Jubilant Foodworks falls on weak same store sales
MUMBAI (Reuters) - Shares in Jubilant Foodworks Ltd(JUBI.NS) fell as much as 8 percent on Tuesday and headed for its second day of falls after posting a lower-than-expected same store sales growth in the October-December quarter.
Jubilant, which operates the Domino's Pizza franchise in India, said on Monday its quarterly net profit rose by 28 percent to 377 million rupees. The same store sales growth in the results were lower than expected, according to analysts.
Jubilant shares were down 7 percent as of 9:54 a.m.
(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
- Tweet this
- Share this
- Digg this
- Microsoft names next operating system 'Windows 10'
- Exclusive - India set to run out of critical free drug for HIV/AIDS programme
- Column: Why work with Modi? It’s the economy, stupid
- Obama, Modi work to deepen improving U.S.-India ties
- Hong Kong democracy protesters and officials mark uneasy National Day
India could run out of a critical medicine in its free HIV/AIDS drugs programme in three weeks due to bureaucratic bungling, a senior government official said, leaving more than 150,000 sufferers without life-saving drugs for about a month. Full Article