicated it was seeking a new franchise partner to drive the brand’s next phase of growth.
For Graviss, the acquisition would represent a significant expansion of its foodservice portfolio. The Mumbai-based group has operated Baskin Robbins in India since 1993 and secured exclusive rights for the SAARC region in 2007. Today, Baskin Robbins operates more than 800 outlets across over 230 cities, supported by nearly 5,000 retail points of sale, while also exporting products to franchise partners in Mauritius, the Maldives and Seychelles. According to Tracxn data, Graviss Foods reported FY25 revenue of approximately ₹354 crore.
Beyond Baskin Robbins, Graviss has diversified interests across hospitality, real estate and consumer brands, including The Brooklyn Creamery, InterContinental Marine Drive and Mayfair Banquets, giving the group extensive experience in multi-brand operations and supply-chain management. Industry observers believe this infrastructure could provide operational synergies for Dunkin’s retail network and future expansion.
Dunkin entered India in 2012 under Jubilant FoodWorks and initially expanded rapidly, growing to more than 70 stores within its first four years. However, the brand struggled to establish its coffee-and-doughnut-led format in the Indian market, prompting multiple store closures and a shift toward smaller, kiosk-style outlets. By the end of FY25, the network had declined to 27 stores, contributing only 0.61% of Jubilant FoodWorks’ consolidated revenue, while recording losses of around ₹19.1 crore.
According to sources, Graviss is expected to reposition Dunkin’s India business should the transaction proceed, with a greater focus on local consumer preferences, a broader food offering and an expanded dessert portfolio to strengthen the brand’s competitiveness in India’s increasingly crowded café and bakery segment.
Neither Graviss Group nor Inspire Brands has publicly announced a definitive agreement, and no official timeline for the potential transaction has been disclosed.
