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
Trending On Reuters
Finance Minister Arun Jaitley on Saturday unveiled a budget that aims to ramp up growth, aided by a slowed pace of fiscal deficit cuts and a raft of tax measures to put private domestic and foreign capital to work. Read | Full Coverage